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Sealegs Moves to Larger Location

Sealegs Moves to Larger Location

Auckland, 22 September 2005: Sealegs International is moving to larger premises to meet the growing demand for its amphibious boats.

The move by Sealegs to a new manufacturing and office location in the North Harbour Industrial Park, about 1km from its current premises, takes effect at the end of October.

The new Sealegs building will increase the current final assembly manufacturing facility by 300%. The move to larger premises coincides with new staff joining the company in the roles of Design Engineer, Production Technician and Administration Assistant.

Managing Director, Mr David McKee Wright, said that the move will allow Sealegs to centralise its sales, administration, research and development, final-assembly and shipping all to one location, with improvements in efficiencies and communication.

“In the last few months Sealegs International has experienced demand for its amphibious marine craft beyond that of its current manufacturing capacity. The new facility will help in increasing monthly production capacity,” he says.

Caption: Sealegs International’s new larger premises at the North Harbour Industrial Park.

ENDS

About Sealegs Corporation

Sealegs Corporation Limited is a public company listed on the New Zealand Stock Exchange Main Board with the ticker symbol SLG.

Sealegs set a new world record for the fastest crossing of the English Channel by an amphibious vehicle in June 2005.

Sealegs amphibious boats are used by customers in New Zealand, Australia, Dubai, France, UK and the USA.

Sealegs Corporation owns 100% of Sealegs International Limited, the world's leading manufacturer of amphibious boats. Sealegs International has developed a patent pending system of hydraulically motorised, steerable and retractable wheels for amphibious boats.

For more information on Sealegs see www.sealegs.com

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