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ODIM.ol

OFFSHORE SUPPLY ORDER WORTH NOK 50 MILLION

(Hareid, 13 February 2008) ODIM has been awarded a
contract worth just over NOK 50 million to deliver
automated handling systems for two anchor handling
tug supply vessels (AHTS). These vessels are to be
built at Aker Yards in Aukra, western Norway, for
the DOF shipping company. Delivery is scheduled
from the first quarter of 2009 to the third quarter
of 2010.

Two sets of ODIM AHF anchor handling frames account
for a substantial part of the contract. They
represent a unique solution which contributes to
safer and more efficient anchorhandling operations.
Among other benefits, the ODIM AHF reduces maximum
loads by more than 50 per cent when rig anchors are
being pulled over the stern roller. The yard has a
cancel term until the end of 2008 for the ODIM
AHF on the last vessel.

The order also embraces two sets of ODIM`s
integrated shark jaw and towing pins, which are
designed to both handle and lock chain and wire
cables during anchorhandling operations.

Controlled from the bridge, the automated handling
systems simplify and enhance the efficiency of
working on the aft deck of an AHTS ship, while
improving the safety of such activities. ODIM is
working on a number of unique and complete
solutions which meet demands for enhanced safety of
crew and materials, greater efficiency and higher
utilisation of offshore service vessels.

`New and stricter safety standards are being set by
the oil companies for offshore service vessels,`
observes Jon Olav Kopperstad, vice president for
offshore supply at ODIM. `That necessitates the
development of new handling solutions where the
most hazardous operations can be remotely
controlled and automated.` `We were an early
provider of such systems, and are very confident
that our solutions will also be chosen for
tomorrow`s vessels.`

For further information:

Øyvind Olsen, senior vice president,
communications, ODIM ASA, mobile [phone]
Jon Olav Kopperstad, Vice President, Offshore
Supply, mobile: [phone]

About ODIM ASA
ODIM ASA is a fast-expanding Norwegian technology
company which 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.
Through its subsidiaries in North America, it is
also solidly positioned in the defence 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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