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www.seadiscovery.com Vol. 55 No. 6 ISSN 1559-7415USPS# 023-276118 East 25th Street, New York, NY 10010 tel: (212) 477-6700; fax: (212) 254-6271Marine Technology Reporter ISSN 1559-7415 is published monthly except for February, August, and December by New Wave Media, 118 E. 25th St., New York, NY 10010-2915. Periodicals Postage at New York, NY and additional mailing ofÞ ces. POSTMASTER: Send address changes to MARINE TECHNOLOGY REPORTER, 118 E. 25th St., New York, NY 10010-2915. Postmaster send notiÞ cation (Form 3579) regarding undeliverable magazines to Marine Technology Reporter, 118 East 25th Street, New York, NY 10010. Publishers are not responsible for the safekeeping or return of editorial material. ©2012 New Wave Media. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means mechanical, photocopying, recording or otherwise without the prior written permission of the publishers. Subscription: To subscribe please visit www.seadiscovery.com/subscribe MemberEditorial www.seadiscovery.com NEW YORK118 E. 25th St., New York, NY 10010 Tel: (212) 477-6700; Fax: (212) 254-6271 FLORIDA215 NW 3rd St., Boynton Beach, FL 33435Tel: (561) 732-4368; Fax: (561) 732-6984 PUBLISHER John C. [email protected] Publisher & EditorGregory R. Trauthwein [email protected] Editors Capt. Edward Lundquist, USN (Ret.) Rhonda Moniz  Claudio PaschoaProduction ManagerIrina Tabakina [email protected] & Graphic DesignNicole Ventimiglia [email protected] Administration & OfÞ ce Manager Rhoda [email protected] & Event Coordinator Michelle Howard [email protected], Accounting Services Rhoda Morgan [email protected], Public Relations Mark [email protected], Marketing Jocelyn [email protected], Information Technology Services Vladimir [email protected] Kathleen [email protected] Vice President, Sales and MarketingRob [email protected]: (561) 732-4368  Fax: (561) 732-6984 Advertising Sales Manager Lucia M. [email protected]: (212) 477-6700  Fax: (212) 254-6271 Mike [email protected]: (561) 733-2477  Fax: (561) 732-9670 JapanKatsuhiro Ishii  amskatsu@ dream.comTel: +81 3 5691 3335  Fax: + 81 3 5691 3336 Gregory R. Trauthwein, Associate Publisher & Editor of Marine Technology Reporter. Email: [email protected] This is the Seventh Annual installment of the MTR100, Marine Technology Reporter?s yearly review of 100 compelling companies serving the subsea in- dustry. The chore of sifting hundreds of applications to Þ nd the hidden gems is one of the more harrowing tasks undertaken by the MTR staff in a given year, but the reward is a unique look at 100 companies and technologies ... many names that you know, quite a few that you may not. And the chore this year was particularly difÞ cult, as applications for the honor were up more than 20% over 2011. From its debut in 2006, the MTR100 was geared to not only report on the largest companies serving the market, or the most proÞ table (and for anyone in the know, discovering real Þ nancial details is nearly impossible, particularly among the smaller privately held Þ rms). It is designed instead to offer a fair representation of the wide diversity of small, medium and large companies; a patchwork quilt if you will of the diversity of people, technologies and techniques that come together to weave the fabric that is the subsea industry. The trend toward consolidation continues in 2012, as larger corporate entities con- tinue to seek and acquire unique pockets of knowledge and technology. To that end, you will see several familiar brands with new parents, with, for example, Teledyne, Xylem, L3 and Forum Energy Technologies continuing their respective pushes to bring multiple capabilities under one corporate roof. Speaking of the latter, Forum En- ergy Technologies celebrated its Initial Public Offering (IPO) in the Spring of 2012, and is certainly a company to watch in 2013 to see how it may deploy its inß uence across the market. New for 2012 are a series of 10 company reports from our Boston-area correspon- dent, Rhonda Moniz. As many of you have read, both in print and online at SeaDis-covery.com , Rhonda is a regular and highly valued contributor, delivering a keen insight and vast industry experience to her timely reports. The Northeast U.S., and more speciÞ cally the hub in and around Massachusetts, is one of the richest regions for subsea technology innovation on the planet. RhondaÕs task: Find and visit 10 com- panies with compelling people, technologies and stories, a job she handled admirably as I think you will agree when reading her proÞ les throughout this edition. MARINETECHNOLOGY REPORTER July/August 2012 www.seadiscovery.com Interview: SEA CONsCraig Newell M T R M T R July/August 2012 4 MTRMTR #6 (1-17).indd 4MTR #6 (1-17).indd 48/3/2012 11:53:20 AM8/3/2012 11:53:20 AM