Ocean Networks Forms Submarine Cable Salvage Unit
Ocean Networks has formed a new business unit called Submarine Cable Salvage.
The new division will serve the research and education community by repurposing out of service (OOS) submarine cable systems for ocean observatories.
In addition, the new unit will acquire, repurpose and operate the connected observatories to help monitor the world’s oceans.
“Launching this initiative and supporting these communities is very important to submarine cable salvage because of the significant impact it can have on gathering data from the ever-changing ocean environment,” said Scott Schwertfager, CEO, Ocean Networks. “With past tsunami events we can see the importance of monitoring our oceans, not only for disaster mitigation but to capture environmental changes that will help the scientific community combat pollution in our oceans.”
A private investment group focused on disaster mitigation and oceanic preservation will fund the new unit.
“Pollution detection in our oceans is of critical importance,” added Frank DiMaria, EVP of business development at Ocean Networks. “This endeavour not only reduces the carbon footprint caused by the manufacturing of new cables, it also means fewer plastics are introduced into our oceans by repurposing the existing OOS cables.”