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Nautilus Minerals: Vessel Integrated Control System Contract Awarded to Kongsberg Maritime In Norway

Nautilus Minerals Inc. (the "Company" or "Nautilus") announces that the contract for the vessel integrated control system (including dynamic positioning and navigation systems) to be used on the Company's Production Support Vessel (PSV), has been awarded to Kongsberg Maritime, located in Norway. This is yet another key contract to be awarded by the shipyard, Fujian Mawei Shipbuilding Limited.

Mike Johnston, Nautilus' CEO, commented, "we are delighted to have the global technology leader in this field, well known for its extensive portfolio of high performance products and solutions supplying the dynamic positioning, navigation and control systems for our PSV. We look forward to reporting on the progress of the integration of this system into the vessel as we move closer to having our PSV ready for mining in Q1, 2018."

About the Integrated Vessel Control System

The integrated vessel control system (IVCS) package comprises dynamic positioning, marine automation, information management and navigation systems. The IVCS will keep the vessel within specified position and heading limits while operations are performed. The system will also provide oversight and control of critical vessel systems ensuring efficient operation of the vessel and minimising fuel consumption and wear and tear on the propulsion equipment. Kongsberg Maritime has supplied more than 2500 dynamic positioning systems worldwide.

About Kongsberg Maritime

Kongsberg Maritime is a wholly owned subsidiary of the Kongsberg Group, a leading Norwegian technology company established on 20th March 1814. Kongsberg Maritime delivers products and systems for dynamic positioning, navigation and automation to merchant vessels and offshore installations. They also supply products and systems for seabed surveying, surveillance, training simulators, and for fishing vessels and fisheries research.


An animation of how the seafloor production system works can be viewed on the Company's website:


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