Odim Announces Offshore Supply, Subsea Contracts

Odim ASA has been awarded Offshore Supply and Subsea contracts with a total value of NOK 36 million.

The Offshore Supply segment in Odim has been awarded contracts of about NOK 19 million. Among the deliveries there are two Odim Anchor Recovery Frames (Odim ARF). Odim now has a total of 10 orders for Odim ARF.

Odim has been awarded a Subsea contract worth NOK 17 million covering the delivery of four Work Over Control Systems (WOCS) for delivery by the end of May 2008.

Odim ASA is an expanding Norwegian technology company that develops and sells advanced automated handling solutions, primarily cable handling systems and winches for use on offshore and naval vessels. The company occupies a leading position in selected market segments, such as seismic surveying and offshore supply. Through its subsidiaries in North America, it is also solidly rooted in the defense sector. In addition to its established market segments, Odim will be making a heavy commitment to the very promising deepwater market.

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