SMM

SMM: has secured an exclusive license from Seahorse Platform Partners (SPPL) to use its patented technology in the design and construction of Minimum Facilities Platforms (MFPs) for the North Sea, Irish waters and other territorial waters of the UK. SMM also signed an OUE by which, subject to contract, SPPL will award an additional exclusive license for the technology for use for SE Asia and Australasia (excluding Malaysia and Brunei). Mgt believes the acquisition would give SMM a presence in Britain and reach out to its North Sea clientele. SMM is +0.5% at $4.48.