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Mobilarm Ltd Announces Joint Venture With Blisston Nigeria Limited

Thursday, 14 Feb 2013 09:39pm EST 

Mobilarm Ltd announced that it has agreed to enter into a joint venture with Blisston Nigeria Limited to deliver fully integrated rental solutions to its Nigerian customers. This includes the Company’s Maritime Survivor Locating Devices (MSLDs), life jackets, maintenance and annual recertification. This turn key rental solution delivers a long term revenues. The new joint venture called Mobilarm Nigeria Ltd is 50% owned by Mobilarm and 50% by the Company’s long term exclusive partner Blisston Nigeria Limited. This initiative has been welcomed by the Department of Petroleum Resources, the Government department that has mandated the requirement of Mobilarm’s solution throughout the Oil & Gas Industry, and will expedite the deployment of the Mobilarm solution. 

Latest Developments for Mobilarm Ltd

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0.0040 +9.76%
17 Oct 2014