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Nova Ray Partnership to Promote ROV for Homeland Defense
By Marc Geriene (January 17,
2003)
Kirkland, WA: Nova Ray Submersible Systems has partnered
with Trinity River Capital Ventures, L.L.C. (Trinity River),
a merchant banking firm headquartered in Dallas, Texas.
The firm will provide expertise in business enterprise and
growth capitalization to help Nova Ray, Inc. take to market
its patented submersible remotely operated vehicle (ROV)
called the Nova Ray�.
Marc Geriene, CEO of Nova Ray, stated, "The Trinity River
team offers tremendous resources and talents to help the
company achieve its market leadership goals in homeland
port security and rapid response. We are pleased to be working
with them."
Nova Ray's market focus is defense against terrorism in
waterway commerce internationally, he said. He further noted
that Nova Ray's� portability and ease of operation also
meet the needs for rapid response water rescues and inspections
of pipelines, cables, dams and reservoirs. "We have solved
some very limiting factors for ROVs," he said.
C. Dewey "Dee" Elliott, III, Trinity River's COO, said,
"We were immediately impressed with the innovative arcuate
wing design of the Nova Ray� that adds stability and maneuverability.
The ROV's existing patents substantially increase its value
in the marketplace." A former naval officer, Mr. Elliott
sees the vision for the underwater vehicle in port security
and homeland defense.
Mr. Geriene added, "The Nova Ray's� universal design, superior
technology and flexibility make it the ROV of choice for
ship hull inspections and military response initiatives.
With 95% of annual US trade passing through 360 ports worldwide,
port and coastline security are extremely challenging issues,"
he said.
"The Nova Ray� is an innovative solution for thwarting
terrorist assaults against the more than 87,000 ships annually
moving materials worldwide," Mr. Geriene said. He added
that this includes 335 tankers carrying bulk oil, gas, chemicals
and liquid natural gas worldwide each year that the Nova
Ray� could inspect for terrorist assaults.
Lightweight and highly portable, the Nova Ray� operates
in strong currents up to 9 knots, has quick response time,
and can be towed and/or use thruster power to descend to
depths up to 500 feet. Future models will expand on these
features.
Nova Ray and its intellectual property stem from seven
years of research and development. Mr. Geriene and his brother,
Krist, called upon their expertise as commercial divers,
ROV pilots and business owners in developing the Nova Ray's�
innovative design and market applications.
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