Record Benthos Hydrophone Orders for Fiscal Year 2005 Exceed $6,800,000
14 September 2005 - 2:51PM
Business Wire
Benthos, Inc. (NASDAQ: BTHS) announced today that it has received
recent hydrophone and hydrophone component orders totaling over
$400,000. With the inclusion of these orders, year to date fiscal
year 2005 hydrophone product orders have exceeded $6,800,000, a
record for the Company. A hydrophone is an underwater microphone
that is slightly larger than a AA battery and is used by
geophysicists to locate oil and gas deposits beneath the ocean
floor. Thousands of hydrophones are connected together in large
streamer arrays, up to several kilometers long, that are towed
behind survey ships. A sound source is then used to generate an
acoustic wave that penetrates subterranean layers and reflects back
to the hydrophones in the array. The output from the hydrophone
array is processed to produce an image of the subterranean geology
and is used by exploration geophysicists to identify potentially
rich oil fields for future drilling. Benthos' innovative hydrophone
design produces maximum fidelity and sensitivity in deep water
seismic studies, allowing researchers to obtain more accurate data
than earlier generations of hydrophones. Benthos, Inc., through its
Undersea Systems Division, designs, manufactures, sells and
services a variety of oceanographic products for underwater tasks;
and through its TapTone Package Inspection Systems Division makes
systems for testing consumer packages made of glass, metal or
plastic. The common stock of the Company is traded on the Nasdaq
SmallCap market under the symbol "BTHS". For more information,
Benthos can be found on the Internet at www.benthos.com. Forward
Looking Statements The statements in this news release relating to
plans, strategies, economic performance and trends and other
statements that are not descriptions of historical facts are
"forward-looking statements" within the meaning of the Federal
Securities Laws. The Company believes that such statements are
reasonable and are based on the beliefs of the Company's management
as well as assumptions made by and information currently available
to Company management. However, actual results could differ
materially from those currently anticipated due to a number of
factors that include: the timing of large project orders,
competitive factors, shifts in customer demand, government
spending, economic cycles, regulatory changes and other factors.
More information about these factors is contained in the Company's
filings with the Securities and Exchange Commission. Should one or
more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results or outcomes
may vary materially from those described herein. The Company does
not undertake and expressly disclaims any obligation to update or
alter its forward-looking statements whether as a result of new
information, future events or otherwise, except as required by law.
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