Wison and JMU Sign Agreement of SPB® Containment System as Fuel Tank

Shanghai, China (10 September 2019) - Wison (Nantong) Heavy Industry Co., Ltd., a subsidiaryofWison Offshore & Marine (“WOM”), has signed a strategic exclusive deal with Japan Marine United Corporation (“JMU”) which allows WOM to fabricate and market the SPB® Containment System as Fuel Tanks.

Under this agreement, Wison will fabricate SPB® Containment System with design and technical know-how from JMU. Together, we provide a customized cost-saving solution for LNG storage scheme.

This SPB® technology owned by JMU is well known for its LNG storage reliability and robustness since its development by IHI Corporation in 1980s.

“Wison Offshore & Marine is committed to delivering innovative solutions across LNG value chain from liquefaction, transportation and delivery, regasification, to LNG-to-power”, commented Wenxin An, Chief Operating Officer of WOM ” With the fast-approaching IMO 2020 Sulfur cap regulation, partnership between Wison and JMU will provide our customers a cost effective and reliable LNG fuel tank solution to meet the market demand.”