Wednesday, April 5, 2017, 1:00 PM (ET), Navtec Rigging Solutions, Inc. - Intellectual Property & Inventory

VIEW LOT CATALOG By Order of the Secured Creditor, Assets of Navtec Rigging Solutions, Inc., Including: Intellectual Property, Inventory and Specialty Machinery. Guilford, Connecticut - USA Note To Bidders: A $5,000 registration deposit will be required by all bidders for this auction, prior to being approved for bidding. Please register early and submit deposit to avoid last minute approval problems. FEATURING INTELLECTUAL PROPERTY - INVENTORY - SPECIALTY MACHINERY Intellectual Property Trademarks/Brands: Navtec, Navtec Rigging Solutions, Inc.Norseman Gibb, TFC, Navtec AT Cable Product Line Information For: Hydraulic, Carbon, Norseman Gibb, Rod Rigging and Fiber, Including: Product Drawings, Blue Prints, Process Sheets, Vendor Information, etc. Inventory Hydraulic: Approximately $650,000, Un-Audited. Carbon: Approximately $45,000, Un-Audited. Norseman Gibb: Approximately $320,000, Un-Audited. Rod Rigging: Approximately $1.1 Million, Un-Audited. Fiber: Approximately $300,000, Un-Audited. Specialty Machinery Navtec Custom Heading Press (-540), Hydraulic, 600 Ton, 2" Bar Capacity Navtec Custom Heading Press (-91), Air Over Hydraulic, 7/8" Bar Capacity, Mounted on Blue Cart Navtec Custom Heading Press (-76), Hydraulic, 10,000 PSI Navtec Custom Heading Press (-60), needs repairs 2005 Navtec Fiber Winding Machine Model WBP-1-4-120-OMNIPC S/N J2485, 100' Winding Bed w/ Powered Taping Carriage, 100' Braiding Bed w/ Tail Stock and Heat Stock, Manually Operated, 64 Spool Capacity Braider Moved on Tracks Navtec Custom Rod Straightener w/ 5' Diameter Horizontal Payoff Reel, (2) Hydraulic Straightening Heads, (1) Brand New Straightening Head in Crate Navtec Custom Carbon Rigging Equipment Consisting of (4) Testing Benches, (4) Lead Weight Racks, (7) Heating Benches, Assorted Dies and Inserts Navtec Custom Hydraulic Pull Tester, 200,000 Lb Capacity, 2-Load Cells, 3-Hydraulic Cylinders Enclosed in 5' x 20' Wooden Case w/ Top Covers, Acu-Rite III DRO, CIB Day & Night Color Camera System, Hydraulic Pump Unit, PC Based Controls Tinius Olsen Tensile Tester, 60,000 lb. Tester (2) Navtec Custom A-Frame Hydraulic Pressure Testers Navtec Custom Hydraulic Pressure Tester for Cylinders AUCTION FORMAT Auction Type: Online Auction - All Items Subject To Prior Sale. Auction Status: Bidding Open!!! Click Here to View Lot Catalog and Submit Bids Now!!! Bulk Bid Offering: All items will be listed individually. Following the bidding of the individual items a bulk bid lot will be offered including all items. The individual bids will be totaled and the Bulk Bidding will start at an increment 10% higher than the sum of the individual bids. If a Bulk Bid is received the individual bids will be voided and the Bulk Bidder will prevail. Items Subject to Prior Sale: All items in this auction are subject ot prior sale. Serious inquiries contact Tom Gaglairdi III at 203-458-0709 x102 SHIPPING - RIGGING Buyers are fully responsible for all rigging and shipping costs. We strongly recommend all buyers to get rigging quotes prior to bidding and bid accordingly. For Rigging Quotes Contact: Pedowitz Machinery Movers Ray Brunelle P: 917-939-2975 TERMS & CONDITIONS Bidder Approval. All bidders wishing to participate in this auction will be required to submit a refundable $5,000 registration deposit prior to being approved for bidding. Please register at least 24 to 48 hours prior to the auction in order to insure bidder approval prior to the auction. Contact Irina Lekmus at 203-458-0709 x108 to coordinate your deposit. Currency: (USD). This auction will be conducted in United States currency (USD) Buyer's Premium: 15% Staggered Closing Times: Lots Have 60-Second Staggered Closing Times. Auto Extend Bidding: If a bid is submitted with less than 3-minutes remaining, the closing time for that lot will be extended by 3-minutes. Payment Due In Full: Friday, April 7, 2017. In the event the assets are sold to a Bulk Bidder, a 25% deposit will be due Friday, April 7, 2017 and the balance will due in full no later than Friday, April 14, 2017. Payment Types: Certified Check or Wire Transfer As-Is Where-Is: All Items Are Sold "As-Is Where-Is" With No Warranty or Guarantee of Operating Condition. Auctioneer Strongly Recommends That Buyers Inspect Equipment Prior to Bidding. Removal: All items must be removed by Friday, April 21, 2017. NO EXCEPTIONS. Removal Hours: 9 AM to 4 PM (M-F). Removal Costs: Buyers are fully responsible for all cost to remove their purchases. Please get removal quotes prior to bidding and bid accordingly. Legally Binding Contract: All bids constitute a legally binding contract and bidders will be legally obligated to make payment and remove items in accordance with the terms and conditions of the sale.