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2016-04-06

Wärtsilä Oyj Abp: Marina Ahoy wins Wärtsilä Marine Mastermind innovation contest

Wärtsilä Corporation, Press release, 6 April 2016 at 9.30 am EET

Marina Ahoy Ltd. has won the Wärtsilä Marine Mastermind innovation contest,
launched by Wärtsilä in connection with the Slush start-up event in October
2015. The company, which hails from Estonia, is developing a customer service
touchpoint for marinas and a convenience tool for sailors. The innovative
tool offers sailors and marinas a real-time connection that helps automate
routine tasks and can therefore enable marinas to operate around the clock.

The aim of the contest was to find fresh, unique ideas for digital services
that could bring value to the marine industry. The winners get the chance to
develop their idea further together with Wärtsilä's experts and Shift
Actions, a company specialized in agile concept and product development. The
winner also gets a chance to become part of the highly international marine
business.

"The overall quality of finalists was really high, and the decision was made
mainly based on two key factors: innovativeness - especially potential for
business disruption - and which entry would most benefit from the development
sprint organised by Wärtsilä and Shift Actions," says Tero Hottinen, General
Manager, Business Innovation at Wärtsilä Services, who was in charge of the
innovation contest. "Marina Ahoy's offering has strong potential to become a
successful commercial product, and it was also seen as something that
benefits from exactly this kind of approach. The solution Marina Ahoy is
developing for leisure business could very well fit the industrial shipping
as well, and that will be the focus within Lean Innovation Lab."

Cooperation creates opportunities for start-ups and growth for customers

Wärtsilä, a globally known pioneer in the use of digital technologies in the
marine and energy industries, organized the Wärtsilä Marine Mastermind
contest in order to build closer relationships with international start-up
companies, encouraging them to use their imaginations and discover the
opportunities for innovation offered by the marine industry. At the same
time, Wärtsilä is looking to find and refine services or solutions that could
support the growth of its customers' business.

In addition to the winning idea, the finalists included novel data analytics
tools and methodology, structural shape monitoring technology, a fuel-saving
routing solution, and a spectral sensor system that measures the chemical
composition of solids, liquids and gases.

"All in all, we received 47 submissions from 17 different countries. The
overall quality of applications was really high and we had a positive problem
in selecting the finalists. We really look forward to the next steps and
foresee collaboration with several contest participants," Tero Hottinen says.

From idea into product

The winner of the contest gets to experience a 30-day agile "Lean Innovation
Lab" product or service development sprint. The sprint is focused on the
challenges of innovation, development of the concept for commercialisation,
its prototyping as well as the business plan and its implementation plan. The
goal is to use the concrete idea in the future together with Wärtsilä.

"We are thrilled about the victory and the chance to develop our innovation
further together with Wärtsilä and Shift Actions. The slogan for Marina Ahoy
is 'For sailor-friendly marinas', and that is what the invention is all
about. We want to make marina services easy and convenient for sailors, but
at the same time boost the marinas' business by enabling them to automate
their basic operations," Hannes Koppel, CEO and Founder of Marina Ahoy says.
"We are happy that the jury recognised the potential Marina Ahoy's solution
has in industrial shipping as well, and are really looking forward to jointly
explore how our offering could be developed into that direction."

The winner was chosen by an international jury established by Wärtsilä. The
jury included Wärtsilä's experts as well as distinguished representatives of
the marine industry media, Wärtsilä's customer and capital investor as well
as a start-up incubator.

For further information, please contact:

Tero Hottinen
General Manager, Business Innovation
Services, Business Development
Wärtsilä Finland Oy
tero.hottinen@wartsila.com

Tel: +358 44 583 8253

Hanna Viita
Director, Marketing
Wärtsilä Corporation
hanna.viita@wartsila.com

Tel: +358 40 167 1755

Wärtsilä Services in brief

Wärtsilä Services creates lifecycle services for its customers, enhancing
their business - whenever, wherever. We provide industry's broadest range of
services for both shipping and power generation. Our solutions range from
spare parts and basic support to ensuring maximised lifetime, increased
efficiency and guaranteed performance of customer's equipment or installation
- in a safe, reliable, and environmentally sustainable way.

Wärtsilä in brief

Wärtsilä is a global leader in advanced technologies and complete lifecycle
solutions for the marine and energy markets. By emphasising sustainable
innovation and total efficiency, Wärtsilä maximises the environmental and
economic performance of the vessels and power plants of its customers.

In 2015, Wärtsilä's net sales totalled EUR 5 billion with approximately 18,800
employees. The company has operations in over 200 locations in more than 70
countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com

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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: Wärtsilä Oyj Abp via Globenewswire

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