Press Release 01 – April 2012

STL Research is pleased to announce that they have recently been awarded Government funding to accelerate their project to develop an offshore personnel-access system.

Code-named Neptune, the system  will  space-stabilise its personnel carrier regardless of the motion of the ship on which it is mounted so that personnel can safely transfer to fixed structures offshore such as wind turbines and oil or gas platforms..

David Kirkley, Managing Director of STL Research said “The funding will enable us to continue with our development programme at an accelerated rate and also expand our engineering team.  We are pleased that potential has been seen in the Neptune system. Also, it will significantly help us bring this technology to market”.

The funding, from the Technology Strategy Board’s ‘Smart’ scheme, will enable STL to prove the concept of the Neptune offshore personnel- access system, and gain Internationally-recognised accreditation for use offshore.

STL Research is exhibiting at All Energy 2012, on stand F31.

For further information on the Neptune offshore personnel-access system and for more information on STL Research contact us at:

STL Research

7 Mariners Way

Cowes

Isle of Wight

PO31 8PD

Tel: 01983 201540

Email: enquiries@submarine-technology.com

The Technology Strategy Board is a business-led government body which works to create economic growth by ensuring that the UK is a global leader in innovation. Sponsored by the Department for Business, Innovation and Skills (BIS), the Technology Strategy Board brings together business, research and the public sector, supporting and accelerating the development of innovative products and services to meet market needs, tackle major societal challenges and help build the future economy. For more information please visit www.innovateuk.org

Managed by the Technology Strategy Board, the Smart scheme offers funding to small and medium-sized enterprises (SMEs) to engage in R&D projects in the strategically important areas of science, engineering and technology, from which successful new products, processes and services could emerge. http://www.innovateuk.org/deliveringinnovation/smart.ashx