Benthos Receives Major Order for ROV System.NORTH FALMOUTH, Mass.--(BUSINESS WIRE)--March 3, 1998--Benthos, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BTHS BTHS Brooklyn Technical High School BTHS Barth Syndrome BTHS Bartram Trail High School (Jacksonville, Florida) BTHS Brick Township High School (New Jersey) ) announced today that it has received a $900,000 order from Canyon Offshore, Inc. for an upgraded version of the Company's popular Openframe Remotely Operated Vehicle Remotely operated underwater vehicles (ROVs) is the common accepted name for tethered underwater robots in the offshore industry. ROVs are unoccupied, highly maneuverable and operated by a person aboard a vessel. (ROV ROV Remotely Operated Vehicle ROV Real Options Valuation ROV Return on Value ROV Range of View ROV Rostov, Russia - Rostov (Airport Code) ROV Roll-Over Valve (automotive fuel tanks) ROV Range of Value ) system. The new system, dubbed Openframe Manta, will be used for a variety of underwater inspections and light-duty work tasks. This upgraded version will be specially modified to extend its depth capability to 1,000 meters (3,281 feet) and will be supplemented by a topside control van as well as a complete launch and recovery system. Production will begin immediately with delivery scheduled for the Summer of 1998. The Benthos benthos: see marine biology. Openframe Manta is a cost-effective alternative to larger, more expensive work vehicles. Canyon, headquartered in Houston, Texas, with primary operations in the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east , chose the system based on the successes they have experienced with other Benthos ROV systems. In making today's announcement, John L. Coughlin, Benthos president and chief executive officer, stated, "We look forward to working with Canyon Offshore and are confident that we can fulfill their needs as they strive to become a leading service contractor. With our highly reliable Openframe ROV, geophysical hydrophones, and growing reputation in the offshore oil and gas industry, we believe our products will continue to see expanded use in this arena." Benthos, Inc., through its Undersea Systems Division, designs, manufactures, sells, and services a variety of oceanographic and robotic equipment for undersea exploration and research; and through its TapTone(R) Container Inspection Division markets 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 http://www.benthos.com. CONTACT: Company: Peter Zentz Corporate Communications Manager Benthos, Inc. 508-563-1000 or Investor Relations Investor relations The process by which the corporation communicates with its investors. : The Foristall Company, Inc. 130 Water Street, Suite 4M New York, New York 10005 T.F. Curtin/L.E. Foristall 212-797-4646 |
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