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News Release from ODIM Spectrum Ltd. (10th March 2006)
ODIM Defense Systems Officially Opens in Johnstown, Pennsylvania
ODIM Spectrum (Canada), a leader in developing advanced handling solutions for the international naval industry, is pleased to announce the opening of its new U.S. subsidiary, ODIM Defense Systems, Inc. The company’s initial focus will be on producing elements of the CSTRS system (Carriage, Stream, Tow and Recovery System), which is a removable airborne mine warfare platform for the US Navy’s MH-60S helicopter. CSTRS is capable of carrying all of the Navy's key organic mine warfare equipment, including towed sonar, laser mine detection and mine neutralization systems. ODIM Spectrum designed and has produced the CSTRS composite winch and tow sheave system under subcontract to Concurrent Technologies Corporation (CTC).
“We’re excited about establishing a company in Johnstown and to having a U.S.-based ODIM facility to pursue design and production opportunities. We’re also looking forward to becoming an active member of the Johnstown area business community,” said Andy Roy, President of ODIM Spectrum. “The commitment of civic leaders to building the defense contracting industry in Western Pennsylvania has drawn us to the region, and our objective is to grow through collaboration with industry partners. In addition to supporting CTC, we’re also proud to be key supplier to nearby Argon ST (Uniontown, PA), designing and supplying equipment in support of the USN’s surface ship torpedo defense program”.
“I am pleased to be heading up ODIM’s new operations in Johnstown”, remarked James Fritts, General Manager for ODIM Defense Systems, Inc. “ODIM’s talented professional staff have a track record of delivering world class handling solutions, and I look forward to representing the firm in the local market”.
ODIM has developed unique solutions for a wide array of clients and end-user navies. The Company is proud to be a major subcontractor to leading naval contractors, including such firms as: Argon ST, CTC, EDO Combat Systems, General Dynamics Canada, L-3 Communications Ocean Systems, Lockheed Martin NE&SS, Thales Underwater Systems and Ultra Electronics.
For more information on ODIM Spectrum, please visit our website at: http://www.odim-spectrum.com. ODIM Spectrum Ltd. is a subsidiary of ODIM ASA, a publicly traded company on the Oslo stock exchange ( web site: http://www.odim.no ).

For further information, please contact either:
Jim Fritts,                                or
General Manager
ODIM Defense Systems, Inc.
PO Box 1332
Johnstown, PA, USA, 15907-1332
Tel: (814) 525-7718
Email: jfritts@odim-spectrum.com
Keith Furevick,
Director of Business Development
ODIM Inc.
597 The Queensway
Peterborough, Ontario, Canada K9J 7J6
Tel: (705) 743-9249 Ext.281
Email: info@odim-spectrum.com