FarSounder, Inc., a provider of 3D Forward Looking Marine Sonar Systems, signed a contract with New World Ship Management to supply navigation and obstacle avoidance sonar systems on the 340 ft., 128-passenger Clipper Odyssey and the 330 ft., 122-passenger Clipper Adventure.
More Press Coverage for FarSounder's FLS and OAS Products
FarSounder's FS-3 and FS-3DT sonars continue to receive press coverage. Most recently, the products have been featured in industry journals The Yacht Report (January/February, 2004: page 29), Marine News (March, 2004: page 33), Ocean News and Technology (January/February, 2004: page 14), and Maritime Security Source Book (February, 2004: page 22).
Full text from the the Marine News article is as follows:
Device can save industry $2 to $3 billion in annual damages from collisions
To win financing, small-business CEO Cheryl Zimmerman perfects her pitch
CAMBRIDGE, Mass. -- Cheryl Zimmerman sits on the couch with a nervous laugh. Less than 30 minutes until showtime and she looks relaxed. Already at least 100 people wait in the Massachusetts Institute of Technology auditorium.
A sonar-type device was invented in 1906, six years before the sinking of the Titanic, to detect icebergs, but it was a passive listening device that did not send out signals and could not have saved the Titanic from its massive collision with an iceberg.
The sailing just got smoother for Narragansett's FarSounder Inc.
The start-up technology company -- whose sonar system prevents ships from running aground -- will be named today as the winner of this year's $50,000 Rhode Island Business Plan Competition.