October 2003
Hydroid receives order from Fugro for REMUS Autonomous Underwater Vehicles

(October 14, 2003 – E. Falmouth, MA) Hydroid Inc. announced today that they have received a contract from Fugro for two REMUS vehicles. The vehicles will be configured to meet Fugro’s specific survey requirements. This contract marks the first sale of REMUS systems into the commercial survey market.

Kevin McCarthy, Hydroid’s vice president of marketing adds “Hydroid is excited to be working with Fugro to transition REMUS technology into the commercial survey market. With (55) fifty-five REMUS systems in operation, REMUS has developed a field proven track record that is unmatched in the industry. Hydroid looks forward to supporting Fugro’s efforts in utilizing REMUS to perform their commercial survey requirements.”

Hydroid anticipates delivering the two REMUS vehicles in January 2004. Following training, and a brief period to familiarize their staff with the REMUS operation, Fugro plans to put the systems to work in their survey operations.

Hydroid Inc. holds the exclusive license from the Woods Hole Oceanographic Institution for the manufacture and further development of the REMUS Autonomous Underwater Vehicle (AUV) technology.

For further information contact Kevin McCarthy, Vice President of Marketing at Hydroid at Tel 508-563-6565, e-mail kmccarthy@www.hydroidinc.com.

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