February 10, 2011 / 4:10 PM / 7 years ago

UPDATE 1-Rutter wins $1.3 mln order from spill-response agency

* Delivery will begin immediately

* Shares up 8 pct (Adds details)

Feb 10 (Reuters) - Canada’s Rutter Inc struck a $1.3 million deal with an oil-spill response agency to deploy its Oil Spill Detection and Management Systems in the U.S. offshore oil industry, sending its shares up 8 percent.

“This purchase by Marine Spill Response Corporation is intended to enhance offshore skimming capabilities during night time,” Rutter CEO Fraser Edison said.

Most of these units will be deployed on boats and barges operating in the Gulf of Mexico, the company said.

Last year, a Transocean rig — drilling for BP’s Macondo well in the U.S. Gulf — sank after a blow-out causing the oil spill that shattered the oil and gas industry.

Since the spill the U.S. government has tried to be more hands on in deploying technologies to keep a check on avoiding such accidents in the future.

The company said the delivery of the detection systems will begin immediately, and is anticipated to be completed in April.

Rutter’s Oil Spill Detection and Management Systems are currently deployed on vessels operating in Brazil, Norway, Egypt and the United States.

Shares of the company, which have been trading under 10 Canadain cents for the past 52-weeks, rose 0.5 Canadian cents to C$0.065 on the Toronto Stock Exchange. (Reporting by Thyagaraju Adinarayan in Bangalore; Editing by Don Sebastian) ((thyagaraju.adinarayan@thomsonreuters.com)(within U.S. +1 646)(223 8780)(outside U.S. +91 80 4135 5800)(Reuters Messaging:)(thyagaraju.adinarayan.thomsonreuters.com@reuters.net )

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