Benthos Receives Second Major Order for Manta ROV System.NORTH FALMOUTH, Mass.--(BUSINESS WIRE)--Jan. 25, 1999--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 second $1 million order for its Manta 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 from Canyon Offshore, Inc. of Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the . The Manta system will be jointly operated by Canyon Offshore and Coastal Diving Services Ltd. of Marabella, Trinidad, West Indies. Manta, with a depth capability of 1500 meters, represents a new generation electrically-powered, deep rated ROV system. It is being used for a variety of underwater inspections and light-duty work tasks. Canyon Offshore has already deployed its first Manta system which was shipped in August of 1998. Canyon Offshore and Coastal Diving Services also utilize two other Benthos benthos: see marine biology. ROV systems. Canyon is rapidly becoming one of the leading oilfield service companies The list of oilfield service companies includes companies that provide services to the petroleum exploration and production industry but that do not typically produce petroleum themselves. operating 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 , the Caribbean and Southeast Asia. In making today's announcement, John L. Coughlin, Benthos President and Chief Executive Officer, stated, "We are pleased that Canyon Offshore is adding another Benthos ROV to its fleet of ROV systems and appreciate the vote of confidence of both Canyon Offshore and Coastal Diving Services. We hope to continue supplying them with our technologically advanced systems as they grow their business on a global scale." 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. The statements in this news release and in oral statements which may be made by representatives of the Company relating to plans, strategies, economic performance and trends and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Federal Securities Laws. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors which include: the timing of large project orders, competitive factors, shifts in customer demand, government spending, economic cycles, availability of financing as well as the factors described in this news release. 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 as anticipated, believed, estimated, expected or intended. |
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