Formation of New Company

Fisher (James) & Sons PLC
06 November 2006

For release                                                     06 November 2006



                            James Fisher & Sons Plc

                       ('James Fisher' or 'the Company')


          Formation of James Fisher Inspection & Measurement Services




James Fisher (FSJ.L), the marine services provider, announces the formation of a
new company, called James Fisher Inspection & Measurement Services (JFIMS), to
provide inspection and measurement services to the nuclear, defence and offshore
sectors and has appointed Dr Paul Read as its managing director, who joins from
British Nuclear Group, where he was managing director of its instrumentation
subsidiary, with extensive experience in the field of measurement and
characterisation technologies.


JFIMS, which will be based in Manchester and near Sellafield, is also
establishing partnerships with key product manufacturers and is pleased to
announce a strategic partnership with VJ Technologies Inc, a New York based
market leader in the provision of safe, state-of-the art inspection systems and
provision of X-Ray characterisation equipment for a broad range of applications
and demanding operating environments.


JFIMS will provide a broad measurement and inspection capability based on a wide
range of technologies, including optical, acoustic and X-Ray. The new company
will operate alongside James Fisher Nuclear and James Fisher Defence to enhance
the services offered to these key sectors.


Tim Harris, Chairman, James Fisher said:


'We see JFIMS as an important development in providing quality services to our
customers in the nuclear, defence and offshore sectors, and are delighted to
bring on board someone of Paul's experience and stature within the industry. He
has a proven track record of fulfilling customer needs in regulatory and quality
driven markets leading to very rapid and sustained profitable business growth.
JFIMS is already forming partnerships with key product manufacturers.'


Vijay Alreja, Director, VJ Technologies, said:


'James Fisher is a key component of VJT's European business plan and the
Company's commitment to the UK customer base, coverage and complimentary
capabilities make it an ideal partner to deliver our product to market and
provide lifetime support and operations personnel.'


Paul Read said:


'Changes in the nuclear and defence markets are leading to an increasingly open
competitive environment demanding greater emphasis on service quality, delivery
to programme and value for money. JFIMS is addressing this market opportunity
through innovation to meet customer needs. We are delivering for our customers,
utilising state-of-the-art JFIMS equipment with highly skilled and experienced
personnel trained within the industries they are now supporting. Feedback from
the market has been very positive and we are confident of achieving strong
organic growth.'




For further information please contact:

Nick Henry            Chief Executive Officer             James Fisher & Sons plc                  020 7338 5808
Dr Paul Read          Managing Director                   James Fisher Inspection & Measurement    07831 553 719
                                                          Services                                 0161 232 1414
Peter Binns                                               Adventis Financial PR                    020 7034 4760






Editors' notes


Offshore Oil Services

This division consists of companies based in Stavanger, Norway and Aberdeen,
which hires specialist equipment to the offshore oil industry, primarily in the
North Sea and increasingly in the developing oil areas of the former Soviet
Republic, Mexico, West Africa and elsewhere globally.


Specialist technical Services

Nuclear engineering activities were merged into one company, James Fisher
Nuclear in 2005, whose primary expertise is the design, manufacture and
operation of remote handling systems for nuclear decommissioning and ongoing
plant operations.


Defence

Recognised globally as a leader in submarine rescue and for providing commercial
skills to support ships engaged jn defence activities, highlighted by the rescue
of seven Russian submariners by a James Fisher team and equipment under Royal
Navy Command, now being actively marketed to a growing global market.




About VJ Technologies Inc

Founded in 1987, VJ Technologies Inc has developed safe, state-of-the-art X-Ray
inspection systems for an extensive range of technically challenging
applications and demanding operating environments. It provides outstanding
service and support, a dependable source of supply, and timely deliveries to its
customers. Its reputation for high quality products and exceptional service has
been earned by assisting its customers to achieve or exceed their performance
targets via their X-Ray solutions. Over the years, VJ Technologies Inc has been
recognized as a leader in this industry.


The government division of VJ Technologies covers the following:


  • Nuclear Waste Characterisation

  • Aircraft & Aerospace Component Inspection

  • Ordnance Inspection

  • Nuclear Fuel Quality Control

  • Safety Critical Component Inspection

  • Vehicle and Cargo Inspection


Specialty X-Ray systems are developed for munitions, waste management, etc.


VJ Technologies Inc is the world leader in the provision of nuclear waste
inspection systems and services utilizing advanced X-Ray imaging technologies.


VJ Technologies Inc is a world leader in the provision of X-Ray inspection
systems for the aerospace industry and other military branches. Systems are
primarily used for radioscopic inspection of aerospace components to detect
defects that include cracks, corrosion, inclusions, and water intrusion.
Inspection is applied to various components of helicopters, control rod ends,
aircraft propeller blades, and aircraft engine turbine blades.







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