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Statoil Venezuela WatchMaster™ Buoy 
AXYS Technologies Inc. (AXYS) wins contract to provide WatchMaster™ Oceanographic and Meteorological Data Collection Buoy in Plataforma Deltana Block IV, operated by Statoil in Venezuela.
Through its Venezuela Agent, Geofísica y Posicionamiento Satelital (GPS), AXYS Technologies Inc. (AXYS) has won a competitive contract from Consorcio Oceanográfico Geohidra – Incostas (CGI) for the supply of a WatchMaster™ oceanographic and meteorological data collection buoy. The AXYS WatchMaster™ will be Venezuela’s most remote buoy station, being deployed to support Statoil’s exploration activities in 800m of water, more than 300km off the Venezuelan coast.
The AXYS WatchMaster™ is a rugged, lightweight buoy with exceptional stationkeeping and a long life expectancy. The 2.5m diameter solar-powered WatchMaster™ is outfitted with a variety of water quality and meteorological sensors. Data from the sensors is collected by AXYS' WatchMan™ data acquisition system and transmitted to a shore station by Inmarsat C satellite telemetry. Program users will be able to access station data on a web site set up by CGI.
The WatchMaster™ was shipped to Venezuela in early January 2006 for AXYS-supervised deployment in February 2006.
Terms of the sale are confidential and have not been provided.
AXYS Technologies Inc. designs, manufactures, distributes and maintains remote environmental data acquisition, processing and telemetry systems. For further information please visit www.axystechnologies.com or contact AXYS at: info@axystechnologies.com
Norway’s Statoil is an integrated oil and gas company with more than 25,400 employees active in 31 countries. For further information please visit www.statoil.com
Consorcio Geohidra – Incostas (CGI) is a consulting engineering consortium based in Venezuela that specialises in offshore studies and services. For further information please visit www.incostas.com or contact Hernán Pardo at: hpardo@incostas.com
GPS is a consulting engineering company that specialises in the provision of expert technical solutions to a wide variety of public and private sector clients throughout South America. For further information contact Juan Vincente Font at: jfont@gpsca.com
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