In a significant development for Safe at Sea, the Swedish company has announced the sale of its SeaRanger system to the Geilo Red Cross in Norway. This sale, facilitated by Hode over Vann, Safe at Sea's Norwegian distributor, marks an important milestone in the company's expansion into the Nordic rescue operations market.

The Geilo Red Cross, known for its vital rescue operations in Norway's challenging fjord areas, has chosen the SeaRanger system to bolster its water rescue fleet. The SeaRanger, Safe at Sea's largest and most advanced boat system, is designed to perform in the most demanding conditions. Developed in collaboration with the South African Sea Rescue Institute (NSRI), it boasts high buoyancy, exceptional stability in rough waters, and superior maneuverability.

Lukas Brehm, Vice President at Safe at Sea, expressed his enthusiasm about the sale, stating, 'It's great to see that the Norwegian Red Cross has also recognized the value of our SeaRanger platform. We are confident that it will be a valuable asset to their operations.'

The delivery of the SeaRanger system is scheduled for the third quarter of 2025, with the order valued at approximately SEK 500,000. This strategic acquisition by the Geilo Red Cross not only enhances their operational capabilities but also underscores the growing recognition of Safe at Sea's innovative solutions in the field of maritime rescue.

For investors, this sale signifies Safe at Sea's potential for growth and increased market penetration. The company's collaboration with international rescue organizations and its ability to meet the stringent demands of such entities highlight its competitive edge in the maritime safety industry.

Given the current trajectory and the successful expansion into new markets, investors might consider holding their position in Safe at Sea. The company's strategic partnerships and product innovations position it well for future growth, making it a promising prospect in the long term.