| Press Releases - October 2005
October 31, 2005- Oceaneering Announces Record Quarterly Earnings
October 27, 2005- TheDeepDiver.com Offers Free Job Posting Submissions to the Diving Industry
October 18, 2005- Perry Slingsby Systems Receives Contract from Geoconsult AS for one ROV System
October 17, 2005- Oceaneering Announces Largest ROV Contract Award
October 14, 2005- Schilling Robotics to provide two additional ROVs to Geoconsult
October 9, 2005- Remote-Controlled Vehicle to Continue Search for Derelict Gear in the Strait of Juan de Fuca
October 8, 2005- Key Pieces Of Crashed Helicopter Recovered
October 7, 2005- Coast Guard Successfully Tests MicroWing Conversion Kit For VideoRay® ROV's
October 5, 2005- Perry Slingsby Systems to Provide 3 Triton® XLS Systems to Canyon Offshore, Plus Options for 2 More
October 4, 2005- Honour for Submarine Rescue Heroes
October 1, 2005- Australian Sub Rescue Unit 'A Risk To Lives'
Past press releases are also available:
Current Press Releases
Date: October 7, 2005
Organization: NovaRay
Coast Guard Successfully Tests MicroWing Conversion Kit For VideoRay®
ROV's
Installing the Nova Ray® performance MicroWing was easy and quick. It took the place of the existing VideoRay® float. The vertical thruster propeller was exchanged with a worm drive that operated the elevator on the back of the Nova Ray® MicroWing. The MicroWing provided almost 2 lbs of buoyancy more than the VideoRay float so more lead was needed to keep the ROV neutrally buoyant.
Our first test, we towed the VideoRay® ROV with the Nova Ray® MicroWing in Lake Washington to simulate a 3 to 4 knott current. The ROV was stable and was able to be towed between 35ft (with 50ft of cable) and 95ft (with 230ft of cable). Under its own power it was able to descend deeper. While being towed, the ROV was able to travel up to 20 degrees off of the boats heading before returning to the boats original heading.
The ROV maintained a smooth and stable ride. Under its own power, the ROV with the Nova Ray® MicroWing provided a smooth and stable video. It was difficult to maintain a constant depth unless it was moving forward. The vertical thruster propeller was removed to operate the elevator. Therefore forward motion or a current is needed to dive, rise or maintain depth. We then took a road trip down to Portland Oregon to attempt a river trial in the Willamette River where we conduct normal ROV operations each year. Due to a high tide and lack of rain fall the river was not running at a current fast enough to utilize the MicroWing properly but we believe that had the current been greater we feel the outcome would have given us tool that would greatly enhance the operation.
The most effective use of the Nova Ray® MicroWing would help in keeping the ROV steady in a boat tow with a side-scanning sonar. This would allow for a good survey platform that can go and investigate any abnormalities without dropping any other gear in the water.
The ROV with the Nova Ray® MicroWing could be used to inspect the bottom of a barge or boat in a current. The ROV thrusters would have to be powerful enough to overtake the current. Or if running with the current, the tether could be repositioned to keep the ROV facing forward.
The Nova Ray® MicroWing could be modified to allow the forward camera to pan up for better visibility.
Tests were conducted by Martin Fairall and Jon Myers at the request of Marcus at VideoRay®. Contact info:
Jon R. Myers
Martin Fairall
US Coast Guard
MSST 91101
1519 Alaskan Way So.
Seattle, WA. 98134
206-217-6974
For more information:
http://www.novaray.com/novaray_microwing.htm
Nova Ray, Inc.
13600 NE 126 Place Ste. B
Kirkland, WA.
98034-8720 USA
Tel: 425-825-0654 Fax: 425-825-9364
www.novaray.com
sales@novaray.com
Date: October 17, 2005
Organization: Oceaneering International, Inc.
Oceaneering Announces Largest ROV Contract Award
Houston, TX - Oceaneering International, Inc. (NYSE:OII) announced it has obtained the largest ROV contract in Oceaneering's history. The expected contract base revenue to be received by Oceaneering is approximately $85 million over an initial three-year term. During this time Oceaneering will provide 11 work class ROVs, 11 observation class ROVs, and other associated services.
The contract was awarded by Statoil ASA (NYSE: STO) in the form of a Frame Agreement to replace prior agreements between Oceaneering and Statoil for the use of these ROVs. Terms of the contract contain higher dayrates than previously in effect and a provision for future dayrate escalations. The contract has three consecutive options for two-year extensions.
The scope of work in the Frame Agreement includes requirements that Oceaneering supply engineering services for planning offshore projects and the development and manufacture of specialized subsea equipment, on a requested basis. Fulfillment of these requests will result in additional revenues to Oceaneering.
John Huff, Chairman and Chief Executive Officer, stated, "This contract is indicative of the improving worldwide market conditions for ROVs. The fact we received this award from Statoil, the largest offshore operator in Norway, is a tribute to the quality service we provide and our reputation as the foremost ROV supplier in the world. This is a position we have achieved through our commitments to provide state-of-the-art equipment, highly trained personnel, and complementary engineering services and products.
"In addition to providing the ROVs under the Frame Agreement, we anticipate supporting Statoil's offshore programs with our abilities to provide proprietary computer simulations of planned subsea projects, engineering design services, and specialty built-to-order subsea products, including ROV tooling."
Oceaneering is an advanced applied technology company that provides engineered services and hardware to Customers who operate in marine, space, and other harsh environments. Oceaneering's services and products are marketed worldwide to oil and gas companies, government agencies, and firms in the aerospace and marine engineering and construction industries.
For further information, please contact Jack Jurkoshek, Manager Investor Relations, Oceaneering International, Inc., 11911 FM 529, Houston, Texas 77041; Telephone 713-329-4670; Fax 713-329-4653; www.oceaneering.com; E-Mail investorrelations@oceaneering.com.
Date: October 18, 2005
Organization: Perry Slingsby Systems
Perry Slingsby Systems Receives Contract from Geoconsult AS for one ROV System
 Perry Slingsby Systems (PSS), an international provider of remote intervention technologies and equipment systems, is pleased to announce that Geoconsult AS has recently exercised their option for an additional 3000 meter Triton® XLS system. Triton® XLS 16 is the first in a series of 150HP rated systems scheduled for delivery Q2 2006. Triton® XLS 16 will include the additional high -specification survey capability and enhanced thrust output that is a standard Geoconsult Triton® XLS configuration.
Martin Anderson, Managing Director and CEO, Perry Slingsby Systems, commented "We are very pleased to be supporting Geoconsult AS in meeting their ROV fleet expansion needs. Our field proven systems and history in robustness, reliability and on time delivery are clear contributing factors to Geoconsult AS's selection of PSS."
Perry Slingsby Systems, a member of the Technip Group, is an internationally recognized provider of remote intervention technologies and equipment systems. Perry Slingsby Systems focuses on six principal Business Lines: Remotely Operated Vehicles (ROVs), Trenchers and Robotics; Standard and Bespoke Tooling Systems; Support Services; Defense; Process and Control Products; Geotechnical and Seabed Systems. For nearly 50 years, from facilities in the US and in the UK, sales offices and agents around the world, Perry Slingsby Systems has solved customers' remote intervention challenges with design and engineering innovations that have become the benchmark for reliability and cost efficiency.
For further information, please contact:
PERRY SLINGSBY SYSTEMS, INC.
Natasha Trenorden - Business Planning & Marketing Systems
pssi@us.perrymail.com
821 Jupiter Park Drive, Jupiter, FL 33458
Tel: 561-743-7000
Fax: 561-743-1313
Internet: http://www.perryslingsbysystems.com
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