Financing for the purchase was provided by Mercantile Bank.
ZEUS II, like its Odyssey predecessor ZEUS, was built by SMD of Newcastle, England, one of the world's leading manufacturers of state-of-the-art, deep-water robotic systems. The new ROV is a 9-ton, advanced underwater robotic system capable of working on sites up to 2,500 meters (8,200 feet) deep, and at 400 HP, it has twice the power of ZEUS, making it one of the world's most powerful deep ocean work platforms. Odyssey is planning to outfit ZEUS II with state-of-the-art equipment for underwater archaeological projects including advanced acoustic positioning gear as well as a suite of high-definition cameras which are being added to document Odyssey's underwater archaeological operations.
"ZEUS II provides us with a second highly specialized underwater robotic system to expand our capabilities for archaeological excavation and recovery. We've been extremely pleased with the performance of ZEUS over the past few years. Adding a second 'next generation' ZEUS with more than twice as much power will allow us to seamlessly interchange our archaeologists and technicians between both systems while expanding our operational capacity," said Greg Stemm, co-founder of Odyssey Marine. "The acquisition of this system demonstrates our Company's commitment to expanding our offshore operational capacity."
June 23, 2006
Odyssey Marine Exploration, Inc.