Oceaneering International, Inc. Extends and Expands Managed Services Agreement with Harris CapRock

Highlights:

Multi-year agreement includes Oceaneerings operated fleet of vessels

Utilizes Harris CapRock's new uncontended TDMA network architecture

Solution significantly improves Oceaneering's bandwidth flexibility

Oceaneering has extended and expanded its agreement for Harris CapRock Communications to deliver managed communications services onboard Oceaneering's operated fleet of vessels. The agreement was signed during the third quarter of Harris' fiscal 2016.

Harris CapRock will deploy voice and data services over its new uncontended Time Divisional Multiple Access (TDMA) network. This architecture allows access to committed bandwidth levels at all times - an advancement over traditional contended TDMA networks that share bandwidth across multiple satellite circuits.

The agreement includes initiating services onboard Oceaneering's multiservice support vessel currently under construction, to be named the Ocean Evolution.

Harris CapRock not only configured a network design which addresses our bandwidth flexibility needs across our fleet, but also simplified pricing for us with one global rate, said Mark Stevens, Director of Communications-Global Data Solutions, Oceaneering.

Harris CapRock's global pricing model is a critical component of the Harris CapRock One Clear Path commitment - offering a robust, always-on communications experience delivered by a secure, optimized network that is supported by a worldwide redundant network infrastructure for a single price worldwide.

About Harris CapRock Communications

Harris CapRock Communications is a premier global provider of managed satellite, terrestrial and wireless communications solutions for primarily the maritime and energy markets. Harris CapRock provides One Clear Path for its customers by utilizing a robust global infrastructure that includes teleports on six continents, five 24/7 customer support centers, a local presence in 24 countries and hundreds of global field service personnel supporting customer locations across North America, Central and South America, Europe, West Africa, Middle East and Asia Pacific. Learn more at harriscaprock.com.

About Harris Corporation

Harris Corporation is a leading technology innovator, solving our customers' toughest mission-critical challenges by providing solutions that connect, inform and protect. Harris supports customers in more than 125 countries, has approximately $8 billion in annual revenue and 22,000 employees worldwide. The company is organized into four business segments: Communication Systems, Space and Intelligence Systems, Electronic Systems, and Critical Networks. Learn more at harris.com.

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Forward-Looking Statements

This press release contains forward-looking statements that reflect managements current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

LINK:	https://www.harris.com/press-releases/2016/06/oceaneering-internationa...
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