Competitive Strengths

Our Directors believe our competitive strengths are as follows:

• Our Integrated Engineering Solutions cater to many aspects of the life cycle of offshore oil and gas facilities

  • Our six business divisions of IES are designed to make us a single solution provider that can meet many specific requirements of offshore oil and gas facilities over their entire life cycle.

• We adopt "blue ocean" strategies to develop commercially viable businesses

  • We have demonstrated our ability to identify new business opportunities in the energy sector where there are fewer competitors, and develop them into commercial projects and profi table businesses, for example, our development of two mobile gas supply chains in Indonesia and Vietnam.

• We leverage innovative technologies of our business partners and principals to provide customers with competitive and cost effective solutions

  • We are able to provide IES which employ a complementary mix of innovative technologies in a competitive and cost effective manner to our customers.

  • We are able to access newer and advanced technologies from our business partners and principals which we can ultimately provide to our customers.

• Innovation is a hallmark of our operations

  • We have developed newer and improved product generations of MGPs, including a maintenance-free and self-cleaning MGP, for which we have fi led a PCT application for the patent in 2011.

  • We will continue to identify, develop and commercialise new and innovative products. Further development efforts will be carried out to explore new applications for our existing products.

• We have an experienced and committed Board of Directors and management team

  • Our President, CEO and founding shareholder, Christopher Do, has more than 25 years of experience in the offshore oil and gas industry.

  • Our Executive Directors and Executive Offi cers collectively have more than 80 years of experience in the offshore oil and gas industry.

• We have a multi-skilled and professional work force

  • Our team is capable of managing and executing engineering projects, from preliminary studies to planning and execution, thus offering customers the opportunity to completely outsource these operations to us.

• We have a strong regional network

  • With more than 20 years of presence in Asia, we have successfully established a regional network for the marketing and distribution of our products and solutions throughout the Asia Pacifi c region.

  • We have operations in Malaysia, Indonesia and Vietnam. We have also entered into exclusive sales and representative agreements with agents in Europe, USA, India and China to market and sell our MGPs and IES.

• We have well established relationships with various participants in the oil and gas industry

  • They include major offshore oil and gas operators and national oil companies, major fabrication yards and EPCIC contractors in the development of new offshore facilities, subsea contractors, our suppliers including those who are also our business partners and principals as well as regulatory bodies and state-owned oil and gas companies in Vietnam and Indonesia.