Large order for Saab Marine Electronics

Large order to Saab Marine Electronics for radar level gauging equipment

The Swedish company Saab Marine Electronics has received a 40 million SEK
order for radar-based level gauging equipment onboard eight chemical
tankers. The top modern ships, delivered by the Polish shipyard Stettin,
are of 40 000 dwt each.

The Greek ship-owner, Ceres Hellenic Shipping, with a tanker fleet of 40
ships from 15 000 dwt up to 300 000 dwt, has long experience of Saab
TankRadar as level gauging equipment. Reliability and accuracy are
important facts in the demanding environment inside the tanks on board
these chemical carriers. The environmental aspect has, as well, been of
great importance in the choice of radar-based level gauging equipment.

The first delivery is due to July next year and all deliveries contain
level gauging in ballast, fuel oil and misc tanks, high-high alarm and
load calculators.

Saab Marine Electronics is a company within the Saab Group. The company
designs and manufactures radar-based level gauges for tankers and for the
oil and chemical industry. The market share for tankers is over 50%. Saab
Marine Electronics has eight subsidiaries and a worldwide representative
net work for sales and support. The turnover in 1998 was 450 million SEK.
The company is an environmentally and quality certified company in
accordance with ISO 14001 and ISO 9001.

Saab is mainly active in the aviation, space and defence industry and
offers advanced products and systems based on sophisticated information -
technology. The business areas within Saab are Military Aerospace, Space,
Training Systems, Commercial Aircraft and Combitech.

For further information, please contact:

Ann Lövdahl, Manager of Communications and Public Affairs, tel +46 31 3370 155.
E-mail: ann.lovdahl@marine.saab.se
Anders Roos, General Manager tel +46 31 3370 225
E-mail: anders.roos@marine.saab.se

www.saab.tankradar.se

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