Odyssey Marine Exploration Purchases Additional Vessel

Odyssey Marine Exploration, Inc., a leader in the field of deep-ocean shipwreck exploration, has purchased an additional ship similar in size to the Odyssey Explorer. This ship has completed preliminary mobilization and will be equipped with a state-of-the-art side-scan sonar system and a Remotely Operated Vehicle (ROV) to conduct search operations and target inspections. “As we focus our efforts on our core business – finding and recovering shipwrecks around the world – expanding our operational capabilities with an upgraded search and ROV operations platform is a key component in our long-term business strategy. This new vessel is a flexible and extremely stable platform and will provide us with worldwide heavy weather operational capability as our primary search and target inspection vessel, while still being available as needed for other operations,” said Greg Stemm, Odyssey’s co-founder. “The addition of this ship means we will have three major expeditions going on this year, which will be a ‘first’ for Odyssey.”