Schilling Robotics Llc News

Davis, California – April 29, 2011. Schilling Robotics, LLC, experts in subsea systems, announced today that C-Innovation has placed a contract for multiple ROV systems in support of their expanding international operations. This contract includes the supply of both HD™ and UHD™ work class ROV systems that will be deployed globally, including Brazil and Singapore. This continued expansion of C-Innovation’s ROV fleet with a mix of the HD™ and UHD™ systems will broaden their regional capabilities and target markets…

FMC Technologies, Inc. (NYSE: FTI) and Schilling Robotics announced that they have entered into a definitive agreement whereby FMC Technologies will acquire a 45% interest in Schilling Robotics LLC for $116m in a transaction expected to close no later than December 31, 2008. The acquisition is expected to be accretive to FMC Technologies’ earnings per share in 2009. FMC Technologies is a manufacturer and supplier of subsea production systems. Schilling Robotics is a producer of ROVs (remotely operated vehicles), ROV manipulator systems, control systems, and other technology equipment and services for oil and gas subsea exploration and production. FMC Technologies Chairman, President and CEO, Peter D.

Kongsberg Maritime has secured a contract to supply Schilling Robotics of Davis, Calif., with underwater cameras for installation on four new build ROVs (Remotely Operated Vehicles). Schilling Robotics LLC of Davis will supply Geoconsult AS, based in Bergen, Norway, with its 4Km UHD (Ultra Heavy-Duty) Hydraulic ROVs. A total of 50 Kongsberg cameras will be installed and each ROV will be fitted with one Kongsberg imaging sonar head and two altimeters. The ROVs, which reach depths of up to 4000 meters, have been specifically fitted with Kongsberg cameras for Geoconsult AS. “We have always been more than satisfied with the results achieved when using Kongsberg's cameras. The delivery is scheduled for completion in February 2006.