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Cargotec wins first commercial order for spreader-mounted radiation detection technology


Cargotec wins first commercial order for spreader-mounted radiation detection technology

Cargotec has won its first commercial contract - an order from U. S. based Lockheed Martin for a Cargotec Port Security (CPS) spreader-mounted radiation detection system. The system is designed to meet US requirements for 100% inbound container scanning in all ports by 2012.

Lockheed Martin will use the CPS spreader-mounted scanning system to complete integration testing of the company's Container Scanning System. The CPS system will be used as part of Lockheed Martin's integrated technology solutions portfolio. The CPS system is planned to be installed and tested at a United States East coast port during 2009.

The CPS equipment purchased by Lockheed Martin will feature a ship-to-shore crane spreader outfitted with Cargotec Port Security technology to scan containers while the spreader is in transit. Scanning during the movement of the container will not compromise overall terminal productivity. This technology can be installed on crane spreaders, straddle carriers or other mobile equipment, such as on marine vessels engaged in security operations.

The Cargotec Port Security system purchased by Lockheed Martin has been awarded Qualified Anti-Terrorism Technology (QATT) Designation from the U.S. Department of Homeland Security. Receipt of QATT Designation followed the successful Department of Energy Oak Ridge evaluation, in which the Cargotec Port Security spreader solution demonstrated 100 percent accuracy, with zero false positives and zero false negatives.

Headquartered in Bethesda, MD, USA, Lockheed Martin is a global security company that employs about 146,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of USD 42.7 billion.

"We are extremely pleased to have achieved our first commercial order," says Troy Thompson, President of Cargotec Port Security. "Lockheed Martin is an outstanding leader in the field of homeland, infrastructure and maritime security, and we are delighted to be working with them. In a very short time terminals in the United States and around the world are going to need container security solutions that comply with the U.S. container security initiative, but which do so without compromising port productivity. At a time when the global economy is undergoing significant strains, we need security solutions that do not add an extra security step in transhipment and intermodal operations. The system from Cargotec Port Security which we are supplying to Lockheed Martin has demonstrated proven performance at a very high scanning standard, without slowing terminal operations."

Further information for press:
Troy Thompson, President, Cargotec Port Security, tel. +1 919 620 1763
Minna Karhu, Vice President, Corporate Communications, Cargotec,
tel. +358 (0)204 55 4630

Further information for investors:
Paula Liimatta, IR Manager, tel. +358 (0)204 55 4634

Cargotec improves the efficiency of cargo flows by offering handling systems and the related services for the loading and unloading of goods. Cargotec's brands, Hiab, Kalmar and MacGREGOR, are global market leaders in their fields and their solutions are used on land and at sea - wherever cargo is on the move. Extensive services close to customers ensure the continuous usability of equipment. Cargotec is the technology leader in its field, its R&D focusing on innovative solutions that take environmental considerations into account. Cargotec's sales total EUR 3.4 billion and it employs approximately 12,000 people. Cargotec's class B shares are quoted on the NASDAQ OMX Helsinki.
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