Contract inked for underwater device

NORTH FALMOUTH, Mass. -- Teledyne Benthos recently signed a five-year contract with the U.S. Naval Oceanographic Office for deep-sea equipment to collect underwater data. The value is $6 million. The company had a similar contract with the Navy that expired last year. The products covered by the contract include technology that allows devices anchored to the ocean floor to be released remotely via acoustics for retrieval. The devices, often used to monitor data such as ocean currents, can often be deep under water for a year at a time. This remote system eliminates the need to use a vessel or submersible to retrieve the device. (Source: Cape Cod Times, 06/14/12)