Springsteel Joins Liquid Robotics as CFO

(Press Release) February 13, 2012

Liquid Robotics, an ocean data services provider and developer of the first wave-powered Wave Glider marine today announced that Steven R. Springsteel, former CEO of Chordiant Software Inc. and President/CFO of Verity, has joined the company as Chief Operating Officer (COO) and Chief Financial Officer (CFO). Reporting directly to Bill Vass, CEO and President of Liquid Robotics, Springsteel will be responsible for all business operations and financial matters. Furthermore, he is tasked with scaling the company, growing the data services business and expanding Liquid Robotics' strategic industry partnerships in the oil & gas, defense, and science markets worldwide. The addition of Springsteel comes at a time when the company is experiencing rapid growth in its customer base, adding strategic new hires and expanding company operations. His position is effective immediately.

"I'm very pleased to have Steve join our executive team," said Vass. As a highly accomplished software executive, his demonstrated success in recruiting and building strong organizations as well as his extensive experience with IPOs and merger & acquisitions is extremely valuable as we position the Company for long term growth and profitability."