Wednesday, June 29, 2005


Odyssey Marine zeros in on targets


June 28, 2006

Odyssey Marine Exploration reports that its Atlas search area has identified approximately 275 targets in less than two months. The shipwreck recovery firm said it has inspected 127 of those targets with Zeus, its remote-operated vehicle.

A new side-scan sonar system allows Odyssey Marine to map the seafloor twice as fast as previous searches. The deep-water, remote-operated vehicle on a second ship to visually inspect targets will result in a more efficient and productive search process, the company said.

At the same time, Odyssey Marine is continuing talks with Spain regarding the Sussex shipwreck project in the western Mediterranean.

The weather window for the Atlas project typically ends in the fall, while work can continue on the Sussex project year-round. The RV Odyssey remains in the western Mediterranean available to do preliminary work on the Sussex site.

"There's no question we'll return to the Sussex excavation in the western Mediterranean, but for now, considering the opportunities currently available to us and the small weather window in which we have to work, we're focused on locating and identifying objects in the Atlas area," said Greg Stemm, co-founder, in a release.

Tampa-based Odyssey Marine (AMEX:OMR) has several shipwreck recovery projects in various stages of development.


Comments: Post a Comment

<< Home

This page is powered by Blogger. Isn't yours?