October 1, 2004 Belfast, Prince Edward Island Norseboat Ltd., located in Belfast, has begun manufacturing and marketing the Norseboat 17.5. This innovative sailing and rowing micro-cruising boat was conceptualized by Islander Kevin Jeffrey and designed by world renowned naval architect firm Chuck Paine & Associates. Constructed from a high quality epoxy-based resin and fibreglass composite, the Norseboat 17.5 resembles a traditional lapstrake-style sailing and rowing boat. "Norseboat's design and early reviews suggest it holds great promise to be a very successful product for the company," said the Honourable Lawrence MacAulay, Member of Parliament for Cardigan, on behalf of ACOA. "Developing trade and investment opportunities here in PEI is a key priority for ACOA and the Government of Canada is pleased to work with Mr. Jeffrey as he begins marketing the Norseboat across North America and around the world." "The government of Prince Edward Island is committed to strategically investing in development projects all across the Island," said the Honourable Mike Currie, Minister of Development and Technology. "Kevin Jeffrey recognized what the advantages of operating out of our province could offer and I wish him much success here in Prince Edward Island." The Norseboat, which represents a new generation of small sailboats, is attractive, lightweight, seaworthy and affordable. Its construction and style make it a good daysailer and a comfortable camping micro-cruiser. SAIL Magazine named the Norseboat 17.5 one of the ABest Boats of 2004" and in the March 2004 WaterTribe Challenge, the Norseboat placed first in the sailboat division. Building of the boats major components will be subcontracted to Cutting Edge Composites, an Island company experienced in vacuum-bag/resin-infusion fiberglass technology, with Norseboat retaining ownership of all designs and proprietary tools such as fiberglass molds and jigs. "This technology will give Norseboat Limited a very competitive edge in the international marketplace, said Kevin Jeffrey. The Design is based on the open sea boats of traditional Norse sailor and partially decked beach skiffs used by fishermen in the 1800s along the New Jersey shore. Blended with this heritage are many design innovations and high-quality modern construction methods." For more information please visit the company's website at: www.norseboat.com. - 30 - Ron Crozier Office of the Minister for ACOA Tel.: (902) 888-4150 Kevin Jeffrey Norseboat Tel: 902-659-2790 kjeffrey@norseboat.com Julie Whitlock PEI Business Development Tel.:(902) 894-0367 Wes Harrison ACOA PEI & Tourism Tel.:368-0842 wes.harrison@acoa-apeca.gc.ca
