Case Study — Evidence Sourced

The Seakeeper Genesis Event

A Seakeeper SK2 marine stabilizer — installed during vessel production under Seakeeper’s direction — experienced severe corrosion within approximately two years of service. Warranty coverage excluded corrosion. A systems integrator solved the problem and developed a methodology. This is the documented record of what happened next. All statements below are sourced from public court filings and authenticated evidence.

~24 mo
Time to severe corrosion (production-installed unit)
EXCLUDED
Warranty coverage — corrosion not covered per Seakeeper policy
$2.4M+
Accounts receivable tied to vessels embodying the integration methodology
17,764
Bates-stamped evidence documents in the record

1. Product Failure (2022)

In early 2022, a Seakeeper SK2 gyroscopic stabilizer installed in a 2020 Cobia 330 DC was found to have experienced severe corrosion and system degradation within approximately two years of service. The unit was installed during vessel production under Seakeeper’s direction at the manufacturer’s facility — as confirmed in writing by Maverick Boat Group’s Director of Customer Care: “Seakeeper directed and installed at our facility this unit during production.” (Tripper Vincent, MBG, May 4, 2022 — CMR-THREATS-000154).

The condition was determined not to be covered under warranty — Seakeeper’s warranty policy excludes corrosion damage. The proposed resolution was participation in a discounted trade-in program rather than repair or replacement.

The vessel owner raised the prospect of litigation against Seakeeper, Cobia/Maverick Boat Group, and Marine Connection. That dispute created the circumstance that brought CJS (Starboard Yacht Group) into the picture as an independent marine refit and engineering consultant.

Seakeeper SK2 corroded pipe fittings — production-installed unit, Cobia 330 DC, 2022
Evidence Photo 1: Corroded pipe fittings beneath production-installed SK2 unit. May 3, 2022. CJS personal documentation.
Corrosion and marine growth at Seakeeper SK2 hull mount point — Cobia 330 DC, 2022
Evidence Photo 2: Corrosion and marine growth at SK2 mount point. Measuring tape documents scale. May 11, 2022. CJS personal documentation.
Seakeeper SK2 unit being crane-removed from Cobia 330 DC at Starboard Yacht Group, April 2022
Evidence Photo 3: SK2 unit being crane-removed from Cobia 330 DC at Starboard Yacht Group (signage visible). Unit rendered non-operational by corrosion within approximately two years of production installation. April 25, 2022.
Removed Seakeeper SK2 unit on pallet with serial number visible, April 2022
Evidence Photo 4: SK2 unit on pallet after removal. Serial number visible. SYG subsequently re-engineered the vessel with Humphree interceptors — the integration methodology that restored performance.

2. Systems Integration Solution

CJS was engaged to diagnose and address the issue. The solution implemented was not a simple unit replacement. The failure was evaluated at its root: placement geometry, ventilation pathways, and saltwater exposure patterns in the specific hull configuration.

The corrective approach re-engineered the system: integrating the Seakeeper gyroscopic stabilizer with Humphree interceptor ride control systems, adjusting placement based on vessel dynamics, weight distribution, and real-world operating conditions.

The result was restoration of vessel functionality and improved operational performance.

CJS performing diagnostic and corrective system integration work, May 2022
Evidence: CJS performing diagnostic and corrective system integration. May 3, 2022.
Cobia 330 DC HIN plate CBADF001A020 — vessel identification
Evidence: Vessel HIN plate — CBADF001A020. Same vessel referenced in Saint Tony LLC v. Maverick Boat Group (1:22-cv-24183, S.D. Fla.). Feb 24, 2022.

3. The Integration Methodology

The approach applied in resolving this issue reflected and further validated a broader methodology: treating stabilization systems as part of a multi-system performance environment, integrating ride control to offset dynamic effects of gyro placement, and designing installation geometry based on real-world vessel use.

This methodology constitutes the trade secrets at issue, as it reflects non-public engineering judgment and system-level integration logic developed through direct application.

Following successful resolution, CJS continued operating based on this model: making inventory commitments and investing personal labor and capital into vessels implementing this approach. This resulted in $2.4 million in accounts receivable and approximately $850,000 in personal labor and capital investment tied directly to vessels that physically embody the methodology.

“The evidence — the system configurations, the integration work, the physical implementation — is not just in documents. It is embedded in those vessels.”

— CJS, Prepared Statement (D. Md. 1:26-cv-01332-MJM)

4. Subsequent Events

What followed was not a single event. The documented record shows the following sequence of actions by separate entities occurring in close temporal proximity:

Dec 2, 2024
Seakeeper issues dealer non-renewal notice to SYG. Effective date: January 31, 2025. This eliminated SYG’s primary marine stabilization product line.
Jan 31, 2025
Safe Harbor Marinas — marina access restriction takes effect on the same date as the Seakeeper termination. SYG loses physical access to its vessels and workspace.
Feb 2, 2026
Seacoast National Bank files vessel foreclosure action (0:26-cv-60289-WPD). The vessels physically embodying the SYG methodology become subject to potential seizure and sale.
Present
The vessels remain in default. Their transfer or disassembly would eliminate key evidence and expose proprietary methodologies — causing irreparable loss not recoverable through monetary damages.

