MeyGen Update

RNS Number : 4397N

Atlantis Resources Limited

26 October 2016

 

26 October 2016

Atlantis Resources Limited

("Atlantis" or the "Company")

MeyGen Update

Atlantis, a global leader in the tidal power sector, is pleased to provide a further update on the offshore construction programme at the MeyGen project site in the Pentland Firth, Scotland.

As announced on 7 October, the first of four Turbine Support Structures ("TSS") was installed using the Neptune jack up vessel owned by Geosea. All four foundations have now been successfully installed using the Neptune jack-up vessel which has been demobilised from the project site.

This offshore operation was a resounding success and importantly has validated the use of jack up vessels for the purpose of installing tidal turbine foundations offshore in high flow locations. The use of a jack-up rig for the installations is significant for the future of the industry offering a flexible and fast installation solution.

The project remains on track to have all turbines installed and connected to the grid in time for first power delivery from the world's largest tidal power project by the end of the year.

Enquiries:

Atlantis Resources	via FTI Consulting
Tim Cornelius, Chief Executive Officer Simon Counsell, Chief Financial Officer
Peel Hunt LLP (Nominated Adviser and Broker)	[phone]
Adrian Trimmings Jock Maxwell Macdonald
FTI Consulting	[phone]
Ben Brewerton Alex Beagley James Styles

 

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