Dredge Technology Corp. Formed In New York

John J. McMullen Associates, Inc., naval architects, marine engineers and consultants of New York, N.Y., and IHC-Holland of Rotterdam, the Netherlands, announce their joint establishment of Dredge Technology Corporation at Suite 3000, One World Trade Center, New York, N.Y. 10048. Dredge Technology Corporation, which is 50 percent owned by each of the sponsoring corporations, will provide U.S. dredging companies, shipyards and government agencies with the design and engineering services required for construction and modification of all types of dredges. Dredge Technology Corporation will also be prepared to provide a full range of dredging equipment to such parties, utilizing the technology and equipment developed by IHC-Holland over the past 100 years.

Dredge Technology Corporation will have full access to the specialized know-how, experienced and technology of both companies, with particular respect to the highly specialized experience and knowledge of IHC-Holland in the field of dredge technology. The first project assigned to Dredge Technology Corporation is the contract design of a new 4,300-cubic-meter trailer suction hopper dredge of split-hull design, which will utilize a design concept originated by IHC-Holland. McMullen Associates will be responsible for preparation of the contract drawings and regulatory body approvals to American standards and practice.

John P. Martin has been designated as president of Dredge Technology Corporation. Mr. Martin is a graduate of Virginia Polytechnic Institute with a B.Sc.

degree in naval architecture, and holds an M.S. degree in nautical engineering from Stevens Institute of Technology. Mr. Martin has been associated with John J. McMullen Associates, Inc. since 1965, and for the past several years has served as vice president of that company's Flume Stabilization System Division. McMullen Associates is an engineering consulting company serving the marine transportation industry in areas of naval architecture, marine engineering, transportation economics, and project management.

IHC-Holland is the largest supplier of dredge engineering and technology in the world, and has four building yards in Holland. The company has provided more than 150 dredges of various types and sizes to the world market in the past five years.

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