Hanwha Ocean to Join Canadian Patrol Submarine Project
Hanwha Ocean of Korea, signed Memorandums of Understanding (MOUs) with four Canadian partners for long-term cooperation on the Canadian Patrol Submarine Project:
• The MOU with CAE (Montreal, Quebec) is related to integrated training solutions and critical operations support solutions.
• The MOU with Modest Tree (Halifax, Nova Scotia) is related to immersive training and digital in-service support solutions.
• The MOU with Des Nedhe Group (Saskatoon, Saskatchewan) is related to economic sustainability.
• The MOU with J Squared Technologies (Ottawa, Ontario) is related to critical capabilities for sea platforms.
Hanwha Ocean has delivered the KSS-III (also known as Jangbogo-3), the most capable ocean-going, diesel-electric submarine to the Republic of Korea Navy starting 2021. Jangbogo-3 is the only in-service platform that meets the Royal Canadian Navy's operational requirements and timeline for the Canadian Patrol Submarine Project.
"We see significant opportunities for synergies between Hanwha Ocean and these Canadian partners - CAE, Modest Tree, Des Nedhe Group and J Squared Technologies. With the signing of these MOUs, Hanwha can begin developing strategic relationships with these partners, which will also enhance and strengthen the relationship between Korea and Canada." - Sung Kyun Jeong, Senior Executive Vice President, Head of Naval Ship International Business, Hanwha Ocean
READ: CANADIAN PATROL SUNMARINE PROJECT – Replacing the Victoria-class Submarine
"We look forward to working with Hanwha Ocean on the Canadian Patrol Submarine Project. Partnering with a company like Hanwha on a proven platform like the Jangbogo-3 is a great opportunity for all of our businesses to expand into a new market." - Emily Smits, CEO of Modest Tree; Sean Willy, President & CEO, Des Nedhe Group; Tom Kelley, COO, J-Squared Technologies.
ADDITIONAL INFO
About Hanwha Ocean (www.hanwhaocean.com<http://www.hanwhaocean.com>)
Hanwha Ocean, founded in 1973 in Okpo Bay, Korea, is one of the world's premium shipbuilders and offshore contractors. Hanwha Ocean specializes in the design and construction of various naval and commercial vessels, including submarines, destroyers, container ships, and tankers as well as offshore platforms, drilling rigs and FPSO/FPUs.
For more than 40 years, Hanwha Ocean has been building and servicing submarines for the Republic of Korea Navy and other navies. The company designed and delivered the first KSS-III (also known as Jangbogo-3) to the Republic of Korea Navy in 2021. Jangbogo-3 is the most capable, in-operation, ocean-going, diesel-electric submarine in the world. Hanwha Ocean is part of Hanwha Group, which is Korea's 7th largest company, the largest defence company in Korea, and the 12th largest defence company in the world. Hanwha Group has more than 52,000 employees globally and 91 subsidiaries.
About CAE (www.cae.com<http://www.cae.com>)
At CAE, we equip people in critical roles with the expertise and solutions to create a safer world. As a technology company, we digitalize the physical world, deploying software-based simulation training and critical operations support solutions. Above all else, we empower pilots, cabin crew, airlines, defence and security forces and healthcare practitioners to perform at their best every day and when the stakes are the highest. Around the globe, we're everywhere customers need us to be with more than 13,000 employees in approximately 250 sites and training locations in over 40 countries. CAE represents more than 75 years of industry firsts-the highest-fidelity flight, mission and medical simulators and training programs powered by digital technologies. We embed sustainability in everything we do. Today and tomorrow, we'll make sure our customers are ready for the moments that matter.
About Modest Tree (www.modesttree.com<http://www.modesttree.com>)
Modest Tree is an award-winning integrated digitalization company specializing in the provision of modeling, training, and simulation solutions that help Original Equipment Manufacturers (OEMs) employ immersive technologies and leverage digital solutions for in-service support. Modest Tree's award-winning software and solutions are leveraged by fortune 500 OEMs and defence leaders in their operational processes and training programs.
About Des Nedhe Group (www.desnedhe.com<http://www.desnedhe.com>)
Established in 1991 by English River First Nation (ERFN), the Des Nedhe Development Corporation was designed to grow sustainable employment and business opportunities for ERFN community members. Now, driven by our purpose, rooted in our character, and led by a team of experts, Des Nedhe Group has grown into a national leader in Indigenous entrepreneurship and economic development - a diverse collective of Indigenous-owned businesses dedicated to creating lasting change in Indigenous communities and corporate supply chains across Canada.
About J Squared (www.jsquared.com<http://www.jsquared.com>)
J-Squared is a leader in ruggedized embedded electronic solutions, associated product lifecycle management and in-service support. J-Squared has over 30 years of experience exceeding operationally demanding performance requirements while serving harsh environment markets including defence, mining, rail, aerospace and marine. This foundation, combined with our focus on continuous improvement and exemplary customer service, has resulted in extensive deployments across multiple industries and markets.
