eMARINE Global Receives Science and ICT Minister Award for Excellence

eMARINE Global Receives Science and ICT Minister Award for Excellence

SEOUL, South Korea, Dec. 11, 2017 (GLOBE NEWSWIRE) -- eMARINE Global, Inc.
(OTC:EMRN), a leading provider of information and communications technology
for the maritime industry, is pleased to announce Korea’s Ministry of Science
and ICT recognized the Company’s excellence in software technology for the
maritime industry by bestowing upon it the organization’s highest award, the
Science and ICT Minister Award. This is the third Minister award the Company
has received in 2017.

“It is a great honor to receive the Science and ICT Ministry’s highest award,”
stated Dr. Ung Gyu Kim, Chairman and CEO of eMARINE Global. “This award is a
strong testament of the technology leadership we are demonstrating in our
field and the economic value we are contributing through innovation that we
believe is already reshaping the future of the $500 billion global shipping

The award was directly related to the Company’s core research and development
efforts which have produced a growing number of Smart Ship solutions. eMARINE
Global has been developing its Smart Ship technology under an exclusive
partnership with Hyundai Heavy Industries (HHI), the world’s leading

According to data from Clarkson Research, an estimated 6,500 ships are
expected to be ordered globally over the next five years. Based on HHI’s
market share, Integrated Smart Ship Solutions (ISSS) will be installed on
approximately 700 ships during the period.

ISSS enables the interconnection of equipment, people, and goods through
wireless technology, improving efficiency and safety in the shipping industry.

eMARINE Global has developed multiple Smart Ship solutions that are supplied
to HHI under an exclusive partnership agreement. Solutions include technology
for collision avoidance and voyage optimization, engine monitoring, fleet
management, and fuel saving.

Ultimately, the Company’s innovative Smart Ship products will play a pivotal
role in the future development of autonomous ships. Lloyd’s Register predicts
the development of autonomous systems for the maritime industry will drive
“the biggest revolution in maritime security in over a century.”

“Significant transformation is underway in the maritime industry, and we plan
to play a pivotal role in the ongoing evolution,” continued Chairman Dr. Ung
Gyu Kim. “Our technology is driving positive impact today, and as we bring
more innovations to market, our growing success will lead to sustainable
shareholder value improvement.”

eMARINE Global’s Chief Technology Officer, Minsik Primo Park, received the
Ministry award on behalf of the Company during SW Week 2017 at the COEX
conference hall in Seoul on November 22.

About eMARINE Global, Inc.

eMARINE is a provider of information and communications technology in the
maritime industry. Specifically, eMARINE provides solutions for collection,
integration and display of maritime information abroad and ashore by
electronic means to enhance berth to berth navigation and related services.
These solutions provide the most efficient means to secure the safety of life
at sea and to protect the marine environment. All products and services are
offered through subscription, installation, updates and/or maintenance

Forward-Looking Statements

Statements preceded by, followed by, or that otherwise include the words
“believe”, “anticipate”, “estimate”, “expect”, “intend”, “plan”, “project”,
“prospects”, “outlook”, and similar words or expressions, or future or
conditional verbs such as “will”, “should”, “would”, “may”, and “could” are
generally forward-looking in nature and not historical facts.

These forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the Company’s actual results,
performance or achievements to be materially different from any anticipated
results, performance, or achievements. The Company disclaims any intention to,
and undertakes no obligation to, revise any forward-looking statements,
whether as a result of new information, a future event, or otherwise.


Dave Gentry
RedChip Companies
407-644-4256, ext. 104
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