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U-Boat Worx Welcomes a New Investment Partner

BREDA, The Netherlands, December 12, 2013 /PRNewswire/ --

Dutch submersible manufacturer expands production capacity and presence in Asia Pacific

U-Boat Worx today is pleased to announce its partnership with Exa Limited, a company owned by Tan Sri Lim Kok Thay, a distinguished entrepreneur who spearheads the Genting Group, one of Asia's most dynamic conglomerates.

     (Photo: http://photos.prnewswire.com/prnh/20131212/658860 )

The partnership is aimed at advancing U-Boat Worx' growth path in the coming years, which includes increased production capacity, reduction of delivery times, and improvement of global support.

"This is an innovative product that offers the unique experience of deep-sea exploration and ocean diving without getting into scuba gear. I am impressed that U-Boat Worx' team has established the company as the market leader in the field of manned submersibles, notwithstanding the adverse economic environment," said Tan Sri Lim.

According to Bert Houtman, founder of U-Boat Worx, "My vision has always been to create a series of safe and reliable submersibles that provide a unique underwater experience. Our new partner Tan Sri Lim, who is involved in diverse industries including casinos, resorts, theme parks, oil and gas, cruise liners and innovative yacht construction, will allow us to execute my vision whilst simultaneously increasing our exposure in the Asia-Pacific region."

U-Boat Worx currently has an order book that includes delivery of manned submersibles in 2014 to superyacht owners, scientific research institutes and tourist operators.

Exa Limited is the appointed distributor in Asia Pacific for U-Boat Worx personal submersibles and will develop and implement a sales and marketing strategy and dealership network in close cooperation with U-Boat Worx.

About EXA Limited

Exa Limited is a company owned by Tan Sri Lim Kok Thay, the Chairman and Chief Executive of the Genting Group. The Genting Group is one of Asia's most dynamic conglomerates with operations in diverse industries including leisure & hospitality, power generation, oil palm plantations, property development, biotechnology and oil and gas. The leisure and hospitality division includes the "Resorts World", "Star Cruises", and "Norwegian Cruise Line" brands.

Exa Limited is an equity partner in U-Boat Worx, yacht manufacturers Wider S.r.l. and Grand Banks Yachts Limited.  They also own Wider Yacht Asia Limited, and are the Asia Pacific regional distributors.

About U-Boat Worx

U-Boat Worx is based in The Netherlands and was founded in 2005. Since its inception, the company has become the world's largest mini-submersible manufacturer.

U-Boat Worx offers five submersibles ranging from 2-person up to 5-person models; C-Quester 2, C-Quester 3, C-Explorer 2, C-Explorer 3 and C-Explorer 5. The C-Questers all have standard depth-ratings of 100 metres and the C-Explorers are available in depth-ratings ranging from 100 metres up to 1000 metres.

U-Boat Worx is committed to building submersibles in series. This reduces cost and lead times. A team of 25 full-time employees, including engineers, technicians, submersible pilots, and support staff, continuously design, manufacture and test all submersibles in-house.

Images

High-resolution photos: http://www.uboatworx.com/Mediakit.dhtml?lan=ENG

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