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LUMUT, Monday, April 3, 2006 - Malaysia's steadfast commitment towards a safe and secure nation, particularly in regards to the country's territorial waters, took yet another progressive step forward with the successful delivery of a Royal Malaysian Navy (RMN) offshore patrol vessel (OPV) by PSC Naval Dockyard Sdn Bhd (PSC-ND) today.

YB Dato' Sri Mohd. Najib Tun Abdul Razak, Deputy Prime Minister of Malaysia and the country's Minister of Defense, was on hand to officiate the handover ceremony. Also present were senior officials of the Malaysian Armed Forces as well as the senior management team of PSC Industries Berhad (PSCI) and Boustead Holdings Berhad.

YBhg. Laksamana Madya (R) Dato' Seri Ahmad Ramli, Group Managing Director, PSCI, said, "PSC-ND's successful delivery of this OPV to the Royal Malaysian Navy marks a positive turning point for the Group and a testament to our management's focus, capability and commitment to fulfill our commitments to the Malaysian Government."

"This state-of-the-art vessel also signifies the coming-of-age of our country's shipbuilding capabilities as we have clearly shown that Malaysians have the expertise to undertake this effort, more so as it requires advance technical skills-set."

This OPV is part of PSC-ND's contractual obligation to the Malaysian Government to design, construct and deliver six patrol vessels together with an integrated logistics support and commercial package programme for RMN valued at RM5.3 billion.

"With our second OPV set to be delivered very soon, we are now focusing on ensuring the timely delivery of all remaining vessels to the RMN.

"The Group hopes that once we have successfully met our contractual obligations, we will then make headways in securing more projects from the Malaysian Government, given our experience and track record," YBhg. Laksamana Madya (R) Dato' Seri Ahmad Ramli, concluded.

This OPV and the follow-on new patrol vessels will feature an advance modular warship design that saves construction time and effort while offering flexible installation of weapons, electronics and service systems.

These OPVs will be used for a wide range of tasks including search and rescue operations, crisis management missions and offshore patrol duties. Its state-of-the-art features include reduced radar cross section and Infra Red signature of the ship that minimizes detection; purpose-built and designed to maximize survivability in the event of damage; as well as highly advanced electronics and operational systems.


©2006 Boustead Holdings Berhad

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