Tuesday, July 19, 2011

NASCENT Awarded Gate System Contract for the Portsmouth, Virginia Terminal

Charlotte, NC - February 7, 2007 -- NASCENT Technology, LLC (NASCENT), the leading provider of technical solutions for the transportation industry, has been awarded a contract from APM Terminals (APMT) to provide its SYNAPSE™ Gate System for the new, state-of-the-art terminal on the Elizabeth river in Portsmouth, Virginia.

The Portsmouth terminal will be the first major privately developed container terminal in the United States. Featuring 3,200 feet of berth space, the 230-acre facility will serve as a Mid-Atlantic platform for future growth.

"We're excited about taking part in this pioneering project," said Fabio Teti, NASCENT President. "Our SYNAPSE™ solution is ideally suited for APM Terminals' vision and utilization of technology at the terminal," added Teti.

The SYNAPSE™ AGS system allows terminals to increase efficiency and reduce error rates. Combining several technologies including inspection "portals", Optical Character Recognition (OCR), RFID tags, digital cameras, and Voice-over-IP-enabled communication kiosks, the system facilitates audio and video communications, data collection, and integration with 3rd-party systems.

About the Companies
APM Terminals, headquartered in The Hague, Netherlands, is a leading global container terminal operator with activities in more than 40 ports worldwide, generating an annual throughput of more than 24 million TEU (twenty-foot equivalent units) from about 60 leading shipping lines. In addition to the operation and management of container terminals, the company is also involved in stevedoring, providing value added services, and Free Trade Zone development. For further information please visit www.apmterminals.com.

NASCENT Technology, LLC., a wholly owned subsidiary of System Development Resources, Incorporated, is the leading provider of technology-based solutions for the transportation industry. SYNAPSE is NASCENT's revolutionary suite of Terminal Automation Products specifically designed to provide advanced, scalable solutions to meet the unique needs of various clients.

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