A C N 1 0 5 6 6 5 8 4 3WA INDUSTRY AND EXPORT AWARDSPERTH, WA 5...

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WA INDUSTRY AND EXPORT AWARDS
PERTH, WA 5 SEPTEMBER 2005
The Company is pleased to announce that it has been selected as a finalist for this year’s
prestigious Western Australian Industry and Export Awards.
Attached is the press release issued by the Department of Industry and Resources.
Authorised by:
Richard Wolanski
Chief Executive Officer
Neptune Marine Services Limited
T: (08) 9226 5722
About Neptune:
Neptune Marine Services Limited is the owner of the Neptune Dry Underwater Welding
System, a patented technology, that allows permanent in-situ weld repairs to be carried out
underwater at a fraction of the cost of using conventional permanent repair methods. The
technology has class society approval for use, and is currently being commercialised
globally.
Neptune Marine a finalist in the
WA Industry and Export Awards
Neptune Marine Service Limited has been selected as a finalist for this year’s
prestigious Western Australian Industry and Export Awards.
The awards, now in their 17th year, recognise excellence and innovation in small and
large WA businesses and feature 14 industry and export categories.
Neptune Marine is commercialising the patented Neptune Dry Underwater Welding
System that allows permanent in-situ weld repairs to be carried out underwater at a
fraction of the cost of using conventional permanent repair methods. The technology
has broad application in markets including shipping, oil and gas, infrastructure,
defence and hazardous environments.
Proof of the technology was confirmed through the generation of almost $1 million in
revenues in the first 12 months of operation and through the repeat business
delivered to the Australian Navy.
After a successful first year, which included the generation of initial export revenues,
the company’s primary focus has expanded from building Australian revenues to
building multiple revenue streams from south east Asia and the United Arab
Emirates.
The potential to create multiple revenue streams out of Asia will result in rapid growth
in revenues as a presence is established in each new country and will add to the
value of the technology in the significant markets in the northern hemisphere.
The winners, to be announced at a gala dinner and presentation evening at the Hyatt
on Friday 14 October, will also be vying for the sought after Premier’s Award for
Excellence.
Premier Geoff Gallop congratulated Neptune Marine on making the finals of the
awards, which have established themselves as the State’s most prestigious business
awards.
“Each year, the list of finalists and winners in these awards provide an impressive
showcase of WA businesses. The awards highlight the vital contribution WA
businesses make to the local economy through job creation and increased prosperity
in the community.”
The Premier said the awards recognise the importance of exports to the economic
development of the State. In fact, about a third of our Gross State Product is
generated by exports – more than any other State.
He said the State already had a strong export culture, with exports from Western
Australia in 2004 totalling $35 billion, and significantly contributing to the creation of
more than 52,500 new jobs last year.
The 2005 Awards, administered by the Department of Industry and Resources
(DoIR) are sponsored by Austal, Austrade, BankWest, Ernst & Young, Export
Finance and Insurance Corporation (EFIC), Fremantle Ports and The West
Australian, and endorsed by the Chamber of Commerce and Industry of WA,
UnionsWA and the Australian Institute of Export (WA) Ltd.
For more information or to reserve a table for the gala night visit
http://www.doir.wa.gov.au/awards or contact the Awards Secretariat on (08) 9222
3846, or email [email protected]
Media contact:
Department of Industry and Resources, Peter Lewis, ph 9222 3572, email
[email protected]
Neptune Marine Services Ltd, Richard Wolanski, ph 9226 5722, email
[email protected]