Rutter Inc. Signs $1.4 Million Funding Contract for Ice Navigation and Detection Radar Research and Development

ST. JOHN'S, NL, April 23, 2012 /CNW/ - Canadian-based Rutter Inc. (TSX:RUT) will receive $1.4 million in funding from Petroleum Research Newfoundland and Labrador under its Arctic & Harsh Environments strategic focus area.  The funds will be used to build and test an advanced radar system that is capable of providing enhanced ice navigation and detection.

The integrated dual polarized ice navigation and detection radar is expected to help operators distinguish between the much harder multi-year ice and first-year ice, a major challenge for vessels operating in ice‐infested waters. Research has shown that multi-year ice responds differently to radar signals from first-year ice and the radar enhancement gives the operator the ability to make immediate and informed decisions on navigation. This advancement in radar technology builds on Rutter's sigma S6 Ice Navigator system.

"With increasing commercial, marine, and oil and gas activities offshore Canada and in Arctic regions, significant benefits can be gained from improved sea ice characterization, tracking and management," says Fraser Edison, President and CEO of Rutter. "Our goal with this research is to help make navigation through ice- infested waters safer and easier for the end user."

About Rutter Inc. - Rutter is an enterprise focused on providing innovative technologies. Rutter's global network supplies technologies to improve efficiency and safety in the marine, defense, transportation, and oil and gas sectors from its headquarters in the province of Newfoundland and Labrador. For more information go to: http://www.rutter.ca.

Forward-Looking Statements
This press release may contain forward-looking statements that involve risks and uncertainties. These statements reflect current expectations and are subject to a number of risks and uncertainties including but not limited to, change in technology and general market conditions. Due to the many risks and uncertainties, Rutter Inc. cannot assure that forward-looking statements that may be contained in this press release will be realized.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For further information please contact:  

Fraser Edison Office: 1 709 576 6666
President and Chief Executive Officer Cell: 1 709 748 7105
Rutter Inc. f[email protected]