Perry Slingsby - January 18, 2005

Perry Slingsby Systems has delivered the first of 4 Triton XLS Advanced Workclass ROV systems to Geoconsult AS

Perry Slingsby Systems (PSS), an international provider of remote intervention technologies and equipment systems, is pleased to announce that Triton® XLS11 has completed Factory acceptance testing. Triton® XLS11 is the first of 4 systems scheduled for delivery in 2006 and will be permanently installed on the vessel Geoholm in March 2006.

Martin Anderson, Managing Director and CEO, Perry Slingsby Systems, commented ”We are very pleased to have delivered Triton® XLS11, and in fact we were able to complete the project 3 weeks ahead of schedule, there by allowing the customer to sea freight the system instead of having to utilize expensive air freight. This contract builds on a strong and continued relationship between the two companies and further reinforces Perry Slingsby Systems’ position as the world’s leading independent supplier of Advanced Workclass ROVs.”

Perry Slingsby Systems, a member of the Technip Group, is an internationally recognized provider of remote intervention technologies and equipment systems. Perry Slingsby Systems focuses on six principal Business Lines: Remotely Operated Vehicles (ROVs), Trenchers and Robotics ; Standard and Bespoke Tooling Systems ; Support Services ; Defense (including Submarine Rescue Systems (SRS)); Process and Control Products ; Geotechnical and Seabed Systems. For nearly 50 years, from facilities in the US and in the UK, sales offices and agents around the world, Perry Slingsby Systems has solved customers' remote intervention challenges with design and engineering innovations that have become the benchmark for reliability and cost efficiency.

For further information, please contact:

USA: PERRY SLINGSBY SYSTEMS, INC.
Natasha Trenorden - Business Planning & Marketing Systems
pssi@us.perrymail.com

821 Jupiter Park Drive, Jupiter, FL 33458
Tel: 561-743-7000
Fax: 561-743-1313
Internet: http://www.perryslingsbysystems.com