SUBMARINE DESIGNER SELLS TO HOUSTON FIRM.Byline: Daily News VALENCIA - A local designer of remote control submarines used to explore and film such historic shipwrecks as the Titanic in waters some three miles deep has sold its technology and assets to a Houston-based company. Oceaneering International officials said Monday it has acquired the SpiderBOT 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. system and other assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. from Valencia-based Dark Matter LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . The terms of the sale were not disclosed. ``We are particularly enthusiastic about the capabilities offered by this new technology,'' Duncan McLean, vice president and general manager at Oceaneering Technologies, said in a statement. ``It will complement Oceaneering's larger work class ROVs and minimize their exposure to damage during difficult subsea Subsea is a general term frequently used to refer to equipment, technology, and methods employed to explore, drill, and develop oil and gas fields that exist below the ocean floors. This may be in "shallow" or "deepwater". operations.'' The SpiderBOT is highly maneuverable and can perform complex operations in waters up to 20,000 feet. A small fiber-optic tether tether to tie an animal up by the head or neck so that it can graze but not move away. See also barton tether. allows communication between the vehicle and its operators, and can transmit high-resolution video images. McLean said the company plans to offer these machines to oil field and government clients, for uses including inspection of subsea equipment, search and recovery operations and security at piers. Oceaneering provides engineered services and hardware for use in marine, space and other harsh environments. Its products are sold worldwide to oil and gas companies, government agencies and firms in the telecommunications, aerospace and construction industries. The company is listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . |
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