Benthos (NASDAQ:BTHS)
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BENTHOS, INC. (NASDAQ: BTHS) announced today that it has
recently received orders to provide wireless underwater acoustic
communications that will be utilized for tsunami warning systems.
These orders are valued at approximately $750,000.
A substantial majority of these orders is for wireless underwater
acoustic communication components that will be integrated into systems
for U.S.-based tsunami warning initiatives. The components include
subsea and surface modem electronics, which will be used to outfit
additional tsunami buoys to provide improved coverage to the United
States coastline and the Pacific and Caribbean basins.
A smaller portion of the orders is for the Benthos SMART Release
SR-100, which is a combined modem and acoustic release product. These
will be used as the underwater acoustic communication and recovery
solution for a commercially available tsunami warning system. The
SR-100's internal modem electronics will provide a wireless acoustic
communication link that transmits data from pressure recorders on the
seafloor that detect the increased pressure of a tsunami to surface
buoys. The SR-100's release mechanism also provides the ability to
retrieve entire subsea units for maintenance and servicing on an
ongoing basis. These tsunami warning systems will be installed in East
Asian waters.
Commenting on these orders, Benthos President and CEO, Ronald L.
Marsiglio said, "We are pleased that Benthos modems continue to be
chosen for mission-critical, wireless underwater communication
solutions. It is also encouraging to see commercially available
turnkey tsunami warning systems going to parts of the world that have
not had access to this technology until now. It is obvious from recent
events that much of the world could benefit from such systems."
Benthos, Inc., through its Undersea Systems Division, designs,
manufactures, sells and services a variety of oceanographic products
for underwater tasks; and through its TapTone Package Inspection
Systems Division makes systems for testing consumer packages made of
glass, metal or plastic. The common stock of the Company is traded on
the Nasdaq SmallCap market under the symbol "BTHS". For more
information, Benthos can be found on the Internet at www.benthos.com.
Forward Looking Statements
The statements in this news release relating to plans, strategies,
economic performance and trends and other statements that are not
descriptions of historical facts are "forward-looking statements"
within the meaning of the Federal Securities Laws. The Company
believes that such statements are reasonable and are based on the
beliefs of the Company's management as well as assumptions made by and
information currently available to Company management. However, actual
results could differ materially from those currently anticipated due
to a number of factors that include: the timing of large project
orders, competitive factors, shifts in customer demand, government
spending, economic cycles, regulatory changes and other factors. More
information about these factors is contained in the Company's filings
with the Securities and Exchange Commission. Should one or more of
these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results or outcomes may vary
materially from those described herein. The Company does not undertake
and expressly disclaims any obligation to update or alter its
forward-looking statements whether as a result of new information,
future events or otherwise, except as required by law.