Hydrapower International Inc. awarded SMGT Ltd. press brake contract

Marco Island, Fla.-based Hydrapower International Inc. has been awarded a contract to manufacture a 3,000 tons x 44-foot press brake for SMGT Ltd., an investment group based in Singapore.

The machine will be built in Hydrapower’s North American facility and shipped to the SMGT new joint venture company located on the Mississippi River in Northern Louisiana.

SMGT Ltd has interests in developing technology in energy, transportation and logistics.  Hydrapower says SMGT has developed a new method of efficiently shipping LNG in easy-to-transport energy modules to undeveloped regions of the world.  Specific details of their product will remain confidential, Hydrapower says, until worldwide patent protection is in place.  SMGT has designed a special tooling system, which will also remain confidential, Hydrapower says.