Perry Slingsby - Press Release - October 19, 2005

Perry Slingsby Systems has received a contract
from Geoconsult AS for one ROV system

Perry Slingsby Systems (PSS), an international provider of remote intervention technologies and equipment systems, is pleased to announce that Geoconsult AS has recently exercised their option for an additional 3000 meter Triton® XLS system. Triton® XLS 16 is the first in a series of 150HP rated systems scheduled for delivery Q2 2006. Triton® XLS 16 will include the additional high -specification survey capability and enhanced thrust output that is a standard Geoconsult Triton® XLS configuration.

Martin Anderson, Managing Director and CEO, Perry Slingsby Systems, commented “We are very pleased to be supporting Geoconsult AS in meeting their ROV fleet expansion needs. Our field proven systems and history in robustness, reliability and on time delivery are clear contributing factors to Geoconsult AS's selection of PSS.

Perry Slingsby Systems, a member of the Technip Group, is an internationally recognized provider of remote intervention technologies and equipment systems. Perry Slingsby Systems focuses on six principal Business Lines: Remotely Operated Vehicles (ROVs), Trenchers and Robotics; Standard and Bespoke Tooling Systems; Support Services; Defense; Process and Control Products; Geotechnical and Seabed Systems. For nearly 50 years, from facilities in the US and in the UK, sales offices and agents around the world, Perry Slingsby Systems has solved customers' remote intervention challenges with design and engineering innovations that have become the benchmark for reliability and cost efficiency.

For further information, please contact:

USA: PERRY SLINGSBY SYSTEMS, INC.
Natasha Trenorden - Business Planning & Marketing Systems
pssi@us.perrymail.com

821 Jupiter Park Drive, Jupiter, FL 33458
Tel: 561-743-7000
Fax: 561-743-1313
Internet: http://www.perryslingsbysystems.com