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CARIS and Kongsberg Maritime Sign Memorandum of Understanding

For Immediate Release

Fredericton, NB, Canada – January 03, 2006 – CARIS and Kongsberg Maritime, Norway, today announced that they have signed a Memorandum of Understanding to collaborate and deliver CARIS HIPS/SIPS multibeam processing software to existing and potential Kongsberg clients.

CARIS HIPS/SIPS represents a single off-the-shelf software product that embodies all of the very latest statistical-based data cleaning and processing methodologies currently reshaping the ocean mapping industry in one single package.

The addition of HIPS/SIPS to Kongsberg's existing multibeam processing products allows them to appeal to a greater diversity and variety of end-user needs, thus strengthening their market position.

As part of this agreement, CARIS will provide ongoing marketing, sales and training support for the HIPS/SIPS software to Kongsberg engineers and sales specialists. Further, the two parties have committed to working cooperatively on an ongoing basis, to offer migration from Neptune users to HIPS/SIPS and that the technical needs of Kongsberg clients are being met in future planning of the HIPS/SIPS software.

"We are pleased to work with Kongsberg, enabling more multibeam processing options for their clients," said Derrick Peyton, CARIS Marketing and Sales Manager. "As companies face a issues of large bathymetric data sets, interoperability and distribution, CARIS multibeam processing and data management software supports Kongsberg clients with their data cleaning and processing needs regardless of the data format and workflow."

"It is our objective through this collaboration with CARIS to ensure Kongsberg customer satisfaction by providing a quality multibeam processing tool that is well supported to existing and potential clients. However, our well known and well tested NEPTUNE post processing software will still be available as a choice for the users" says Freddy Pøhner, Vice President Sales and Marketing for Kongsberg Maritime-Subsea.

About Kongsberg Maritime
Kongsberg Maritime is a leading supplier of acoustic instrumentation as well as complete systems for precision seabed mapping and inspection. It has been a supplier to the hydrographic user community since 1976. Product categories are multibeam and single beam echo sounders for all water depths, sub bottom profilers and underwater positioning systems. Solutions are available for both portable and permanent mounting on surface vessels, and also for ROV's and AUV's. For more information about Kongsberg Maritime, visit www.kongsberg.com.

Lisbeth Ramde, Kongsberg Maritime, +47 3302 3837, lisbeth.johanne.ramde@kongsberg.com


About Teledyne CARIS

For over 35 years, Teledyne CARIS has been the leading developer of marine mapping software. Teledyne CARIS offers a highly effective solution for near real-time processing and robust quality control of sonar data and the creation and distribution of maps, charts, and digital datasets.

The Ping-to-Chart™ software is designed to deliver an integrated and seamless solution for the entire workflow of hydrographic information.

CARIS™ software offers a comprehensive level of support with training sessions, consulting, and a series of courses as well as technical support via online services, multilingual telephone support, and email.

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For more information contact
Andy Hoggarth, Chief Business Development Officer
Teledyne CARIS
+1 (506) 458-8533
andrew.hoggarth@caris.com

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