Michael C. Hedger

Bolt Technology Corp. engages in the development, manufacturing, and selling of marine seismic data acquisition equipment and underwater remotely operated robotic vehicles. The company operates its business through four segments: Seismic Energy Sources, Underwater Cables and Connectors, Seismic Energy Source Controllers and Underwater Robotic Vehicles. The Seismic Energy Sources segment develops, manufactures and sells marine seismic energy sources and replacement parts. The Underwater Cables and Connectors segment develops, manufactures and sells underwater cables, connectors, hydrophones, depth and pressure transducers and seismic source monitoring systems. The Seismic Energy Source Controllers segment develops, manufactures and sells air gun controllers/synchronizers, data loggers and auxiliary equipment. The Underwater Robotic Vehicles segment develops, manufactures and sells underwater remotely operated robotic vehicles used for a variety of underwater tasks. Bolt Technology was founded by Stephen Chelminski and is headquartered in Norwalk, CT.

Part of Teledyne Technologies, Inc., AG Geophysical Products, Inc. develops underwater air gun hydrophones and pressure transducers for the marine seismic industry. The company is based in Cypress, TX. AG Geophysical Products was acquired by Bolt Technology Corp. on April 21, 1999 for $13.61 million.