Page 30: of Marine Technology Magazine (July 2018)

MTR 10 0 5 Minutes with Mike Read, President5 Minutes with Mike Read, President

Teledyne Marine GroupTeledyne Marine Group

Teledyne Marine Group has been a consolidator in the subsea space for more than a decade, today totalling 23 companies. Teledyne Marine’s MTR100 entry is focused on insights on the moves in the market from Mike Read.

As we continue to navigate through a historic downturn plore areas not previously surveyed. Our new Doppler Veloc- in the offshore energy sector, can you give us your view ity Log technology offers extended range in a miniaturized of the market. Where you see opportunity in the coming frame to enable industry’s move to smaller, lower cost autono- 12 to 24 months? mous systems where navigation and positioning are key per-

We are optimistic on the health of the marine market across formance parameters. Finally, we are also very excited about all market sectors over the next 12 to 24 months. Our inter- opening new market capabilities with our new generation of connect and instruments businesses are beginning to see the explosion proof interconnect, including the world’s ? rst ? ame effects of stabilization in what has been a weak energy market proof well head connector.

over the past few years. Interest in our autono- mous subsea vehicles and interconnect for both Looking at your recently

U.S. and international government applications announced collaboration has been strong with expectation to continue to with Research Products grow. Finally, due to the aging of U.S. infra- Development Company structure and increased demand on the global (RPDC) at OTC, can you ? sh supply, we expect the civil engineering mar- share your thoughts on ket and aquaculture markets to strengthen over the importance of such the next few years. Overall, our outlook on the collaborations?

market is positive with expectation of measured The future of Teledyne Ma- growth. rine is driven by our ability to understand our custom-

Teledyne Marine obviously has a broad tech- er’s problems in order to nology offering. But if you could narrow it provide solutions. Tele- down to just three, what do you consider the dyne Marine has a strong three most signi? cant technological offer- history of collaboration ings introduced by Teledyne Marine in the agreements with our cus- last year & why are they your ‘top 3’? tomers across many of our

Teledyne Marine has held several successful new markets. By working to- product launches between 2016-2017, technolo- gether, we provide techno- gies that focus on providing new capabilities and logical expertise to tackle range of performance, reduced footprints and the most challenging prob- reduction in price point to expand access across lems our customers face in our customer spectrum. For example, we have real-word testing environ- released a new generation of subsea imaging ments. A testament to the and bathymetric sonars providing never before seen range successes we have is the customer investment in continuing and resolution while achieving incredible cost targets. Our our R&D partnerships. Across Teledyne Marine, we have a depth-rated sonar technology combined with the launching of healthy pipeline of customer funded investments in R&D that a 6,000m depth rated AUV supports industry’s drive to ex- total approximately $25m this year. We are very excited about

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