Penguin International

[CityFarmer]

I doubt so. ST Marine focuses on military battle ship, rather on petrol boat.

Petrol boat is like police petrol car, which uses commercially available car e.g. BMW, with post-sale enhancement, rather than custom-made

(vested)

So do they own the technology like BMW or they just integrate some other companies' technology. Their AR mentioned R&D, so do they own patents? Thanks.

I reckon Penguin is focus more on the "D" in the R&D.

Penguin has consistently introduced new boat design, which either completing the product offering, or improved the existing product.

(vested)

It looks to me that they rely on BMT Nigel Gee for design expertise. This company is described as a Design Partner in the AR. For more information on what they do: http://www.bmtng.com/

First of all, it is co-designing, rather than sub-contracting to BMT.

Next, the design partner isn't on all projects and it is a newly engaged design partner. One of the evidence is, the BMT appeared only in 2013 AR, but not in all previous ARs. The partnership is only on Flex-25, and a new design project.

(vested)