Sunday, October 21, 2018 1:53:50 PM
EXPL CEO, Micah J. Eldred, commented, "We are pleased to enter into these joint venture and equipment purchase contracts with GMAR. This series of transactions immediately provides EXPL with a number of already located, potentially valuable, shipwreck salvage projects that considerably expands our growing portfolio of known wreck-sites. Beyond the already found shipwrecks subject to this agreement, we are very excited to be spearheading the continued search for the Primary Target, which, if found, could prove to be our most valuable target. Additionally, the purchase of the General Dynamics Bluefin 12D AUV will allow EXPL to conduct deeper water surveys, in up to 1,500 meters of water depth, utilizing state of the art systems, which will open up larger swaths of the ocean seabed we can search and survey."
GMAR CEO, Daniel Taylor, commented, "We are thrilled to have formed this partnership with Endurance Exploration Group, Inc. The synergies created by the formation of Caird Exploration, Inc. will undoubtedly accelerate the strategic objectives of both GMAR and EXPL."
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