Ocean Systems News

Press Release

For Immediate Release

Jeppesen purchases Ocean Systems Inc.
to grow marine business

ENGLEWOOD, COLO., March 12, 2008 — Jeppesen today announced the purchase of Ocean Systems, Inc., a leading provider of vessel and voyage optimization solutions. Ocean Systems will become a part of Jeppesen’s marine division. Jeppesen is a wholly-owned subsidiary of Boeing Commercial Aviation Services.

Ocean Systems’ vessel and voyage optimization solutions reduce vessel fuel consumption, while enhancing safety and schedule reliability. Ocean Systems will complement the operations management solutions Jeppesen is bringing to market.

“We are very pleased to welcome the Ocean Systems team to the Jeppesen and Boeing families,” said Mark Van Tine, Jeppesen president and CEO. “The voyage optimization solutions developed by Ocean Systems deliver increased safety and substantial fuel savings over conventional route planning methods. In addition to improving customer operating efficiencies, the resulting voyage optimization helps them to reduce greenhouse gas emissions and their overall environmental footprint,” added Van Tine.

“We are excited to become an integral part of Jeppesen’s and Boeing’s marine solutions,” said Dr. Henry Chen, president of Ocean Systems, Inc. “With their support and resources, we will make a great contribution to the advancement of maritime transportation technologies,” added Chen.

Ocean Systems is based in Alameda, California.

The companies are not disclosing terms of the transaction, which will not affect Boeing’s financial guidance.

For more information on Ocean Systems, visit www.ocean-systems.com.

For more than 70 years Jeppesen has made it possible for pilots and their passengers to safely and efficiently reach their destinations. Today this pioneering spirit continues as Jeppesen delivers essential information and optimization solutions to improve the efficiency of air, sea and rail operations around the globe. Jeppesen is a subsidiary of Boeing Commercial Aviation Services, a unit of Boeing Commercial Airplanes.

Jeppesen product and corporate information is available online at www.jeppesen.com.

OSI receives Type Approval for 2nd Generation Voyage Data Recorder Protective Data Capsule

OSI has received Type Approval from Det Norske Veritas (DNV) for its 2nd Generation Protective Data Capsule (PDC), a required sub-unit of the IMO mandatory Voyage Data Recorder (VDR), in August 2007. This compact low-cost fixed-onboard protective data capsule stores IMO-required data, audio and radar video for the specified 12 hours. Optional units with larger capacity can store up to 72 hours worth of data. The OSI PDC features a fast and simple network drive interface, and a proven robust marine design. OSI’s PDC manufacturing processes are fully QA/QC certified by DNV. For pricing and availability, please contact OSI.

Ocean Systems cited by Nothrop Grumman as World Class Team member

Alameda, California USA – 13 December 2006 - Ocean Systems Inc. (OSI) received a World Class Team Award from Northrop Grumman Sperry Marine at the Annual Corporate Socio-Economic Business Development Recognition Awards Luncheon held in Manhattan Beach, CA. The award is in recognition of OSI's contribution to the success of Sperry Marine's VDR program, including development and support of VDR Server and Playback software, as well as the Protected Data Capsule (PDC).

Ocean Systems expands IMO Voyage Data Recorder (VDR) sub-system offering

Alameda, California USA – 1 August 2003 - Ocean Systems, Inc. (OSI), a designer and manufacturer of IMO voyage data recorder sub-systems has released several new Voyage Data Recorder sub-systems. While not a direct seller of VDRs, Ocean Systems markets several key VDR sub-systems to VDR makers, integrators and distributors worldwide. OSI’s customers have delivered over 200 VDRs during the last several years.

In 2003 OSI also started delivery of OEM VDR audio and video kits. The audio kit includes an audio mixer PCB, PCI soundboard, and microphones. The video kit includes a video capture PCB and an optional multiple (4X) video input PCB. With the optional multiple video kit CCTV, ECDIS, second radar or other video inputs can be interfaced to the VDR. In addition, OSI offers VDR engineering services, and software modules.

Ocean Systems moved its headquarters from Oakland to Alameda, California last year to meet growing engineering and manufacturing demands. Ocean Systems is a provider of vessel weather routing systems, vessel performance and fuel conservation decision support solutions, voyage data recorder OEM modules and naval architecture engineering services.