Page 34: of Marine Technology Magazine (July 2016)

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Egan

Nagengast -tion sound sources and control systems. on reducing many of the non-value- Egan While the offshore market,

Bowtech has provided our team with added activities throughout the design, speci? cally oil and gas, is down, we do additive technology in optical imaging operations and deployment stages. We see that this is now (hopefully) at the to augment our strong acoustic imaging are embracing the opportunities to work bottom. However, the advances in tech- presence. Through the Bolt Acquisition, with our customers even earlier and nology and cost leadership to ensure we gained an expanded piece of the more closely to design in the best tech- cost effective and ef? cient working has seismic technology to support our Tele- nical solutions, using the best material allowed to us continue to develop suc- dyne Geophysical streamer line. Bolt is and system designs to meet the speci? c cessful collaborations. Our success in a leader in Seismic Source, and coupled performance requirements for the par- winning new projects and programmes with Real Time Systems controls and ticular project. We are encouraged that for defense worldwide has strengthened

AGG interconnect, Teledyne Marine in this cycle the operators are participat- our position in this market with new now boasts a signi? cant share of the to- ing and are in fact working together to technologies and underpinning our stra- tal seismic solution set. The Bolt acqui- embrace the ideas that the supply chain tegic vision. Despite some of our chal- sition delivered an additive capability to can offer. We are con? dent that with all lenging markets, our new alignment of supplement our strong vehicles segment the creative solutions that Teledyne Ma- resources and approaches has already with the SeaBotix family of inspection rine can provide, we will in fact come resulted in signi? cant new business.

class ROVs. SeaBotix has earned an en- out of this cycle in an even stronger po-

EVERY BUSINESS HAS ITS CHALLENGES. viable reputation for reliability and per- sition.

WHAT DO YOU CONSIDER TO BE YOUR OR- formance across multiple markets from

WHAT ARE THE SIGNS/STATISTICS YOU GANIZATION’S BIGGEST CHALLENGE(S), ocean science to defense and security.

MONITOR TO GAUGE THE CURRENT AND HOW ARE YOU INVESTING TO AD-

Most recently, Teledyne has acquired

HEALTH AND FUTURE PROSPECTS OF DRESS THOSE CHALLENGES?

CARIS, a leader in processing and visu-

Egan With rapid and volatile mar-

YOUR BUSINESS?

alizing sonar data, as well as producing,

Egan There are many economic fac- kets, agility and adaptation is para- managing and distributing marine geo- spatial information. (See related story tors we take into consideration due to mount, along with a robust and solid the diversity of our business. Examples foundation. We have and will continue on page 36).

that we monitor are the development to monitor our routes to market and of ports and harbors, the investment of ensuring our business is streamlined to

THOUGH IT HAS STARTED TO RECOVER, governments into civil infrastructure meet the future market conditions. Spe-

MUCH DISCUSSION OVER THE PAST 18 and environmental programs, the new ci? cally, it is our people who will affect

MONTHS HAS CENTERED ON THE PRECIP-

ITOUS DROP IN ENERGY PRICING GLOB- and emerging technologies in defense the greatest change, so our investment in

ALLY. PLEASE PUT IN PERSPECTIVE HOW and security, defense programs, as well our people is a constant theme to ensure

THIS PROTRACTED MARKET LULL HAS IM- as the investment status of offshore oil continued success.

PACTED YOUR COMPANY.

and gas projects. We also closely moni-

Read Like the rest of the industry, tor global oceanographic research and Nagengast Our people are our greatest the price of oil has impacted our busi- monitoring budgets. asset and can also be our greatest chal- ness. We have taken the opportunity to lenge. We continue to seek out the most increase the focus on cost controls, and

WHAT DO THOSE SIGNS TELL YOU NOW?

highly skilled people to support our mis-

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