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Daewoo Shipbuilding & Marine Engineering Awards $6.7 Million+ Order To Rockwell Automation

Stocks in this article: ROK

Daewoo Shipbuilding & Marine Engineering (DSME), a South Korean shipbuilder established in 1973 in South Korea, has awarded a $6.7 million+ order to Rockwell Automation (NYSE: ROK). Rockwell Automation will deliver fully integrated safety solutions for Transocean, a leading international provider of offshore contract drilling services for energy companies, and an important DSME customer. Rockwell Automation will employ its large-project delivery management expertise to provide its PlantPAx™ Integrated Control Power and Safety Solution with the AADvance™ process safety system.

The contract covers deliveries to four new Transocean drill ships, with options for six more ships. It follows a $6 million+ order from DSME to Rockwell Automation for four new offshore drill ships in 2011.

According to DSME, Rockwell Automation offers a complete portfolio of offshore solutions, and a proven, robust system for DSME to improve its system availability and enhance the safety systems for offshore applications, including drill ships and rigs.

“We’re confident that Rockwell Automation will deliver and commission integrated information, control, power and safety systems needed to complete this important project for Transocean, based on their expertise to design, develop and deliver automation systems for the offshore industry,” said a DSME spokesperson.

“This win is significant because it demonstrates our outstanding ability to deliver control and safety solutions for offshore vessels and drilling rigs,” said Terry Gebert, vice president and general manager, Rockwell Automation Global Solutions. “Our experience and domain expertise in the oil and gas industry, as well as our global engineering resources, will help DSME and Transocean develop and maintain productive, safe and sustainable operations.”

Deliveries are scheduled for early 2014. All key solutions are scheduled for completion by June 2014 for the first vessel, and by October 2015 for an additional three vessels.

About Rockwell Automation

Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and information, makes its customers more productive and the world more sustainable. Headquartered in Milwaukee, Wis., Rockwell Automation employs about 22,000 people serving customers in more than 80 countries.

The thousands of engineers on the Rockwell Automation Global Solutions team design, build and upgrade control, power, safety and information solutions for manufacturing clients. Working in tandem with scalable PartnerNetwork,™ the company’s global solutions offerings can address a wide range of projects including challenging multi-million dollar enterprise projects than span two or more countries. Clients include oil and gas, petrochemicals, consumer industries, life sciences, automotive, tire and heavy industries such as cement, metals, mining, pulp and paper, and power and water utilities.

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