Des Nedhe signs MOU with Hanwha Ocean of Korea

November 3, 2023

Ottawa, Ontario, Canada

Today, Hanwha Ocean based in Korea signed Memorandums of Understanding (MOUs) with four Canadian partners for long-term cooperation on the Canadian Patrol Submarine Project (CPSP):

• The MOU with CAE (Montreal, Quebec) is related to software-based training and critical operations support solutions.
• The MOU with Modest Tree (Halifax, Nova Scotia) is related to immersive training and digital twin solutions.
• The MOU with Des Nedhe Group (Saskatoon, Saskatchewan) is related to economic sustainability.
• The MOU with J Squared Technologies (Ottawa, Ontario) is related to critical capabilities for sea platforms.

Hanwha Ocean has delivered the KSS-III(also known as Jangbogo-3), the most capable ocean-going, diesel-electric submarine, to ROK Navy  from 2021. Jangbogo is the only in-service platform that meets RCN’s operational demands and timeline for the Canadian Patrol Submarine Project.

Quotes

“We see significant opportunities for synergies between Hanwha Ocean and these Canadian partners – CAE, Modest Tree, Des Nedhe Group and J Squared Technologies. With the signing of these MOUs, Hanwha can begin developing strategic relationships with these partners, which will also enhance and strengthen the relationship between Korea and Canada.”

• Yong Ook Lee, Chief Operating Officer, Naval Ship Business, Hanwha Ocean

“We look forward to working with Hanwha Ocean on the Canadian Patrol Submarine Project. Partnering with a company like Hanwha on a proven platform like the Jangbogo is a great opportunity for all of our businesses to expand into a new market.”

• France Hébert, VP and General Manager, Defence & Security Canada, CAE; Emily Smits, CEO of Modest Tree; Sean Willy, President & CEO, Des Nedhe Group; Tom Kelley, COO, J-Squared Technologies.

About Hanwha Ocean (www.hanwhaocean.com)

Started in 1973 at Okpo Bay, Geoje Island, located on the southeastern tip of the Korean Peninsula, the shipyard was completed in 1981. It has been grown into the world’s premium shipbuilding and offshore contractor, which is specialized in building various vessels, offshore platforms, drilling rigs, FPSO/FPUs, submarines, and destroyers.

Since 1983, Hanwha Ocean has developed and delivered submarines (include overhauls and Performance Improvement Programs) to ROK Navy as well as a foreign navy of total 53. Especially, the first Jangbogo-3(ROKS Dosan Ahn Chang-ho), which was indigenously designed and built in Korea, was delivered to ROK Navy in 2021 and sister ships are under construction. 

With the state-of-the-art proven platform, Hanwha Ocean eyes on the global submarine business.

About CAE (www.cae.com)

At CAE, we equip people in critical roles with the expertise and solutions to create a safer world. As a technology company, we digitalize the physical world, deploying software-based simulation training and critical operations support solutions. Above all else, we empower pilots, cabin crew, airlines, defence and security forces and healthcare practitioners to perform at their best every day and when the stakes are the highest. Around the globe, we’re everywhere customers need us to be with more than 13,000 employees in approximately 250 sites and training locations in over 40 countries. CAE represents more than 75 years of industry firsts—the highest-fidelity flight, mission and medical simulators and training programs powered by digital technologies. We embed sustainability in everything we do. Today and tomorrow, we’ll make sure our customers are ready for the moments that matter.

About Modest Tree (www.modesttree.com) 

Modest Tree is an award-winning integrated digitalization company specializing in the provision of modeling, training, and simulation solutions that help Original Equipment Manufacturers (OEMs) employ immersive technologies. Modest Tree’s award-winning software and solutions are leveraged by fortune 500 OEMs and defence leaders in their operational processes and training programs.

About Des Nedhe Group (www.desnedhe.com)

Established in 1991 by English River First Nation (ERFN), the Des Nedhe Development Corporation was designed to grow sustainable employment and business opportunities for ERFN community members. Now, driven by our purpose, rooted in our character, and led by a team of experts, Des Nedhe Group has grown into a national leader in Indigenous entrepreneurship and economic development – a diverse collective of Indigenous-owned businesses dedicated to creating lasting change in Indigenous communities and corporate supply chains across Canada.

About J Squared (www.jsquared.com)

J-Squared has over 30 years of experience exceeding operationally demanding performance environments and serving a broad base of markets including industrial, transportation, medical, communications and military. This foundation, combined with our focus on continuous improvement and exemplary customer service, has resulted in extensive success across multiple industries and markets. Our high level of standards and certifications, internal improvement strategies and external acquisitions methodologies are guided by our core principle to exceed customer expectations.

Media Contact

Keelan Green, green@prospectus.ca, 613-220-2016