Investors

Marport is a privately held, marine technology company headquartered in St. John’s, Newfoundland. It was founded more than 10 years ago in Reykjavik, Iceland as a marine electronics company focused on commercial fisheries. In 2006 it was reorganized as a Canadian company and has been capitalized with C$8.5 million of private equity and $3.5 million in research and development funding.

With 50 employees in 5 countries, Marport is a leading developer and manufacturer of subsea acoustics technology used for commercial fisheries, underwater defense, ocean science and offshore energy markets. Acoustics technology is the key enabler in securing the supply of subsea resources to meet increasing demand for protein, hydrocarbons, minerals and knowledge.

Marport’s Software Defined Sonar is a collection of patent–pending hardware and software technologies that are used for underwater sensing and communications. Many industry observers regard the Company’s Software Defined Sonar as a game-changing and disruptive technology that could transform the multi-billion dollar subsea acoustics industry. In 2008, Marport was named to the MTR 100, a list of the world’s top 100 marine technology companies. Additionally, the Canadian Manufacturers and Exporters in partnership with National Research Council Canada named Marport as a finalist for the 2008 Innovation Award for Innovative Excellence in New Technology.

The strength of its technology platform is combined with a management philosophy and organizational structure which spurs on the rapid development of new products and markets for these technologies. Marport has a diverse and sustainable range of technology, products and markets to secure maximum growth potential. The Company’s business model responds to customers’ need for fully integrated, subsea acoustic solutions that enhance operations, improve quality and increase profitability.

Marport sales are now rapidly migrating from commercial fisheries to defense and offshore energy. The Company maintains offices in Canada, Iceland, USA, Spain, and France.

Marport has a relatively wide ownership structure with 65% of the stock held by management and the Board. The Board of Directors includes the founders and two outside directors with vast industry and financial knowledge. They are Clarence Chandran (former COO of Nortel) and Brian Tobin (former Premier of NL and Federal Minister for Canada).

If you are interested in becoming part of our future, please contact Derrick Rowe at This e-mail address is being protected from spambots. You need JavaScript enabled to view it for further information.