Bolt Technology Corporation announced that its subsidiary, SeaBotix Inc. of San Diego, California, received record sales orders during August, 2011. The orders are in excess of $3,500,000 and include an initial contract to supply fifteen (15) specialized underwater robotic vehicles to the United States Navy Expeditionary Combat Command for use by its Explosive Ordinance Disposal Groups. These vehicles will be used in locating and identifying underwater improvised explosive devices and limpet mines. All of the orders received in August are scheduled for shipment prior to December 31, 2011.
Raymond M. Soto, Bolt's Chairman, President and CEO, commented: "We are pleased to have received these orders and believe they reflect the high quality of the SeaBotix product as well as the hard work of the SeaBotix sales team."
Bolt Technology Corporation is a leading worldwide developer and manufacturer of marine seismic data acquisition equipment used for offshore oil and natural gas exploration. Bolt also develops and manufactures remotely-operated robotic vehicles systems used for a variety of underwater tasks. The Company's operating segments include "Seismic Energy Sources," "Underwater Cables and Connectors," "Seismic Energy Source Controllers" and "Underwater Robotic Vehicles."