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www.seadiscovery.com Marine Technology Reporter 59 transaction were not disclosed. Tindall designs and manufactures high performance Instantaneous Frequency Measurement (IFM) based systems and subsystems, including integrated frequency locked sources and set-on receiver- jammers used for USN and Air Force training. Following the acquisition, it is anticipated that the Tindall opera- tions, based in Pleasanton, Calif., will be consolidated with the operations of Teledyne Cougar in Sunnyvale, Calif. Tindall Technologies had rev- enue of $2.7m for its FY 2006. High Grade Assays Confirmed Nautilus Minerals Inc. announced that new assay results confirm the high grade gold-copper-zinc mineral- isation of its recent Solwara 5, 6 and 7 discoveries, located in the territori- al waters of Papua New Guinea. Laboratory testing of 24 samples across the three prospects returned an average grade of 17.5 g/t gold, 8.94% copper, 16.84% zinc and 298 g/t sil- ver. David Heydon, Nautilus CEO said "These results further validate the Solwara district's prospectivity and more specifically our highly suc- cessful May exploration programme which yielded four new prospects in four weeks prior to the survey ship returning to Solwara 1 for a major drilling program." "Whilst the com- pany's focus is to bring to production its first mine at Solwara 1 with a name plate production being designed around 2 million tonnes per annum, these additional high grade prospects provide a potential pipeline of projects which would be necessary if the company is to look at expand- ing production with the addition of a second ship or at extending the 'mine life' of a single ship operation." IXSEA Appoints Hoof IXSEA appointed Arne Hoof as Sales Manager based in the new IXSEA subsidiary in Hannover, Germany. Hoof will develop the mar- ket for IXSEA products and manag- ing sales in Germany. He holds an Engineering Diploma in Geodesy from the University of Hannover and a Certificate of Academic Proficiency in Hydrographic Surveying from the University of New Brunswick, Canada. He previously worked in customer support and software training and as project engineer at Hamburg Port Authority with CARIS Geographic Information Systems bv. Aker Kvaerner to Deliver Process Tech Aker Kvaerner signed a contract for delivery of equipment and modifica- tions to Aker Floating Production's SMART 1 Floating Production Storage Offloading (FPSO) vessel. This new contract is an amendment to a contract awarded in November 2006 for both SMART 1 and 2 ves- sels. The total contract value for Aker Kvaerner related to SMART 1 is now approximately NOK 610 million, representing an increase of NOK 430 million since November 2006. The scope of work which will be undertaken by the Aker Kvaerner subsidiary Aker Kvaerner Process Systems includes delivery of two sep- aration modules, one utility module and two skids for the flare system. NAVMAR Wins Navy Deal NAVMAR Applied Sciences., Warminster, Pa., is being awarded a $9,173,860 cost-plus-fixed-fee con- tract for the design, manufacture, installation, and repair of Navy Special Projects Systems associated with the Electro-Optic and Special Mission Sensors Program. This effort will include nine digital recording systems, spares for digital recording systems, one over the hori- zon communication system, and one light detection and ranging review. Work will be performed in Chester, Pa., and is expected to be completed in July 2009. Contract funds will not expire at the end of the current fiscal year. LinkQuest Moves LinkQuest moved its corporate headquarter to 6749 Top Gun Street, San Diego, Calif., effective May 2007. Occupying a significant por- tion of a state-of-the-art two-story building at the heart of the high tech region in San Diego, LinkQuest has more than doubled its space for R&D, manufacturing and training. This expansion is a direct result from significant growth of the company in the past few years and the tremendous opportunity to meet further increased demand for its best-selling underwa- ter acoustic modems, acoustic tracking systems, acoustic current profilers and Doppler velocity logs in the worldwide market. This new location is less than 3 miles from the previous location at 6339 Nancy Ridge Drive, San Diego. The telephone and fax numbers for the company remain unchanged. For more information, Email sales@link-quest.com MTR#6 (49-64).qxd 7/13/2007 11:18 AM Page 59
