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MACSEA, Electric Boat Sign Development Agreement

Maritime Activity Reports, Inc.

January 13, 2004

MACSEA Ltd, a provider of software agent technology for prognostic machinery health monitoring, has signed a Co-Operative Research and Development Agreement with Electric Boat Corporation (A General Dynamics Company) of Groton, Conn. The goal is to further develop and demonstrate advanced technology for real-time maintenance decision-making in support of a minimum manned, highly automated and networked information infrastructure on future Navy ships. Key technology development areas include wireless sensors, neural network-based diagnostics/prognostics, and intelligent software agents. One outcome of this research will be prognostic agents capable of operating in a wireless environment to satisfy the Navy’s Condition Based Maintenance (CBM) philosophy of the future, particularly with respect to systems being installed on the new Virginia class submarine being built by Electric Boat. “Embarking on research and development with prognostic agents and wireless technology while enhancing CBM for the US Navy with the largest builder of submarines is truly exciting" says James Marino – Manager of Sales and Strategic Business Alliances.

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