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MICAD Marine, France Helices Announce Partnership

Maritime Activity Reports, Inc.

August 7, 2006

MICAD Marine has formed a partnership with France Helices to offer vessel operators condition-based maintenance monitoring on the NEW Surface Drive System. The NEW Surface Drive System will utilize MICAD Marine's Real Time Monitoring System to continuously monitor the vibration, oil temperature and bearing temperature occurring on the vessel. These real time readings are then compared to the established set of indices, or Vessel Signature, to determine if an abnormal condition exists. If an abnormal condition is present, the MICAD Marine System is designed to trigger an alarm to alert operators that corrective action is required. These condition-based alarms help to ensure that maintenance is performed on-time well in advance of costly surprise failures. The MICAD Marine / France Helices System will be on-display September 4-6 at the MAST Conference in Nice, France.

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