6th Nov 2006 07:01
Fisher (James) & Sons PLC06 November 2006 For release 06 November 2006 James Fisher & Sons Plc ('James Fisher' or 'the Company') Formation of James Fisher Inspection & Measurement Services James Fisher (FSJ.L), the marine services provider, announces the formation of anew company, called James Fisher Inspection & Measurement Services (JFIMS), toprovide inspection and measurement services to the nuclear, defence and offshoresectors and has appointed Dr Paul Read as its managing director, who joins fromBritish Nuclear Group, where he was managing director of its instrumentationsubsidiary, with extensive experience in the field of measurement andcharacterisation technologies. JFIMS, which will be based in Manchester and near Sellafield, is alsoestablishing partnerships with key product manufacturers and is pleased toannounce a strategic partnership with VJ Technologies Inc, a New York basedmarket leader in the provision of safe, state-of-the art inspection systems andprovision of X-Ray characterisation equipment for a broad range of applicationsand demanding operating environments. JFIMS will provide a broad measurement and inspection capability based on a widerange of technologies, including optical, acoustic and X-Ray. The new companywill operate alongside James Fisher Nuclear and James Fisher Defence to enhancethe services offered to these key sectors. Tim Harris, Chairman, James Fisher said: "We see JFIMS as an important development in providing quality services to ourcustomers in the nuclear, defence and offshore sectors, and are delighted tobring on board someone of Paul's experience and stature within the industry. Hehas a proven track record of fulfilling customer needs in regulatory and qualitydriven markets leading to very rapid and sustained profitable business growth.JFIMS is already forming partnerships with key product manufacturers." Vijay Alreja, Director, VJ Technologies, said: "James Fisher is a key component of VJT's European business plan and theCompany's commitment to the UK customer base, coverage and complimentarycapabilities make it an ideal partner to deliver our product to market andprovide lifetime support and operations personnel." Paul Read said: "Changes in the nuclear and defence markets are leading to an increasingly opencompetitive environment demanding greater emphasis on service quality, deliveryto programme and value for money. JFIMS is addressing this market opportunitythrough innovation to meet customer needs. We are delivering for our customers,utilising state-of-the-art JFIMS equipment with highly skilled and experiencedpersonnel trained within the industries they are now supporting. Feedback fromthe market has been very positive and we are confident of achieving strongorganic growth." For further information please contact: Nick Henry Chief Executive Officer James Fisher & Sons plc 020 7338 5808Dr Paul Read Managing Director James Fisher Inspection & Measurement 07831 553 719 Services 0161 232 1414Peter Binns Adventis Financial PR 020 7034 4760 Editors' notes Offshore Oil Services This division consists of companies based in Stavanger, Norway and Aberdeen,which hires specialist equipment to the offshore oil industry, primarily in theNorth Sea and increasingly in the developing oil areas of the former SovietRepublic, Mexico, West Africa and elsewhere globally. Specialist technical Services Nuclear engineering activities were merged into one company, James FisherNuclear in 2005, whose primary expertise is the design, manufacture andoperation of remote handling systems for nuclear decommissioning and ongoingplant operations. Defence Recognised globally as a leader in submarine rescue and for providing commercialskills to support ships engaged jn defence activities, highlighted by the rescueof seven Russian submariners by a James Fisher team and equipment under RoyalNavy Command, now being actively marketed to a growing global market. About VJ Technologies Inc Founded in 1987, VJ Technologies Inc has developed safe, state-of-the-art X-Rayinspection systems for an extensive range of technically challengingapplications and demanding operating environments. It provides outstandingservice and support, a dependable source of supply, and timely deliveries to itscustomers. Its reputation for high quality products and exceptional service hasbeen earned by assisting its customers to achieve or exceed their performancetargets via their X-Ray solutions. Over the years, VJ Technologies Inc has beenrecognized as a leader in this industry. The government division of VJ Technologies covers the following: • Nuclear Waste Characterisation • Aircraft & Aerospace Component Inspection • Ordnance Inspection • Nuclear Fuel Quality Control • Safety Critical Component Inspection • Vehicle and Cargo Inspection Specialty X-Ray systems are developed for munitions, waste management, etc. VJ Technologies Inc is the world leader in the provision of nuclear wasteinspection systems and services utilizing advanced X-Ray imaging technologies. VJ Technologies Inc is a world leader in the provision of X-Ray inspectionsystems for the aerospace industry and other military branches. Systems areprimarily used for radioscopic inspection of aerospace components to detectdefects that include cracks, corrosion, inclusions, and water intrusion.Inspection is applied to various components of helicopters, control rod ends,aircraft propeller blades, and aircraft engine turbine blades. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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