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It is a pleasure to announce that, effective immediately, Ken Nagengast has been promoted to Vice President of Engineering for ODI reporting to Mike Read, President & CEO.

Ken began his career at ODI on June 1, 2004, as Technical Program Manager. He has had a distinguished career in the technical management field including Technical Manager at OFS Specialty Photonics Division, and at Lucent Technologies/AT&T Ocean Systems.

Ken has extensive fiber-optic technology and systems experience, specializing in the development of fiber-optic, wet-mateable connection technology and sub sea systems. He has a BS in Mechanical Engineering.

Please join me in congratulating Ken on his promotion.

Mike Read
President & CEO


ODI Opens New Technical Service Centre In Ellon, Uk.
ODI (Ocean Design, Inc.), the world's leading supplier of high performance, wet-mateable inter-connection systems, has opened a new Technical Service Center at Balmacassie, Ellon, Scotland on Tuesday 24th May. The center provides increased capacity for local assembly, improved service capabilities and new conference facilities for product training. The center is equipped with hyperbaric testing, dedicated fiber optic handling areas and office accommodation to support its growing European customer requirements. This new service center compliments the other ODI locations around the world, which include corporate headquarters in Ormond Beach, Florida, technical service centers in Houston, Texas and Rio de Janeiro, Brazil.

ODI's strength lies in product and technology innovation and system integration. ODI meets its customers' needs by leveraging engineering expertise to provide integrated solutions based on its range of field-proven, wet-mateable electrical and optical systems, fully qualified and suitable for use at any ocean depth.

ODI's product offering extends beyond highly-reliable subsea system design into Concept Study, FEED engineering, Program and Project Management, and Field Service delivered from one of its bases in Houston, Aberdeen, Rio de Janeiro and Florida. The wide range of products and engineering services deliver cost effective solutions for all types of data transmission, communication and power distribution. Typical applications range from analogue or Ethernet 100 Base T flying leads, to fiber optic communications harnesses, to 3 phase 10KV power jumpers, to fully-qualified, high-voltage d.c. inter-connectors.

ODI's products include sensor integration systems, hyperbaric penetrators, field-installable subsea cable terminations, and down-hole and tree penetration components, including optical variants. ODI's wet-mate optical products have amassed over 40 million operating hours, and have been tested to power levels in excess of 1 W continuous laser light.


April 2005
PESA APPOINTS MIKE READ TO BOARD OF DIRECTORS

The Petroleum Equipment Suppliers Association (PESA) has appointed Mike Read, President and CEO of ODI, to its Board of Directors.

PESA was founded in 1933, and is a consortium of over 200 equipment suppliers of the Oil and Gas industry. ODI has been a member since 2003.

Mr. Read will join the Board which consists of Presidents and Executives of many ODI key customers, including: Cameron, FMC, Vetco Gray, Halliburton and Schlumberger.

PESA key activities include an annual industry summit which, in 2005, focused on the long-term supply and demand for Oil and Gas, and other educational and networking forums that apply to the operational and business aspects of the industry.


Ormond Beach, Florida USA
March 10, 2005

ODI (Ocean Design, Inc.), a leading subsea fiber optic and electrical connectivity company, is pleased to announce that Dr. Tom Burke has joined the company as Senior Vice President of the Defense and Communications group, reporting to Mike Read, President and CEO. Dr. Burke has a PhD in Chemistry from the California Institute of Technology, and has extensive commercial and technical experience in defense and related businesses.

Dr. Burke joins ODI from General Dynamics - AIS in New Jersey where he was Vice President of the Maritime Systems business, one of ODI's major customers. His prior experience includes senior positions at Raytheon, TRW and the Central Intelligence Agency.

Reporting to Dr. Burke will be Greg Scull, V.P. of Defense and Communications and John Flynn, Director of Sales and Marketing, leading the D&C team toward their strategic objectives.


ODI is pleased to announce the appointment of Terry O'Brien to the D&C Marketing team. Terry will assume the role of Marketing Manager in the Northeast, and will be responsible for Market Development and Technical Sales Management for that area. He will report to John Flynn, Director of Sales & Marketing for the Defense and Communications Group.

Terry has a strong Technical & Marketing background, and has had a distinguished career with Raychem Corporation and Tyco Electronics since 1979. Terry's entire career has been focused on harsh environment Interconnect solutions in the Defense & Commercial Markets, and he has held senior positions in Sales Management, Market Development and Product Management.

Terry has earned both a BS and a PhD in Chemistry and an MBA.

Terry currently lives in Pleasanton, CA with his wife Lois, and will be relocating to the New England area in early 2005.


Ormond Beach, Florida USA
January 2005

On December 21, 2004, ODI (Ocean Design, Inc.) held its ground breaking ceremony for their new corporate headquarters in Daytona Beach, Florida, USA. The new $13M, 100,000 square-foot facility, will consolidate all operations from their existing four separate buildings in Ormond Beach. Completion of the facility is expected by the end of 2005.

One of the streets into the new business park will be designated "Cairns Way" after Dr. James Cairns, Co-founder and Chairman of the Board, who formed ODI in 1988 in a garage in Holly Hill, Florida, with less than 5 employees. The company now staffs approximately 200 worldwide.

ODI is the world leader in subsea electrical and fiber-optic interconnect systems. The new state-of-the-art facility will enable ODI to continue to broaden the high technology products and services it offers in the various markets, such as Oil & Gas, Defense & Communications and Oceanographic Research. In addition to its vertically integrated operations, ODI's capabilities include hyperbaric, environmental, tension, material, electrical and optical testing, in accordance with national and international standards. ODI also manufactures critical outboard submarine cables, and has received Navy certification of compliance to naval mandated protocol.

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ODI - Ocean Design, Inc.
1026 North Williamson Blvd., Daytona Beach, FL 32114 USA ..tel +1 386 236 0780 ....888 506 2326 ....fax +1 386 236 0906

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