Page 8: of Marine Technology Magazine (June 2015)

People & Company News

In response, we have stayed true to the portant amendments to our Fleet Back

JMS Hires Manley 2015 Agenda I announced in February; Facility and pushed back the date for Justin Manley has joined Juliet Ma- building backlog, reducing costs, and our next bond maturity to 2018. rine Systems (JMS) as Vice President managing our balance sheet. This focus We also recorded multi-client sales in of Business Development and Market- included the dif? cult yet necessary deci- the quarter of $36.7 million as our Ca- ing. Manley brings more than 20 years sion to cold stack Polarcus Nadia at the preolus 3D project offshore Australia of experience in the marine technology end of the quarter. passed the 50% completion milestone. sector including roles at Massachusetts “Our Agenda is starting to deliver. All positive developments underpinned Institute of Technology (MIT) and with

Backlog visibility has grown to 70% for by continued safe and ef? cient opera- the National Oceanic and Atmospheric the year, costs are down 13% from ? rst tional performance in the ? eld,” Starr Administration (NOAA). quarter 2014, and we have secured im- continued.

James Fisher Buys X-Subsea

FORCE Preps for Turbines,

Expands Team

With 10 km of power cables installed in the Bay of Fundy, a new environmen- tal monitoring program in development, and turbines set for deployment in the near future, the Fundy Ocean Research Center for Energy (FORCE) announced new board and staff support. FORCE welcomes Joe Fitzharris as the chair of the board of directors. Fitzharris is Quality Manager at AMEC Black and McDon-

Photo: James Fisher ald, and has previously held senior management positions at Marener Group of

Companies and Irving Shipbuilding. Joe has previously served as an independent James Fisher and Sons plc purchased director at FORCE, and chair of the Maritimes Energy Association. the assets and intellectual property

Former chair John Woods continues as a FORCE board director, leading Minas rights of X-Subsea UK Holdings Lim-

Energy’s tidal project. ited (X-Subsea) for a total consideration

FORCE also announced new directors Jeremy Poste, Director for Cape Sharp of $22.8 million. Headquartered in Ab-

Tidal and Country Manager for OpenHydro Technology Canada, Johnny Wat- erdeen, X-Subsea went into administra- son, project manager of Atlantis Resources, and Sue Molloy, general manager of tion on April 27, 2015 following the col-

Black Rock Tidal Power. The FORCE board is comprised of nine directors: four lapse of its Norwegian parent company developers, three independent directors, one academic, and the province, which Reef Subsea AS. X-Subsea was an op- includes Anna Redden, Director, Acadia Centre for Estuarine Research, Acadia erator of specialized excavation, trench-

University; Janet MacMillan, Partner, National Public Relations; Paul Jamer, ing and dredging equipment, which was

President, Breakwater Group; and Sandra Farwell, Manager Director, Sustain- rented and operated worldwide for sub- able & Renewable Ener- sea operations in the oil and gas, tele- gy, Nova Scotia Depart- coms and renewable energy sectors. It ment of Energy. was the main competitor of James Fish-

FORCE announced er Mass Flow Excavation Ltd, operating

Mary McPhee has been from bases in Aberdeen, Dubai, Singa- promoted to facility man- pore, and the Gulf of Mexico. ager at the FORCE site.

Delta SubSea Secures New

Build Olympic Delta

Delta SubSea, LLC has entered into an agreement with Olympic Shipping

Subsea power

AS for the Olympic Delta, a newly built cable being in- multipurpose subsea support and con- stalled at FORCE. struction vessel. The Olympic Delta is (Photo: FORCE) a GREEN Vessel designed according to

June 2015 8

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