OCTOBER 21, 2013 — Classification society ABS has formed an Asset Performance Management Group (APMG).

The new organization integrates several existing services into a single team focused on complete life cycle performance services that complement traditional classification services.

"The future of classification requires ABS to work with our members and clients in a more collaborative, more efficient and less intrusive way," says ABS Chairman and CEO Christopher J. Wiernicki. "To effectively meet the needs of the marine and offshore industries, we are continually seeking ways to better integrate our traditional classification services with innovative concepts, tools and practices."

The new APMG will bring together:

• ABS Operational and Environmental Performance - Responsible for assisting clients with operational performance, energy efficiency and environmental performance
• ABS Nautical Systems Product Line - Provider of asset management solutions for the marine and offshore industries through the NS5 Enterprise software suite
• Asset Integrity Management - Assists clients in developing life cycle management programs that address reliability, technical integrity and safety

ABS says the realignment will improve life cycle services in the areas of asset performance and management and will "also will drive the development of new class and asset integrity management capabilities and maintain the high standards expected from the ABS Nautical Systems Product Line. Nautical Systems is a vital component of the integrated class service offering of the new APMG."

"Nautical Systems has been and will continue to be a key differentiator for ABS in both the marine and offshore sectors," says Mr. Wiernicki. "No other classification society has the ability to bring together such a wide breadth of services to compliment traditional class needs."

Howard Fireman will lead the team as Senior Vice President, Asset Performance Management and will serve as President, Nautical Systems Product Line. He has been leading ABS efforts to expand services in the areas of vessel performance, energy efficiency and environmental compliance. Mr. Fireman joined ABS in February 2013 after a distinguished 35 year career with the Navy including the role as Chief Naval Architect.

Stephen Schwarz will be joining ABS as Vice President and Chief Operating Officer for the Nautical Systems Product Line. He comes to ABS from SunGard, a leading software and technology service company, where he served as Head of Product Management, Global Customer Service and IT Operations.

Director of Asset Integrity Management Chris Serratella also will be part of the new team.

"With the strength of the APMG team members, the addition of Stephen's commercial IT experience and the strong marine background Howard brings to the table, ABS will be able to deliver tremendous value to the marine and offshore industries," Mr. Wiernicki says. "We are a mission-driven organization that remains focused on always improving the quality of the services and products we deliver to our members and clients."