Float Inc. www.floatinc.org

in association with

Waller Marine Inc. http://www.wallermarine.com/index.php

EXTRACT FROM WALLER MARINE INC web site:

Liquid Natural Gas (LNG) http://www.wallermarine.com/lng.php

The principals of Waller Marine Inc have a long association with LNG ship transportation beginning with the construction of the “Methane Princess”; in the 1960's. NB: This association progressed through the 1980's with the construction of the El Paso ships and investigation and analysis of the different LNG containment systems for the U.S. Maritime Administration.

The Company has participated in the rejuvenation of the LNG business in the early 2000's in the design of mini LNG systems including export terminals, mini liquefaction facilities, storage, mini transport ships and ITB’s and import terminals with regasification facilities for fuelling power plants.

Offshore Floating LNG Terminal

Large floating import terminal are a realistic alternative to land-based facilities particularly when gas supplies are needed in the vicinity of large populations and permitting is difficult.

Waller Marine Inc. has looked at the viability of large floating, moored concrete LNG storage and regasification, sufficient to discharge Q Max tankers and store up to 400,000 cubic meters of product.

Taking the concept further, a combined cycle power plant can be installed on the platform together with the utilization of generated heat for regasification and the production of freshwater from low quality steam.

Float Inc. http://www.floatinc.org/LNGterminal.aspx The Float Inc patented Pneumatically Stabilized Platform marine technology provides a stable, monolithic, floating platform and inner structure capable of containing LNG storage tanks which are the results of a cooperative agreement between Waller Marine Inc. and Float Inc.