SeaRobotics Corporation Teams with Private Equity Group (USA)

Business & Finance

SeaRobotics Corporation Teams with Private Equity Group

SeaRobotics Corporation has teamed with a private equity group led by Ocean Investments Capital to fund the expansion of the company’s core business, including the production of Unmanned Surface Vessels (USVs), the commercialization of its Robotic Hull Cleaning systems, and the development of new product lines in the ocean sciences and survey markets.

SeaRobotics is a leader in the development and production of USVs, ranging from small river survey systems to 10-m USVs capable of long-duration cruises in the open ocean. “The partnership with the private equity group gives SeaRobotics the capital to further refine our standard product line of USVs, but more importantly, the opportunity to commercialize the development projects we’ve had in process for years in the area of Ship Hull Cleaning,” explained Don Darling, president of SeaRobotics.

SeaRobotics specializes in small, smart vessels that are remotely or autonomously operated. Its clients include major military and commercial organizations, both U.S. and foreign. SeaRobotics’ seasoned marine survey software interfaces with most data acquisition hardware, software, and sensing systems to produce multi-spectral, DGPS-stamped data for survey, research, or surveillance efforts. Applications for SeaRobotics vessels range from bathymetric and hydrographic surveys to coastal, harbor, and riverine surveillance.

Many SeaRobotics vessels are small, modular, and man-portable, allowing rapid deployment in remote areas or deployment by larger vessels, and its command and control systems are user-friendly and compact, allowing backpack mobilization.

[mappress]

Press Release, September 3, 2012