Benthos Modems Chosen for Tsunami Warning Systems.
A substantial majority of these orders is for wireless underwater acoustic communication components that will be integrated into systems for U.S.-based tsunami warning initiatives. The components include subsea and surface modem electronics, which will be used to outfit additional tsunami buoys to provide improved coverage to the United States coastline and the Pacific and Caribbean basins.
A smaller portion of the orders is for the Benthos SMART Release SR-100, which is a combined modem and acoustic release product. These will be used as the underwater acoustic communication and recovery solution for a commercially available tsunami warning system. The SR-100's internal modem electronics will provide a wireless acoustic communication link that transmits data from pressure recorders on the seafloor that detect the increased pressure of a tsunami to surface buoys. The SR-100's release mechanism also provides the ability to retrieve entire subsea units for maintenance and servicing on an ongoing basis. These tsunami warning systems will be installed in East Asian waters.
Commenting on these orders, Benthos President and CEO, Ronald L. Marsiglio said, "We are pleased that Benthos modems continue to be chosen for mission-critical, wireless underwater communication solutions. It is also encouraging to see commercially available turnkey tsunami warning systems going to parts of the world that have not had access to this technology until now. It is obvious from recent events that much of the world could benefit from such systems."
Benthos, Inc., through its Undersea Systems Division, designs, manufactures, sells and services a variety of oceanographic products for underwater tasks; and through its TapTone Package Inspection Systems Division makes systems for testing consumer packages made of glass, metal or plastic. The common stock of the Company is traded on the Nasdaq SmallCap market under the symbol "BTHS". For more information, Benthos can be found on the Internet at www.benthos.com.
Forward Looking Statements
The statements in this news release relating to plans, strategies, economic performance and trends and other statements that are not descriptions of historical facts are "forward-looking statements" within the meaning of the Federal Securities Laws. The Company believes that such statements are reasonable and are based on the beliefs of the Company's management as well as assumptions made by and information currently available to Company management. However, actual results could differ materially from those currently anticipated due to a number of factors that include: the timing of large project orders, competitive factors, shifts in customer demand, government spending, economic cycles, regulatory changes and other factors. More information about these factors is contained in the Company's filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results or outcomes may vary materially from those described herein. The Company does not undertake and expressly disclaims any obligation to update or alter its forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.