Globeco joint venture
HIT has signed a joint venture agreement with shipping company Globeco. Globeco operates a fleet of over 200 ships. HNG technology will be installed into the first Globeco ship during Q1 of 2014. After successful sea trials, the ship will be used as a reference showcase for other shipping companies already expressing strong interest in using HNG technology in their own fleets. Globeco is also engaged in ocean clean up operations in the Mediterranean region and together with HIT plan to use HNG technology to neutralize toxic emissions in the sea.