SSP Offshore Announces U.S. Patent Office Notice of Allowances for SSP PLUS and SSP HUB Designs

HOUSTON, TX, Dec. 9, 2013 /CNW/ - SSP Offshore Inc. ("SSP Offshore") is pleased to announce that it has received Notices of Allowance from the United States Patent Office with respect to multiple claims on both its proprietary SSP Plus and its SSP HUB floating platform designs.

The allowed claims on the SSP Plus design include the core design elements of the sloped cylindrical hull of the SSP Plus along with the integrated heave-compensating module.  The U.S. Patent Office has now granted 17 individual claims on the SSP Plus contained in two separate patents.

The allowed claims on the SSP HUB design include the core design element of the tunnel through the hull allowing transport boats to dock inside.  The U.S. Patent Office has now accepted 25 individual claims on the SSP HUB.

Further collateral claims with respect to both the SSP Plus and SSP Hub have been submitted to the U.S. Patent Office and are awaiting reply.

In addition, SSP Offshore is pleased to announce that it has filed a patent application in the U.S. with 20 claims relating to the novel elements of its new SSP Driller design.

Paul Illingworth, CEO of SSP Offshore, stated that "we are extremely happy to have received confirmation that we have secured the core intellectual property on our proprietary SSP Plus and the SSP HUB designs, as we have invested significantly in these product development initiatives over the past three and one half years.  We will strive to ensure that we remain on the leading edge in product development in our market space and that we strategically use the patent process to protect our proprietary designs and add to our enterprise value in the long term."

About SSP Offshore Inc.

SSP Offshore is a public company listed under the symbol "SSZ" on the TSX Venture Exchange. SSP Offshore is actively commercializing its proprietary SSP® FPSO platform design in two formats: (i) SSP Base; and (ii) SSP Plus.  SSP Offshore has developed multiple applications for its product line including FPSO's, FSO's, FDPSO's, offshore logistic hubs and deepwater drilling vessels. Visit the company's website at www.sspoffshore.com for more information.

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Neither the TSX Venture Exchange nor its Regulatory Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain elements of this press release may contain forward-looking statements and include reference to management's current expectation or belief in anticipated future events.  Investors are cautioned that any forward looking statements are subject to known and unknown risks and uncertainties, which may cause actual results to differ materially therefrom. 

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SOURCE: SSP Offshore Inc.

L. Daniel Wilson, President, at [phone] (phone); or via email at [email protected].