Sydney, Australia and Fall River, Massachusetts, United States – May 12, 2017 – UUV Aquabotix Ltd (ASX:UUV) (“Aquabotix" or the “Company”) is pleased to announce that it was recently selected for, and completed, the U.S. BlueTech Trade Mission, a two-week trade mission to four European cities, sponsored by the United States Department of Commerce and hosted by The Maritime Alliance (the TMA). Aquabotix is proud to be selected out of many applicants to join this first-ever U.S. Maritime Technology Export Initiative. The export initiative is a three-year collaboration with the United States International Trade Administration to increase exports among U.S. maritime technology companies. The “Blue” in BlueTech refers to the ocean-based technologies which are having a significant impact on the ocean economy. The goal of the Trade Mission was to connect businesses with new opportunities and to increase total new exports of Blue Technology. Aquabotix’s CEO, Durval Tavares, was in attendance for the duration of the Trade Mission.
The BlueTech Trade Mission made its first stop in Southampton, UK, where Aquabotix participated in the Ocean Business trade show on April 4-6, 2017. Aquabotix CEO Durval Tavares said of the tradeshow: “Everybody in the underwater vehicle space was there, including Teledyne, Saab and Kongsberg. Aquabotix was one of only two Hybrid Unmanned Underwater Vehicles (UUVs) displayed. Potential customers really appreciated the flexibility of having direct control as well as autonomy to run additional missions without buying more hardware.”
Week two of the BlueTech Trade Mission included a series of presentations and meetings in Copenhagen, Denmark; Hamburg, Germany; and Rotterdam, The Netherlands. Each meeting focused on different aspects of collaboration, distribution and export with potential technology partners.
Aquabotix is committed to growing its network of international partnerships through programs like the U.S. BlueTech Trade Mission. The experience and the connections created during the Trade Mission have opened doors to new business opportunities at home and abroad.
Based in Sydney and Fall River, Massachusetts, Aquabotix is an established underwater robotics company which manufactures and sells commercial and industrial-grade underwater drones and networked underwater cameras for commercial, high-end consumer and military applications. It is also one of very few companies worldwide offering commercially-available hybrid underwater drones, which are capable of both autonomous and remote operation. The Company owns the intellectual property in a range of unmanned underwater vehicles and underwater camera products and is an early-mover in a nascent industry. Aquabotix is the only publicly listed underwater drone company on any exchange.
Media Contact: Dawn Doraz, VP Marketing
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