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2016-11-14

Cargotec Corporation: MacGregor hackathon - Hack the sea - created novel safety and efficiency concepts for the maritime industry

CARGOTEC CORPORATION, PRESS RELEASE, 14 NOVEMBER 2016 AT 3 PM EET

MacGregor, part of Cargotec, organised its first hackathon "Hack the sea" on
11 - 13 November 2016 at the Interschalt Maritime Education&Training Centre,
in Schenefeld, Germany. The event brought together over 70 participants,
including 33 hackers in ten teams. The hackers, with their wide experience
from software, technology, design and business development, worked
intensively on given challenges and developed concepts that will help
reducing the unnecessary waste in the maritime industry.

"The MacGregor hackathon was very successful and exceeded our expectations.
The participants had brilliant ideas already in the beginning of the event,
and the excellent quality of the outcomes surprised us. In addition to
exciting demonstrations with state-of-the-art technology, we saw many
solutions that truly address our customers' current challenges as well as
their future needs. Many concepts have high potential to become real
products", says Alexander Nürnberg, Senior Vice President, Technology and R&D
at MacGregor.

MacGregor hosted altogether 10 teams in the event and provided them, together
with several event partners, with understanding of industry characteristics.
The teams worked on three challenge areas, namely safety - increasing safety
on vessels; efficiency - increasing fleet efficiency through optimised
maintenance of installed products; and environment - improving the vessel
sustainability. The participants represented companies and individuals,
including start-up and SME companies as well as universities.

The teams had access to many MacGregor data sources and Application
Programming Interfaces (APIs), and could use the offshore crane operations
simulator C-How and the vessel monitoring and reporting software Bluetracker.
Various other tools and devices were also provided by the event technology
partners. Additionally, the participants had an opportunity to experience how
it feels to operate a vessel with the bridge simulators at the Interschalt
Maritime Education and Training Centre.

"Creating new service and business concepts to meet our customers' current and
future needs is essential. In the hackathon, we experienced how these needs
can be satisfied with novel technology solutions, for example, by utilising
and analysing the data from different sources.", Michel van Roozendaal,
President of MacGregor and a member of the jury says. "It was delighting to
see how many teams chose to develop safety related concepts, aiming at
improving safety onboard the vessel as well as in the ports. There were also
interesting proposals which looked into general industry challenges, for
example reducing waiting times in ports. Other interesting concepts aimed at
visualising the vessel operations, crew locations and safe crane operating
conditions."

"We were very pleased to see that all teams had customer and business value
high in their thinking. Customer and business value was one of the key
criteria when choosing the winner of our Hack the sea. The winning concept
was presented by the team Cybercom, who developed the Apps for Ships
solution. Apps for Ships is a platform for rapid application development, not
just for MacGregor, but also for MacGregor customers, to build the
applications on. The proposed concept supports MacGregor's strategic targets
very well."

"This event showed that hackathons are of great value when looking for new and
radical ideas and concepts. Being open to external view in the early phase of
development brings fresh thinking to our company. The ideas presented in the
hackathon are very unique and novel, and we will move forward with selected
concepts and integrate them into our development and technology roadmaps,"
van Roozendaal concludes.

For more information please contact:

Alexander Nürnberg, Senior Vice President, Technology and R&D, MacGregor
Tel +49 172 981 3287, Email:alexander.nuernberg@macgregor.com

or

Heli Malkavaara, Senior Communications Manager, MacGregor,
Tel. +358 20 777 4500, Email:heli.malkavaara@macgregor.com

Winning team

Participants: team photo

.

Hacking area:

Bridge simulator

MacGregor shapes the offshore and marine industries by offering world-leading
engineering solutions and services with a strong portfolio of MacGregor,
Hatlapa, Porsgrunn, Pusnes and Triplex brands. Shipbuilders, owners and
operators are able to optimise the lifetime profitability, safety,
reliability and environmental sustainability of their operations by working
in close cooperation with MacGregor.

MacGregor solutions and services for handling marine cargoes, vessel
operations, offshore loads, crude/LNG transfer and offshore mooring are
alldesigned to perform with the sea
.www.macgregor.com

MacGregor is part of Cargotec. Cargotec's (Nasdaq Helsinki: CGCBV) sales in
2015 totalled approximately EUR 3.7 billion and it employs over 11,000
people.www.cargotec.com

Hackathon winning team_
http://hugin.info/135578/R/2056644/770359.jpg
Hackathon Group photo
http://hugin.info/135578/R/2056644/770360.jpg
HackingArea
http://hugin.info/135578/R/2056644/770361.JPG
Bridge simulator
http://hugin.info/135578/R/2056644/770362.jpg

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Cargotec Corporation via Globenewswire

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