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May 5, 2010

Zentech signs cooperation agreement with Knud E. Hansen

Zentech, Inc. and Knud E. Hansen A/S of Elsinore, Denmark, have signed an agreement to work more closely on projects in the offshore wind farm and offshore oil and gas industries as well as the general maritime industry.

Zentech President Ramesh Maini described the move as "positioning ourselves for the blossoming of the offshore wind and other alternative energy markets."

In Denmark, Knud E. Hansen Managing Director Finn Wollesen Petersen said the agreement would give the companies "a better position on both sides of the Atlantic Ocean."

Knud E. Hansen has 50 employees and from its four offices in Europe, has established a strong reputation in both the general maritime industry and in newly developing specialty niche markets. It has emerged as a leading provider of offshore wind-farm installation vessel designs.

Zentech is a Houston based marine engineering and naval architecture consulting firm specializing in the offshore oil and gas and renewable energy industries. It has a professional staff of over 160 in six international locations. Zentech's expertise encompasses dynamically positioned semi-submersibles, drillships, jackup drilling units, barges, fixed offshore platforms, fabrication yards, floating production systems, risers and pipelines. Primary disciplines include structural engineering, naval architecture/marine engineering, mechanical and electrical engineering, as well as a wide range of proprietary engineering software.

Zentech owns five state-of-the-art designs for jack-up drilling and wind farm support vessels. The company also owns two existing vessels, a semi-SWATH and a jack-up unit, that are ideally suited to offshore wind farm installation work and currently available for charter.


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