Notes from the management discussion from the first quarter ending November 2005:
Represented in over 70 countries, Rutter Inc. is a global enterprise whose goal is to deliver innovative 21st century technologies and engineering solutions that improve the efficiency, safety and security of maritime and other industrial operations. The Company's vision is to become a $500 million global enterprise, offering a range of innovative 21st century technologies and engineering solutions that improve client operations, safety and travel, while delivering superior returns to our shareholders.
In December 2004, the International Maritime Organization (IMO) formally adopted amendments that require all cargo vessels greater than 3,000 gross tons to have a Voyage data recorder (VDR) installed. Cargo ships greater than 20,000 gross tons would be required to have a VDR installed at its first scheduled dry docking after July 1, 2006 but not later than July 1, 2009. Cargo ships of 3,000 gross tons and upwards but less than 20,000 gross tons, would be required to have a VDR installed at its first scheduled dry docking after July 1, 2007 but not later than July 1, 2010
The Company believes that the VDR market will demand up to 25,000 VDRs between now and 2010 making this market opportunity more than 10 times the size of the estimated 2,000 vessels that required retrofitting in the first phase of IMO regulation pertaining to passenger vessels.
Rutter Inc. homepage: rutter.ca
www.rutter.ca
Also see Rutter Technologies - A division of Rutter Inc., ruttertech.com |
