W R SYSTEMS, LTD. SELLS EMSYS® INTELLECTUAL PROPERTY RIGHTS TO EMSYS MARITIME LTD.
W R Systems, Ltd. (WR) is pleased to announce the sale of Emsys® Intellectual property (IP) rights to Emsys Maritime Ltd., a UK-based maritime technology company.
WR originally developed Emsys in 2009 and gained Type Approval from ABS in September 2010. Since then, Emsys has been successfully deployed for many applications where air emissions measurement is required, including scrubber compliance monitoring, EPA air permit applications, and reporting of mass emissions inventories.
Following its introduction, Emsys rapidly became the market leading technology due to its unique combination of hardware and software that incorporates a calibration free, multi-channel laser. This capability is now in high demand due to its inclusion as a method for collecting data for the EU MRV Program. The second generation of Emsys emissions modeling systems, Emsys-iS, has since been developed and deployed.
The agreement allows Emsys Maritime Ltd. to exclusively continue sales of the Emsys-iS systems globally. “WR is pleased to accept the acquisition offer from Emsys Maritime, after eight years of successfully designing, producing, and selling the Emsys system to customers around the world. We feel that Emsys Maritime is an ideal new home for the Emsys intellectual property and believe they will continue the success of the Emsys system production and services,” said Brad Golden, Chief Executive Officer at WR.
WR decided to transition away from the emissions monitoring system to focus on re-aligning their government and military-based business models. For the past 33 years, WR has been providing the highest quality engineering, program management, technical, logistics, documentation, and administrative support services to the Department of Defense, Homeland Security, Justice, and State; as well as numerous city and state Government agencies and Commercial organizations in the private sector. Golden added, “We are proud to have developed Emsys into a market leading technology that helps ship-owners remain compliant in these challenging times; however, we felt it was the appropriate time for us to offer the system’s intellectual property to Emsys Maritime. They are an ideal fit to continue the outstanding service and support to our commercial customers worldwide. We are confident our customers will be in good hands.”
Emsys-iS installed to monitor scrubber compliance in a cruise ship funnel space
WR Systems, Ltd.
Amy Morris – Business Communications Manager
Emsys Maritime Ltd.
Simon Brown – Director
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