JDR NAMES IDAR HATLØY EXECUTIVE VICE PRESIDENT

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Krimpen, The Netherlands – 25 August 2010 – JDR Marine Cables

Idar Hatløy has been appointed Executive Vice President, Sales & Marketing for JDR Marine Cables B.V. covering seismic and defense markets worldwide.

Han van Veen, Managing Director, JDR Marine Cables said, “Idar will bring a wealth of experience to our team with his vast knowledge of our products, familiarity with our market and ability to add value to our client relationships with his technical background and aptitude for finding solutions.”

Formerly the Senior Vice President Sales & Marketing for Odim ASA, Hatløy is a 20-year veteran in the seismic industry, with an emphasis in electrical and software engineering. Hatløy holds an Electrical Engineering degree from Gjøvik College of Engineering.

“We are extremely fortunate to have Idar join our team. His impressive background and extensive hands-on experience in the seismic industry is particularly well-suited to our technically innovative market approach”, said Pat Herbert, CEO, JDR Cable Systems (Holdings) Ltd.

Hatløy will be based in Norway.

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