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MODEL TEST

Captain Ola Harshe (left), the Utopia Vice President of shipbuilding, and the Chairman of Utopia, Mr. David Robb, at Samsung Ship Model Basin

November 1, 2010

Samsung model tests $1.1 billion residential ship

Korea's Samsung Heavy Industries Co. has completed model testing of the hull and propellers of the $1.1 billion residential ship that it sees as its entry way into the cruise ship market.

Samsung is to build the ship under an agreement with Utopia Residences of Beverley Hills, California, that was announced in November 2009.

"We have completed the core technical testing for this luxurious ocean liner," said the Chairman of Utopia, Mr. David Robb. "The ship's hull will be wider than hulls on most passenger vessels, which will give our residents on this ocean liner smoother sailing. The hull was also modified to be more environmentally friendly. As a result, we have a more fuel efficient hull and propellers that will move through the ocean more quietly and sensitively."

The President of Samsung Heavy Industries Mr. Roh In-Sik remarked "This is a significant event in the building of Utopia and a significant milestone for Samsung as we further penetrate the passenger ship market internationally. With this investment in the Utopia, we come closer to producing the world's most luxurious ship."

"Samsung selected its best engineers companywide for the Utopia," he added. "There are over 70 engineers and technical personnel working on the Utopia."

The Korean shipbuilder's research facilities include the Samsung Ship Model Basin(SSMB) which has one of the world's largest commercial towing tank, which focuses on improving the ship p erformance and developing new ships.

Captain Ola Harsheim, the Utopia Vice President of shipbuilding commented "The successful completion of these hull tests has proven the technical viability of our ship. These tests go way beyond any computer model or simulations because they are physical tests on water. The completion of these tests is very exciting for our resident community. The widening of The UTOPIA hull and the inclusion of four stabilizers make our ship unique and will maximize the comfort for our residents and guests."


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