Futuristic, All-Composite 53m Trimaran "Galaxy of Happiness" On Display at 26th Monaco Yacht Show

(PresseBox) (Zürich, ) Gurit, a worldwide leader in advanced composite engineering and materials, is pleased to congratulate Latitude Yachts on the successful completion of the first two "Galaxy" 53m Trimarans.

The 26th Monaco Yacht Show, September 28 to October 1, 2016, is the first international boat show where one of the two sister ships, Galaxy of Happiness, will be open to the sailing and superyacht community to tour the boat.

Designed by Coste Design & Partners, "Galaxy" and "Galaxy of Happiness" have been built in a record time of only 2.5 years. Launched in Riga, Latvia, in May 2016, the two Trimarans perform with excellence reaching their designed top speed of 30 knots as well as top level comfort and technology.

Galaxy and Galaxy of Happiness have been built in parallel at the Latitude yard in Riga, Latvia. The yard covered all composite production, systems and engine installations as well as interior and outer finishing. The two, all-composite sister trimarans were built from Gurit SPRINT™ prepreg material moulded in glass and carbon composites and featuring Corecell™ M foam. Gurit Corecell™ provides a combination of high shear strength with low density, high elongation, high temperature resistance and low resin uptake. The material is the perfect choice in slamming area and has also been used in the superstructure, hull and multiple decks. For the secondary bonding, Gurit Ampreg 22 and Spabond 340LV were used.

Most of the parts of both trimarans were built in one piece at once, including the 53m long hull with engine foundations. During construction, Gurit paid numerous on-site visits to support the manufacturing process and to discuss complex areas of the construction in more detail with the builders.

Commenting on the achievement, Valdis Irbe, Chairman of the Board and CEO of Latitude Yachts said: "Taking Gurit on board for the entire composite material package supply and process support was a perfect decision and very much helped us achieving such a great result. Gurit's team was always there when needed and delivered beyond expectations."

Forward-looking statements:

To the extent that this announcement contains forward-looking statements, such statements are based on assumptions, planning and forecasts at the time of publication of this announcement. Forward-looking statements always involve uncertainties. Business and economic risks and developments, the conduct of competitors, political decisions and other factors may cause the actual results to be materially different from the assumptions, planning and forecasts at the time of publication of this announcement. Therefore, Gurit Holding AG does not assume any responsibility relating to forward-looking statements contained in this announcement.

Gurit Holding AG

The companies of Gurit Holding AG, Wattwil/Switzerland, (SIX Swiss Exchange: GUR) are specialized on the development and manufacture of advanced composite materials, related technologies and select finished parts and components. The comprehensive product range comprises fiber reinforced prepregs, structural core products, gel coats, adhesives, resins and consumables. Gurit supplies global growth markets with composite materials on the one hand and composite tooling equipment, structural engineering and select finished parts on the other. The global Group has production sites and offices in Switzerland, Germany, Hungary, Italy, Spain, the U.K., Canada, the U.S.A., Brazil, Ecuador, Australia, New Zealand, India and China. For more information, please visit www.gurit.com


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