5. Identical Corrosion Pattern — M/V Octopussy

The same vessel owner — Steven Ivankovich — who directed the Cobia transaction also managed the M/V Octopussy, a 100+ ft vessel equipped with three Seakeeper SK35 units (combined value: $574,000+). The Octopussy exhibited an identical corrosion pattern:

Atos hydraulic solenoid valves — severely corroded. Seakeeper gyroscope mounting hardware — corroded through. Pipe fittings and cooling lines — corroded beyond operational use. The same product category, the same failure mode, on a vessel managed by the same individual.

This documented pattern across multiple Seakeeper-equipped vessels, connected to the same owner/manager, is relevant to understanding the broader context of the product performance issues and subsequent litigation.

The M/V Octopussy was subsequently launched and departed U.S. waters. The vessel represented over $850,000 in SYG labor and capital investment plus accounts receivable owed to multiple parties. Its departure from U.S. jurisdiction affected the ability of creditors with legitimate claims to access the collateral.

Atos hydraulic solenoid valves — corroded on M/V Octopussy SK35 installation
Evidence: Atos hydraulic solenoid valves on Octopussy SK35 system — severe corrosion documented.
Detail of corroded Atos hydraulic components on M/V Octopussy Seakeeper SK35
Evidence: Detail view of Atos hydraulic system corrosion.
Seakeeper SK35 unit with WARNING label visible and corrosion on mounting bracket and pipes
Evidence: Seakeeper SK35 gyro unit (WARNING label visible) with corroded mounting hardware and pipe fittings. M/V Octopussy.
Seakeeper mounting bolt corroded through on M/V Octopussy
Evidence: Mounting bolt corroded through. M/V Octopussy.
Corroded pipes and marine growth visible through bilge access on M/V Octopussy
Evidence: Bilge access showing corroded pipes and marine growth around Seakeeper cooling system. M/V Octopussy.
M/V Octopussy on travel lift at Harbour Towne Marina
M/V Octopussy on travel lift at Harbour Towne Marina. Same vessel owner, same Seakeeper product line, same corrosion pattern.

“The same product, the same corrosion pattern, on vessels managed by the same individual. The Cobia SK2, the Octopussy SK35 units — the documented record shows a consistent product performance issue across multiple installations connected to the same transaction chain.”

— Documented across court records in multiple jurisdictions

6. Significance

This case study documents matters of public interest:

Product Performance: A production-installed marine stabilizer experienced severe corrosion within approximately two years of service in a saltwater environment — its intended operating context.

Warranty Coverage: Corrosion was excluded from warranty coverage despite the unit being installed during production under the manufacturer’s direction. The only proposed resolution was a discounted trade-in.

Evidence Preservation: Vessels containing proprietary integration methodology are currently subject to foreclosure proceedings. Their transfer or disassembly would eliminate physical evidence of the methods developed and cause irreparable loss.

Temporal Proximity: Dealer termination, facility access restriction, and vessel foreclosure occurred in sequence within a defined time period, each affecting the same business.

7. The Expertise Question — Public Interest

Seakeeper has argued in federal court (1:26-cv-01332-MJM) that SYG’s continued presence “harms their brand” and “confuses” consumers who may believe SYG remains a certified dealer. The factual record tells a different story: SYG earned Seakeeper Dealer of the Year for the Americas (2021) and Humphree Dealer of the Year for the Americas — both awards recognizing the highest level of technical expertise, sales performance, and installation quality in the Western Hemisphere. A termination letter does not erase 30+ years of systems integration expertise. No party has a time machine. No court order can retroactively delete earned credentials. The public is served by having access to the actual experts — not by silencing them.

The Real Confusion: The confusion Seakeeper complains of exists precisely because SYG is genuinely the expert. Consumers seek out SYG because of demonstrated competence — not because of a logo on a webpage. The solution to that “confusion” is not to silence the expert. It is to explain why the manufacturer terminated its best-performing dealer while simultaneously filing litigation 1,000 miles from home.

SYG continues to operate as a marine systems integrator through Salty Marine, delivering Seakeeper stabilization, Humphree ride control, and proprietary SALT START™ Sodium Ion Battery technology — engineered specifically for the marine power demands that support these integrated systems. The expertise is not theoretical. It is actively deployed.

Related Court Proceedings

1:26-cv-01332-MJM
Seakeeper v. SYG — D. Maryland
0:26-cv-60289-WPD
Seacoast v. M/V Slow UR Roll II — S.D. Fla.
0:26-cv-61150-PAB
CJS v. Ivankovich et al. — RICO (S.D. Fla.)

The Evidence Speaks for Itself

If you are a creditor, former partner, or affected party in the Ivankovich enterprise pattern, your experience may be part of the documented record.

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