Bay Shipbuilding Awards Siemens Propulsion System Order for Two Large Vessels

ATLANTA, Aug. 11, 2011 /PRNewswire/ -- Siemens Industry, Inc. (NYSE: SI) today announced it has been awarded a multi-million dollar contract to equip two platform supply vessels (PSVs) with its unique diesel electric propulsion solution at Fincantieri Marine Group's Bay Shipbuilding Company in Sturgeon Bay, Wis.  A Tidewater Inc. subsidiary will construct the vessels.

(Logo:  http://photos.prnewswire.com/prnh/20070904/SIEMENSLOGO )

"Our partnership with Tidewater exemplifies a true solutions-based process and we are pleased they have selected Siemens," said Jagannath Rao, president of the Industry Solutions Division, Siemens Industry, Inc. "Our innovative diesel electric propulsion system will provide a strong competitive advantage and a myriad of operational benefits."

The two deepwater PSVs will be outfitted with Siemens Blue™ multi-drive low-voltage propulsion system which improves reliability due to failsafe features that will help the vessel owner lower maintenance costs, and increase efficiency and operational ease for the vessel and crew. The ships' advanced design will also decrease fuel consumption, resulting in reduced emissions of harmful greenhouse gases.

Siemens will provide the main generators, main propulsion and thruster motors, switchboards, power management system and its IMAC Automation system for alarm, monitoring and control functions, in addition to a unique, fully integrated Siemens electrical FiFi 2 system.  As part of a Sole Source Vendor (SSV) solution, Siemens is also responsible for the designing, engineering, commissioning and project management of the diesel electric and automation system.

Certified by the American Bureau of Shipping, each PSV will be 92.5 meters long and 19 meters wide. Both ships will be capable of speeds of more than 14 knots and are designed to carry a variety of cargoes, including large quantities of fuel, water, drilling fluids, and dry bulk in below-deck tanks, while simultaneously transporting casing, drill pipes and containers on open-decks.

The vessels are slated for delivery in the fourth quarter of 2012 and the second quarter of 2013 respectively.

Based in New Orleans, La., Tidewater Inc. is the world's largest provider of marine support services for the offshore energy industry. With the largest and newest vessel fleet, a broad global footprint and leading safety performance, it serves customers operating in more remote, deeper and increasingly hostile environments in order to meet the world's energy demands.

Siemens Marine Solutions is among the world's leading suppliers of diesel-electric propulsion systems with over 160 low voltage diesel electric propulsion systems in operation around the world.

About Siemens:

Siemens Industry, Inc. (SII) is the U.S. affiliate of Siemens' global Industry Sector business—the world's leading supplier of production, transportation and building technology solutions. The company's integrated hardware and software technologies enable comprehensive industry-specific solutions for industrial and infrastructure providers to increase their productivity, sustainability and profitability. The Industry Sector includes six divisions: Building Technologies, Industry Automation, Industry Solutions, Mobility, Drive Technologies and Osram Sylvania. With nearly 204,000 Siemens Industry Sector employees worldwide, the Industry Sector posted a worldwide profit of $4.7 billion on revenues of $47.3 billion in fiscal 2010.
www.usa.siemens.com/Industry

A division of Siemens Industry, Inc. (SII), Industry Solutions (IS) is one of the world's leading solution and service providers for industrial and infrastructure facilities comprising the business activities of Siemens VAI Metals Technologies, Water Technologies and Industrial Technologies. Activities include engineering and installation, operation and service for the entire life cycle. Its wide-ranging portfolio of environmental solutions helps industrial companies to use energy, water and equipment efficiently, reduce emissions and comply with environmental guidelines. With nearly 29,000 employees worldwide, Industry Solutions posted worldwide revenues of $8.1 billion in fiscal year 2010. www.usa.siemens.com/industrysolutions

SOURCE Siemens Industry, Inc.