PowerDocks, LLC Announces its Memorandum of Understanding with dotOcean NV to commercialize Autonomo

Newport, RI –

PowerDocks, LLC, a USA based marine technology developer which designs and manufactures Marine Autonomous Powered Docking Platforms (MAPDs) and dotOcean NV, a Belgium based provider of autonomous marine vessel navigation technologies, called Automate-Your-Boat (AYB), have joined forces to commercialize Autonomous Marine Navigation Systems and develop an Autonomous Vessel Docking System for its new BlueIsles™ Marine Drone Product Platforms.

PowerDocks BlueIsles™ Product Platforms will now offer the option to be able to navigate from one location to another remote location, and dock itself, completely autonomously when powered by electric & hybrid marine propulsion systems. This new technical capability opens new markets for BlueIsles™ Product Platforms in the Marine Drone Logistics and Transportation Markets. This new market opportunity is estimated to be USD 11.20 Billion in 2022 and is projected to reach USD 29.06 Billion by 2027, at a CAGR of 21.01% from 2022 to 2027, according to a market research report entitled "Drone Logistics and Transportation Market by Solution (Warehousing, Shipping, Infrastructure, Software), Sector (Commercial, Military), Drone (Freight Drones, Passenger Drones, Ambulance Drones), and Region - Global Forecast to 2027", published by MarketsandMarkets™, May 4th 2018.

“dotOcean Automate-Your-Boat (AYB) navigation system will assist PowerDocks customers to extend their maritime mission autonomously and achieve a lower mission operating cost”, states Anthony Baro, Managing Partner of PowerDocks. Koen Geirnaert, Managing Director of dotOcean, emphasizes “our expertise in the development of autonomous vessel navigation solutions will provide PowerDocks BlueIsles™ Marine Drone Platforms with autonomous docking capability in new market channel applications”.

Both Anthony Baro and Koen Geirnaert who shared an exhibit in this year’s 2018 Electric & Hybrid World Expo, in concert with the Autonomous Ship Technology Symposium in Amsterdam, Netherlands agree that this collaboration will bring exciting opportunities and benefits not only to both companies but will also have a worldwide marine industry impact.

For additional information please visit PowerDocks LLC at www.power-docks.com and dotOcean NV at or www.automateyourboat.com.

PowerDocks LLC / Anthony Baro, Managing Partner (abaro@power-docks.com/401-489-2273)

dotOcean NV / Koen Geirnaert, Managing Director (koen@dotocean.eu /+32 (0) 50 68 30 54)

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