HOUSTON, TX, Feb. 8 /CNW/ - SSP Offshore Inc. ("SSP Offshore") today
announced that it had received formal Approval-In-Principle from the
American Bureau of Shipping ("ABS") with respect to both its SSP Base
and SSP Plus floating platform designs. ABS confirmed that the SSP
designs fully qualify for classification as ABS +A1 Floating Offshore
Paul Illingworth, CEO of SSP Offshore, advised that "achievement of ABS
Approval-In-Principle is a major milestone in our ongoing efforts to
bring the SSP platforms into the market in the near future. It is our
intention now to continue these efforts to attain full design approval
in the near term."
SSP Offshore further announced that it received notification of
qualification by its subsidiary, SSP Offshore (USA) Inc., as an
approved supplier by the Achilles Joint Industry Qualification
organization. Mr. Illingworth further stated that "Achilles approval
is a necessary precondition for participation in prospective Norwegian
sector North Sea projects. Over the past few months, we have
identified a number of prospects in this area suitable for the
application of SSP floating platform technology and the Achilles
approval is an important step in our goal to be a supplier of floating
production platforms in the North Sea."
About SSP Offshore Inc.
SSP Offshore is a public company listed under the symbol "SSZ" on the
TSX Venture Exchange. The Corporation is actively commercializing its
proprietary SSP® FPSO platform design in two formats: (i) SSP Base and
(ii) SSP Plus. Visit the company's website at www.sspoffshore.com for more information.
Certain statements contained herein constitute forward-looking
statements. Although the company believes the statements are
reasonable, it can give no assurance that such expectations will prove
to be correct. The company cautions investors that any forward-looking
statements made by the company are not guarantees of the future
performance, and that the actual results may differ materially from
those in the forward-looking statements as a result of various factors.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
SOURCE SSP Offshore Inc.
For further information:
L. Daniel Wilson, President, at (403) 358-1110 (phone) or email@example.com.