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ISE Awarded New AUV Development Contract

Maritime Activity Reports, Inc.

January 8, 2008

International Submarine Engineering Ltd was awarded a development contract in December, 2007 by Cybernetix S.A. of Marseille, France. The contract is to conduct the design and engineering work on a new Autonomous Underwater Vehicle (AUV) platform, known as SWIMMER. The contract comprises engineering Phase 1 of the SWIMMER project. Since 2001, Cybernetix has proven that the concept of using a hybrid AUV-ROV for inspection, maintenance and repair (IMR) tasks in deep water oil fields and remote locations are both feasible and economic. This concept deploys a dedicated AUV that is the shuttle, and is only one subsystem of the overall SWIMMER concept. The other component is a lightweight work Remotely Operated Vehicle (ROV) system to a deep water structure where it is fully capable of the tasks required of a traditional ROV. This vehicle system eliminates compounded costs involved with surface vessel transport and standby, as well as other costs that can be extensive such as deployment time, labor and handling.

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