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CLIENT SURVEY:

Tracerco Enters into Joint Venture With Dialog Systems Sdn. Bhd.

Date:04/07/2006

Tracerco announced today that it has entered into a Joint Venture agreement with Dialog Systems Sdn Bhd (Dialog Systems) to operate in the ASEAN region, India, South Korea. Tracerco, part of Johnson Matthey Plc's Catalysts Division, and Dialog Systems will combine their operations in the region to create Tracerco Asia Sdn Bhd and the new company will trade under that name. The agreement formalises the long history of technical and marketing collaboration between Tracerco and Dialog.

Tracerco Asia will initially employ around 20 people, the majority of whom are fully trained Field Service Engineers with expertise in Tracerco's range of technologies. The business will be headquartered in Kuala Lumpur, Malaysia with offices in Thailand, Singapore and Indonesia.

Commenting on the agreement Ken Pearson, Managing Director of Tracerco Asia said:
“Tracerco Asia will focus on the growing oil and gas, petrochemical and chemical market in South East Asia where there is a large customer base working in upstream oil and gas production and the downstream refining and petrochemical areas. Over the next ten years South East Asia will be an important growth market in the production of oil and gas through to petrochemicals and refining. The formation of Tracerco Asia allows us to offer our unique range of leading industrial technologies in process diagnostics, specialist measurement and fuel tagging on a truly local basis”.

Dialog Group Bhd, Dialog Systems' parent company, is listed on the Main Board of Bursa MaIaysia (formerly the Kuala Lumpur Stock Exchange). It is based in Kuala Lumpur with offices and facilities in Malaysia, Singapore, Thailand, Indonesia and Vietnam. It was established in 1984 and is a specialist technical services provider in the oil, gas and petrochemical industry from upstream to downstream activities. Dialog Group has business interests and customers throughout the Asia Pacific region. For more information on Dialog Group, visit its website at www.dialog.com.my.

Tracerco Asia's branding will reflect its customers existing association with its products and services. Tracerco Asia will retain Tracerco's existing brand structure; TRACERCO Diagnostics™ to designate the process diagnostics range of services and Tracerco™ Instruments for its range of specialist measurement solutions, measuring key parameters such as level, density and interface.

 
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