September 2003
Hydroid receives order from German Navy Test Center for a REMUS Autonomous Underwater Vehicle system

(September 22, 2003 – E. Falmouth, MA) Hydroid Inc. announced today that they have recently received an order from the German Navy Test Center for a REMUS AUV system. The Test Center will embark on an extensive series of trials to evaluate the operational capabilities of the REMUS system and to determine possible requirements with the Mine Counter Measure (MCM) and Special Forces groups within the German Navy.

Hydroid began developing an international network of independent manufacturer’s representatives several months ago, and the sale marks the first Hydroid contract secured with the assistance of a representative. J. Bornhoeft Industriegeraete, of Kiel, Germany, provided invaluable assistance to Hydroid in promoting REMUS, and successfully negotiating the contract with the German Navy Test Center.

Commenting on the recent contract Thorsten Bornhoeft, President of J. Bornhoeft Industriegeraete GmbH, stated “We are very pleased with the results of the negotiations. We look forward to the delivery of the REMUS system later this year, and to working with Hydroid to develop the market for REMUS in Germany.” Kevin McCarthy, Hydroid’s vice president of marketing concurred, and indicated that the company was continuing to develop its international representative network and expected several additional international orders in the months ahead.

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 [email protected].

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