Hollund Industrial Marine has recently began a series of information meetings with members of the financial community in Chicago, USA.
At one presentation, Michael Lacy, CEO of Hollund Industrial Marine, described the company's business focus and market opportunities to a group of financial managers and investors.
"Today there are an estimated 300 million trees that are flooded in dam reservoirs around the world. Below the water the trees are no longer living, yet they remain preserved and viable for a variety of uses," Mr Lacy said.
"It makes economic and environmental sense to use those trees instead of cutting down living trees."
Mr Lacy said that TigerLynk technology had been specifically designed for the underwater logging industry. This commercially patented technology uses a heavy machine system that utilises a vessel-mounted robotic arm with vision enhancement systems to remotely locate, cut, and retrieve timber from a variety of underwater sources.
"Cutting trees under water on a commercial scale has challenged forest companies for years," Mr Lacy continued. "Diver-based logging methods have proven to be inefficient and dangerous.
"TigerLynk was specifically designed for this unique application and the technology is proven on a smaller scale. The next-generation of TigerLynk underwater logging equipment will evolve the product from prototype to commercial model for our exciting entry into this lucrative 'green' market."
The company announced that Mr. Lacy plans to make further presentations in other financial centres in the US.
