Ocean Aero Signs Multi-Million Dollar Deal with Department of Defense

San Diego, CA – Ocean Aero (www.oceanaero.us) announced today that it
signed a multi-million dollar two-year contract with the Department of
Defense under the Rapid Innovation Fund (DoD RIF) program. Ocean Aero
was selected to create a prototype Long Range Unmanned Underwater and
Surface Vessel, similar to their current Submaran model.  This contract
is the result of a year of developing this exclusive concept, drafting
and writing the proposal, as well as negotiating the contract with the
DoD.

The Department of Defense’s Rapid Innovation Fund (RIF) was
created to implement small business technologies into programs designed
for national security needs. RIF issued a Broad Agency Announcement
(BAA) early last year looking for firms who had the ability to produce a
“long range, high endurance hybrid unmanned underwater/surface vehicle
that can transit for long, open ocean distances on the surface with a
relatively low signature and then submerge to avoid surface traffic; and
conduct intelligence, surveillance, and reconnaissance (ISR)
operations.”

CEO and President, Eric Patten, noted the magnitude
and value this contract to the local San Diego business, “We are very
excited about this opportunity to grow as a company and demonstrate how
valuable the Submaran is to major organizations around the world.  This
contract further validates that our team is on the right path with our
technology and vision.”

Ocean Aero (www.oceanaero.us) is San
Diego based business focused on developing autonomous, highly
persistent, energy scavenging, solar/wind powered vessels. The
“Submaran”, a new class of Unmanned Underwater, Surface Vessel (UUSV
combines surface and subsurface performance in a unique transformable,
self-propelling body, capable of long missions in extreme conditions.

Ocean Aero Contact: Meg Patten at meg.patten@oceanaero.us