Clarification on the MOU with CMIH for the OOS Zeelandia

[:en]OOS International wishes to clarify the description of the MOU for the SSCV OOS Zeelandia Project highlighted in the press release of December 11th 2017. On some websites misquotes were made mentioning a construction contract has already been signed. We apologize for the confusion this may have caused.

The MOU signed between OOS International and CMIH does not include an agreement to proceed to the manufacturing stage. It specifically states that both companies have agreed to be involved in conducting the basic engineering design for the vessel. No commitment has been made by either company that they will move into the production phase until the Board of Directors of both companies are satisfied.

For more information, please contact our Communications Department: [:]