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Statoil Innovation Invests in Marine Cybernetics by a Share Issue

Marine Cybernetics (MC) was founded by four NTNU professors, one business consultant and one attorney by law December 2002. The company is located in Trondheim, Norway at Innovasjonssenteret Gløshaugen.

Marine Cybernetics (MC) was founded by four NTNU professors, one business consultant and one attorney by law December 2002. The company is located in Trondheim, Norway at Innovasjonssenteret Gløshaugen.

Marine Cybernetics offers independent testing and certification of control systems on ships and offshore installations using unique Hardware-In-the-Loop (HIL) testing technology.

The development is done in cooperation with Det Norske Veritas (DNV), which has introduced a new safety regime for certification of control systems base on this technology. The services and products by Marine Cybernetics are offered to vendors, yards, ship operators, contractors, oil companies and class societies.

Advanced control systems that are used for dynamic positioning, navigation, autopilots, crane operations, and drilling are of increasingly importance for safe and cost-effective operations of ships and offshore installations during manoeuvring, diving, pipe laying, installation, drilling, etc.

Statoil has been a prime mover through its LUP supplier development programme. The development was also funded by DNV and Innovation Norway. Other project partners included Kongsberg Maritime, Norsk Hydro, NTNU and a group of contractors, shipping companies, suppliers, yards and government agencies.

With the new technology of Marine Cybernetics the control systems can be thoroughly tested while the vessel is being built and during operations. This results in improved safety and reduces time and cost for sea-trials and down-time under regular operations. In addition, the technology opens for simulator-based training of DP operators and verification of operational procedures.

Statoil wishes by its entry on the ownership of Marine Cybernetics strengthen the technology development in order to improve safety and efficiency in offshore operations. Statoil does also consider this as an enabling technology for future remote operation of offshore installations.

Marine Cybernetics expects a strong growth due market break through. New large development contracts in cooperation with Statoil, DNV, Hydro, NTNU, contractors, ship operators and vendors are started. Innovation Norway gives a significant contribution in the development phase in addition to international market roll out.

Statoil Innovation is a wholly-owned investment company by Statoil, and invests in companies which support Statoil's technology strategy.

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