Cargotec Forms Port Security Subsidiary

Cargotec Corporation has formed a subsidiary, Cargotec Port Security, to develop enhanced container security solutions that do not compromise the efficiency of container flow through ports. Cargotec has been exploring and investing in the area of radiation detection in container security for the past two years through its subsidiary Bromma Conquip AB, the world leader in container spreaders. Bromma has entered into an exclusive global technical licensing agreement with US-based Innovative American Technology, one of the few firms able to help terminals meet the technical requirements regarding isotope identification and measurement of isotope characteristics incorporated in recent security legislation in the United States.