Thalassa Holdings Limited Grant Funded Project for Autonomous Robotics Ltd
29 Abril 2021 - 1:01AM
RNS Non-Regulatory
TIDMTHAL
Thalassa Holdings Limited
29 April 2021
Thalassa Holdings Ltd
(Reuters: THAL.L, Bloomberg: THAL:LN)
("Thalassa" or the "Company")
Grant Funded Project for Autonomous Robotics Limited
The Board of Thalassa is delighted to announce that its
wholly-owned subsidiary Autonomous Robotics Ltd ("ARL") has been
awarded a project (the "Project") that has been part-funded by OGTC
and, separately, by two European energy companies which have a
proven track record using ocean bottom seismic and are keen
supporters of technology development. The Project, which has a
value in the order of GBP400,000, is to develop a bespoke seismic
sensor to fit in the company's autonomous underwater vehicle
solution, Flying Node, and is expected to last 15 months.
The grant was awarded as part of OGTC's strategy to work with
partners as they transition to a net zero objective and their
Offshore Energy 4.0 programme is focused on enabling remotely
controlled operations, empowered by data, robotics and autonomous
systems. See https://youtu.be/Z8mVM4IS8Bk.
Duncan Soukup, Chairman of Thalassa, stated: " We are delighted
that ARL has won this award and in particular the participation of
the two European energy companies. We are continuing to make good
progress in the development of our Flying Node solution which will
address a number of opportunities in the Offshore Energy, Defence
and Environmental markets ".
END
Enquiries:
Thalassa Holdings Ltd
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Duncan Soukup (Executive Chairman) +33 (0)6 78 63 26 89
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WH Ireland Limited (Financial Adviser) +44 (0)207 220 1650
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Chris Fielding, Managing Director, Corporate
Finance
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www.thalassaholdingsltd.com
Note to Editors:
About Thalassa
Thalassa Holdings Ltd, incorporated and registered in the BVI,
is a holding company with various interests across a number of
industries.
About ARL
ARL is a UK company developing an autonomous underwater vehicle
solution - Flying Nodes - to be deployed in swarms of up to 3,000
for assessing and measuring key data in depths of up to 3,000
metres. This ground breaking technology will dramatically reduce
the cost of obtaining accurate data in the key sectors of
environmental, offshore energy and defence. The Flying Node
technology will disrupt these markets by offering commercial
advantages in cost, time and higher data quality compared to
existing technologies.
www.autonomousroboticsltd.com
About OGTC
OGTC develops technology to accelerate the transition of the oil
and gas industry to an affordable net zero future - supporting the
diversification of its supply chain to a position of technology
leadership. OGTC continues to support the oil and gas industry,
working with industry, Government and innovation partners to enable
the transition to an affordable net zero North Sea.
www.ogtc.com
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END
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April 29, 2021 02:01 ET (06:01 GMT)
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