people & companies $700,000 to be paid in cash over the next 12 months. Founded in 1977 and based in Salt Lake City, Colmek is a well-respected systems integrator with more than 25 years of experience working on classified government projects. The company currently serves as a subcontractor for such important primes as Northrop Grumman, Raytheon, and SAIC. 3D image of the sea floor and inwater objects at navigationally significant ranges with a single ping. They offer visualization of a clear, easy to understand 3D sonar image. gram of ArcticNet, a Canadian Network of Centers of Excellence bringing together over 110 researchers from 27 Canadian universities, with 5 Federal departments collaborating with research teams in the USA, Japan, Denmark, Sweden, Norway, Poland, the United Kingdom, Spain, Russia, Greenland, and France. The 470 kHz Continental has a maximum profiling range of 120 m, while the 190 kHz Continental has a profile range of up to 250 m. The Aquadopp Current Meter is rated for deployment depths of up to 2,000 m. Nautilus Raises $175m Nautilus Minerals Inc. announced that, following the closings of the previously announced private placements in the United Kingdom on AIM and in North America, under which the company raised aggregate gross proceeds of $175 million, the shareholdings of its four major shareholders in the issued common shares of the Company before and after the Private Placements are as follows (% of Common Shares after Private Placements): Epion Holdings (16.8%); Anglo American (6.4%); Teck Cominco (5.8%); Barrick Gold (3.7%). RBR Appoints LUNUS RBR Ltd. (Ottawa, Canada) signed an agreement with LUNUS to market and support its oceanographic and environmental products in Brazil. FarSounder Chosen for "The World" When cocktail party conversation turns to "how's business," Farsounder's Cheryl Zimmerman can proclaim 'we're supplying 'The World.' The World, in this case, is a unique private luxury condominium cruiseship for ResidenSea's, that will be outfitted with a FarSounder navigation and obstacle avoidance system installed during its spring drydock scheduled for Lisbon, Portugal. This system provides The World increased accessibility to explore many of the unique and remote areas it cruises to while also providing an added level of navigation and obstacle avoidance capability for the benefit of all on board. Current products are used on commercial and private ships for obstacle avoidance and shallow water navigation. FarSounder FS-3 sonars are capable of generating a complete 52 MTR KDA Naval Systems Opens in U.S. With the appointment of Eric Levitt as Director of Sales and Marketing (US), Kongsberg Defense and Aerospace, Naval Systems has opened a business development office in the U.S. KDA Naval Systems core products include the C-Scope range of Harbor and Port Protection Systems, Topas Parametric SubBottom profilers, the C'Inspector Underwater Vehicle for Hull and Berth Scanning and a variety of Integrated Combat Management Systems for Frigates, MCM vessels and Submarines. Levitt brings five years of experience in Harbor and Port Protection systems from recent positions with Kongsberg Underwater Technologies and Kongsberg Mesotech, manufacturer of the popular SM2000 Diver Detection Sonar in use by the U.S. Navy. May 2007 NortekUSA Receives Contract A Canadian research consortium led by Université Laval received funding from the Canada Foundation for Innovation to enhance the scientific pool of equipment attached to the Canadian Research Icebreaker CCGS Amundsen. Based on a competitive bid process, NortekUSA has received orders from Université Laval for 24 deep-water Aquadopp Current Meters and 14 Continental Current Profilers. As part of this project, Nortek will also provide in-line mooring frames and on-site training. The instruments will first be used as part of the ocean monitoring pro-
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