SAN JOSE, CA / ACCESSWIRE / September 5th, 2018 / Pacific Green Technologies Inc. ("PGT") (OTCQB: PGTK), is pleased to announce that its wholly owned subsidiary, Pacific Green Marine Technologies Inc., has signed an agreement with an unnamed international operator for twenty-five (25) production slots.
The operator, which operates internationally with a substantial fleet of multiple times the production slots they have reserved, has entered into the agreement to secure production availability to December 2021.
PGT’s Executive Director, Scott Poulter, said: “We have worked with our new partner to find a mutually beneficial solution that allows them to book production slots for our ENVI-MarineTM scrubbing system at fixed prices, for installation at various yards in Asia during the contract period. The Agreement provides them the flexibility to decide the vessel and the delivery date during the contract period. We are committed to finding solutions that address the needs of fleet owners and operators.”