The Board of Directors of Mooreast Holdings Ltd. ("Mooreast" or the "Company" and together with its subsidiaries, the "Group") wishes to provide an update on several recent developments.
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Mooreast Holdings Ltd. ("Mooreast" or the "Group"), announced today it will appoint Mr Eirik Ellingsen, a Norwegian with deep experience in the offshore and marine sector, as Chief Executive Officer ("CEO") amid growing adoption of floating wind energy projects worldwide.
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Mooreast Holdings Ltd. ("Mooreast" or the "Group") inaugurated its sales office in Taiwan today, marking its foray to Northeast Asia as part of an expansion to offer total mooring solutions to the global emerging floating renewable energy sector.
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Mooreast Holdings Ltd. ("Mooreast" or the "Group"), announced today that its wholly-owned subsidiary, Mooreast Asia Pte. Ltd., intends to acquire a 98,919 sqm (approx. 1.1 million sqft) facility from a subsidiary of Seatrium Limited ("Seatrium"), quadrupling its production capacity in Singapore to serve the fast-growing floating offshore renewable sector.
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Mooreast Holdings Ltd. ("Mooreast" or the "Group") has secured an order to supply its proprietary anchors for a pre-commercial floating offshore wind farm. Located off the French coast of Port-La Nouvelle and Gruissan in Southern France, Eolmed is a project developed by Qair, a European independent energy company, with TotalEnergies and floating technology supplier BW Ideol.
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Singapore Exchange Catalist-listed Mooreast Holdings Ltd. ("Mooreast" or the "Group") signed a Collaboration Agreement (the "Agreement") to explore establishing a manufacturing facility in Aberdeen, Scotland for the production of subsea foundations, as well as consolidation and assembly of mooring components for the floating offshore renewable energy sector.
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Mooreast Holdings Ltd announced plans to expand its mooring and rigging solutions product portfolio and to enhance partnerships with international players in order to extend its value proposition to the global floating offshore renewable energy sector.
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