Caterpillar to Sponsor OCEARCH, Performing Global Shark Research on the Ocean
Sponsorship will help fund sustainable marine practices to further research on
sharks—a key member of the ocean's ecological system
PEORIA, Ill., Feb. 14, 2013
PEORIA, Ill., Feb. 14, 2013 /PRNewswire/ -- Caterpillar Inc. (NYSE:CAT) and
OCEARCH have agreed to a multi-year partnership that will help propel the
OCEARCH organization's global research on sharks. OCEARCH has led 15
expeditions to safely research the breeding, feeding, migration and birthing
patterns of these ocean creatures.
"Most people think sharks are invincible," said OCEARCH founder Chris Fischer.
"But they are in real danger*. We must find a sustainable path forward because
sharks play a crucial role in maintaining balance in the delicate oceanic
ecosystem. Now, thanks to the generous sponsorship of Caterpillar, we can
continue our critical research expeditions that generate the data needed to
inform policy makers, students and the general public on this issue."
Fischer's vessel, the MV OCEARCH, already relies on Cat® power in the water.
The boat with its team of scientists and crew runs on two Cat engines and has
three Cat generators on board that power an at-sea laboratory, custom-built
hydraulic lift and 55,000-pound capacity research platform with the capability
of handling 5,000-pound sharks.
"OCEARCH's significant work is advancing our knowledge and sustaining the
waters that are so vital to people and economies around the world," said Tom
Frake, Caterpillar vice president with responsibility for the Marine and
Petroleum Power Division. "The fact he's a loyal Cat customer is an added
bonus. We're proud to associate our two brands, which share common values,
high levels of success and a commitment to sustainability."
Because OCEARCH's work occurs in waters around the globe, Fischer understands
and depends on the unmatched support of Caterpillar's network of dealers.
"Seconds matter in our research," said Fischer. "The last thing you want is
your power supply to fail when you're trying to tag a two-ton great white
shark on the hydraulic lift. If we need a part, I know a call to the local Cat
dealer will be answered quickly, and we'll be back in business. The
dependability of Cat equipment along with their global dealer network makes
them the ultimate global enabler for our research, and we are proud to call
them a partner."
"Chris doesn't have to be shown the benefit Caterpillar's business model can
bring to his operation—he intrinsically understands the value because he's
lived it for years," said Caterpillar Global Brand Marketing Manager Diane
Lantz-Rickard. "He believes in our products and support; we believe in the
work he's doing for our planet. It's a satisfying match."
OCEARCH embarks on its first Caterpillar-funded expedition on February 21,
2013. When his crew leaves Jacksonville, Florida, they'll spend the following
20 days at sea conducting critical research on great white sharks with leading
researchers such as Dr. Greg Skomal of the State of Massachusetts and Dr.
Robert Hueter of Mote Marine Laboratory in Sarasota, Florida.
*The International Union for Conservation of Nature (IUCN) has determined that
of the shark and ray species assessed, 30 percent are threatened or
near-threatened with extinction.
For more than 85 years, Caterpillar Inc. has been making sustainable progress
possible and driving positive change on every continent. With 2012 sales and
revenues of $65.875 billion, Caterpillar is the world's leading manufacturer
of construction and mining equipment, diesel and natural gas engines,
industrial gas turbines and diesel-electric locomotives. The company also is a
leading services provider through Caterpillar Financial Services, Caterpillar
Remanufacturing Services and Progress Rail Services. More information is
available at: http://www.caterpillar.com.
OCEARCH is a non-profit organization with a global reach for unprecedented
research on the ocean's giants, supporting leading researchers and
institutions seeking to attain groundbreaking data on the biology and health
of sharks, in conjunction with research on shark life history and migration.
The researchers OCEARCH supports work aboard theMV OCEARCH, a126' vessel
equipped with a custom 55,000 hydraulic lift and research platform, which
serves as both mothership and at-sea laboratory. In addition to enabling
unprecedented research at sea, Caterpillar's support of the OCEARCH vessel and
team enables generation of data that is required to complete critical studies
as well as educating students and the public through the Global Shark
Tracker. More information can be found at www.ocearch.org, including access
to the Global Shark Tracker.
SOURCE Caterpillar Inc.
Contact: Rachel Potts, Global Government & Corporate Affairs, +1-309-675-6892,
firstname.lastname@example.org; or Chris Berger, +1-321-231-3300, press@OCEARCH.org
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