Odyssey Marine Exploration, Inc., together with its subsidiaries, engages in the seafloor mineral exploration, and search and recovery of deep-ocean shipwrecks worldwide. Deep-Ocean Shipwreck Exploration The company’s shipwreck projects go through various phases, beginning with research of historical records and academic materials, to establish potential target sites for search operations. The company’s research department maintains data on various shipwrecks and continuously develops new potential projects. Deep-Ocean Mineral Exploration The company provides exploration services, including geophysical and geotechnical assessments of seabed mineral deposits to companies, including Odyssey subsidiaries and companies in which Odyssey holds an equity position, as well as governments around the world as a full-service contractor or as a resource development partner. Operational Projects and Status The company has various deep-ocean projects in various stages of development around the world. SS Central America Project In 2014, the company was awarded a contract to conduct an archaeological excavation and recover the remaining valuable cargo from the SS Central America shipwreck located approximately 160 miles off the coast of South Carolina. HMS Victory Project In 2008, Odyssey discovered the shipwreck of HMS Victory (lost 1744) and, with the permission of the UK Ministry of Defence, recovered two cannons to aid in positive identification of the shipwreck. Odyssey is recognized as the salvor-in-possession of the wreck by the MHF and under maritime law. Gairsoppa Project In 2010, the company was awarded the exclusive salvage contract for the cargo of the SS Gairsoppa by the United Kingdom Government Department for Transport. Commodity Wreck Program The company has negotiated salvage contracts with ship owners that would award 90% of the net recovered cargo value to Odyssey for four separate deep-ocean shipwrecks carrying commodities when they sank. Subsea Mineral Mining Exploration Projects Neptune Minerals, Inc. The company owns approximately 6.2 million Class B non-voting shares of Neptune Minerals, Inc., a company focused on discovering and commercializing high-value mineral deposits. Chatham Rock Phosphates, Ltd. In 2012, the company received 9.3 million shares of Chatham Rock Phosphates Ltd., which holds a license covering approximately 4,000 square kilometers off the coast of New Zealand. History Odyssey Marine Exploration, Inc. was founded in 1986.
odyssey marine exploration
(OMEX:Consolidated Issue listed on NASDAQ Capital Market)
5215 West Laurel Street
Tampa, FL 33607
|Price/Cash Flow||NM||Not Meaningful|
Sponsored Financial Commentaries
To contact ODYSSEY MARINE EXPLORATION, please visit www.shipwreck.net. Company data is provided by Capital IQ. Please use this form to report any data issues.