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TTS Group ASA: New container terminal contract in USA

TTS Group ASA has through its subsidiary TTS Marine Inc., signed a contract
for container handling equipment with Global Container Terminals in New
Jersey, USA. The contract value is approximately NOK 65 million.

Global Container Terminal, the closest container terminal to the New York/New
Jersey harbor entrance, is among the top terminal operators in North America.
For the expanded terminal, focusing on state-of-the-art technology and
equipment, it has been decided to use the TTS cassette system and
translifters for the transportation from the container port to the intermodal

TTS has delivered the similar solutions to London Gateway and APMT Virginia,
USA. The new contract confirms TTS' strong position in the container handling

A TTS translifter is a self-loading trailer which has been designed to be
coupled to any universal towing tractor. These manually operated vehicles
lift and move the specially designed cassettes using hydraulic systems. This
combination creates a flexible and reliable system for all terminal demands,
which ensures the maximum efficiency and the minimum time loss.

The delivery is scheduled for completion in June 2015.

Bergen, 14 April 2014

Tel.: +47 55 94 74 00 / Fax: +47 55 94 74 01

Contact persons:

Björn Andersson
M: +47 911 33 671

Arild Apelthun
M: +47 918 19 265

Miao Reinlund
VP, Communications
M: +47 900 65 883

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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: TTS Group ASA via Globenewswire


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