New Release from ODIM Inc. - (02 October, 2006)
ODIM Inc. Completes Acquisition of Brooke Ocean Technology Limited
ODIM Inc. is pleased to announce that the acquisition of Brooke Ocean Technology Ltd. (www.brooke-ocean.com) has been successfully completed.
Brooke Ocean Technologies (BOT) head office is strategically located in Dartmouth/Halifax, Nova Scotia, Canada, and currently has 33 employees. The company has been involved with the design and development of oceanographic, naval and offshore equipment for harsh marine environments over the past 20 years and has exported hardware to clients around the world, including the USA, Australia, United Kingdom, China, Japan, Korea and Norway. The acquisition includes BOT USA Inc., a BOT subsidiary located in New Bedford, Massachusetts, USA, which is strategically located to support growth initiatives in the United States.
BOT's areas of expertise are very complimentary to ODIMís existing North American subsidiary ODIM Spectrum Ltd., and opportunities have been identified for the firmís to leverage existing capabilities and client relationships to the benefit of the combined organization. Weíre excited about the opportunity to have the highly skilled professionals at BOT and BOT USA join the ODIM group and critical to the success of this acquisition is the continued involvement of the firmís two managing partners, Arnold Furlong and Geoff Lebans.
BOTís areas of expertise are in the development of shipboard launch & recovery systems (LARS) to deploy and recover payloads at sea. This includes LARS for Autonomous Underwater Vehicles (AUVís), and also automated systems for use aboard Unmanned Surface Vehicles (USVís). The USV market is rapidly growing, and BOT is already involved with a US Navy USV program. BOT is also renowned for its Moving Vessel Profiler (MVP) systems, boasting an impressive list of oceanographic and naval survey clients, including; Royal Australian Navy, Japanese Navy, US Naval Oceanographic Office (NAVOOCEANO), US National Oceanic & Atmospheric Administration (NOAA) and the Danish Navy. Recently BOT has delivered its first MVP system for a seismic streamer vessel.
For more information, please visit ODIM Spectrum's website at: http://www.odim-spectrum.com. ODIM Spectrum Ltd. is a subsidiary of ODIM ASA, a publicly traded company on the Oslo stock exchange ( web site: http://www.odim.no ).
For further information, please contact:
Keith Furevick, Director of Business Development
597 The Queensway
Peterborough, Ontario, Canada K9J 7J6
Tel: (705) 743-9249 Ext.281