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Thursday, February 26, 2009

WDT CEO Meets with Crown Prince of Abu Dhabi and Announces AED 67 mm Contract

Wave Dispersion Technologies, Inc. (WDT) Chairman and CEO Dennis G. Smith meeting with His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Mr. Mohammed Al Ka’abi, IGG’s Chairman of the Board of Directors, at the WDT's trade show booth at IDEX. They spent about five minutes discussing a number of issues about WDT's recently announced contract to provide Floating Security Barriers (FSB's) to the Critical National Infrastructure Authority.

CNIA and IGG sign AED 67 million contract for security water barriers

ABU DHABI, 25th Feb. 2009 (WAM): The Critical National Infrastructure Authority (CNIA) has signed an agreement with International Golden Group (IGG) to construct water security barrier systems in the Emirate of Abu Dhabi.

The three-year agreement is worth AED 67 million. The agreement was signed at IDEX 2009 by CNIA’s Director General, Brigadier Engineer Muhair Ali Al Khateri, and the Chairman of the Board of Directors of IGG, Mr. Mohammed Hilal Sorour Al Ka'abi. Present at the signing ceremony were a number of officials from CNIA and IGG.

Brigadier Engineer Al Khateri said, "The agreement aims to protect the coastal critical infrastructure and prevent attempts to sabotage or damage them. The agreement also aims to prevent environmental pollution by stopping and containing oil spills, indicating protected areas, and providing security and protection for oil tankers through controlling routes. The agreement also seeks to secure smooth oil export operations and minimize risks to water conditions up to 40% during bad weather." He added that in addition to high durability and resistance, the water security barriers are characterized by high elasticity, easy installation and mobility on any area. The barriers are designed to provide maritime homeland security by allowing for radars, observation cameras and rooms and weapons platforms. These types of security barriers are in use in the United States, Nigeria and other countries.

Mr. Mohammed Al Ka’abi, IGG’s Chairman of the Board of Directors, said, "IGG has built a strategic partnership with Wave Dispersion Technologies, a leading U.S. manufacturer of several designs of a modular water barrier system known as WhisprWave, which meets the requirements of critical sites." He further noted that IGG is showcasing its exclusive new defence systems at IDEX 2009.

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