Rutter's Brazilian Subsidiary Lands $7.9 M Contract



    ST. JOHN'S, March 18 /CNW/ - Rutter Inc. (TSX: RUT) is pleased to
announce that its 74% owned Brazilian subsidiary, Unicontrol International
Ltda., has been awarded a $7.9 million (CAN) contract related to FSTP Brasil
Ltda.'s construction of the P-56 FPSO (Floating Production Storage and
Offloading vessel).
    The terms of the contract call for Unicontrol to design and build the
ECOS Integrated Control and Safety System for the Petrobras P-56 FPSO. The
contract also has an option for commissioning and training with a value of
$935,000 (CAN).
    "This is the first significant contract award for Unicontrol since the
downturn in the Brazilian market which has lasted for over a year," said Glenn
Willar, COO of Rutter Hinz, "and it is our view that it signals the beginning
of a return to normal levels of activity. I'd like to take this opportunity to
congratulate Unicontrol's President, Elcio Pasqualucci and his team for this
important step forward."
    In commenting on this win, Donald I. Clarke, Chairman and CEO of Rutter
Inc., noted that, "while a general market improvement has certainly been
expected, the timing of this contract award is an important one as it will
have a positive impact on profitability levels almost immediately,
contributing to much needed operating stability for the Brazilian subsidiary."

    About Rutter - Rutter Inc. is a global enterprise providing innovative
electronics and automation solutions. Its subsidiary, Rutter Hinz is primarily
an automation enterprise providing control system and electrical engineering
to oil and gas, forestry, mining, utilities, food and beverage and other
commercial and industrial sectors since 1971. Rutter Hinz has offices coast to
coast in Canada as well as operations in the United States and Brazil. For
more information go to www.rutter.ca

    Forward-Looking Statements

    This press release may contain forward-looking statements that involve
risks and uncertainties. These forward-looking statements reflect our current
expectations and are subject to a number of risks and uncertainties including,
but not limited to, change in technology and general market conditions. Due to
the many risks and uncertainties, Rutter Inc. cannot assure that
forward-looking statements that may be contained in this press release will be
realized.

    The TSX has not reviewed and does not accept responsibility for the
    adequacy or accuracy of this release
    %SEDAR: 00022015E




For further information:

For further information: Dan Herder, Corporate Secretary, Rutter Inc.,
(709) 368-3174; Glenn Willar, Chief Operating Officer, Rutter Hinz Inc., (519)
885-0448


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890