Deep Reach Technology, Inc. Receives Contract from an Ocean Mining Exploration Company for Design of a Novel Manganese Nodule Collector Vehicle

Houston, Texas (USA) – October 2014

Deep Reach Technology, Inc. (“DRT”) is pleased to announce that it has been awarded a contract to design a novel collector for deep sea nodule mining. The novel collector operates independently of the riser and lift system. It allows multiple collecting vehicles to feed nodules to a centralized lift system for more efficient recovery and servicing of the collector vehicles.

The DRT team includes a number of design and academic leaders in the field of marine technology and deep-sea mining. For further information contact Mr. Steven Rizea, DRT President at SRizea@deepreachtech.com or Dr. John Halkyard, Chairman, at JHalkyard@deepreachtech.com.