Odfjell Drilling Awards Harris CapRock $13 Million Offshore Communications Contract

Highlights:
  • Two-year agreement includes three new contracts and four renewals
  • Turnkey VSAT communications to be managed onboard seven drilling units
  • Solution will enable VoIP, networking, Internet access and other services


HOUSTON, TX and STAVANGER, NORWAY – June 8, 2011

Harris CapRock Communications, a global provider of fully managed communications for remote and harsh environments, has been chosen by Odfjell Drilling to deliver turnkey Very Small Aperture Terminal (VSAT) communications to seven of its mobile offshore drilling rigs and drill ships currently operating in the North Sea and Africa, as well as those under construction in South Korea. Communications for three of the rigs are new contracts and the other four are renewals. The contracts are valued at approximately $13 million USD, including options.

“We require an end-to-end communications service so that our clients and Odfjell Drilling can focus on the day-to-day drilling operations and not worry about our connectivity,” said Erik Kjær Mjøs, frame agreement manager with Odfjell Drilling. “The operators onboard our rigs and drill ships expect our assets to be well-equipped with the latest in communications technology to enable their real-time operations requirements. By choosing Harris CapRock, we know we will have dependable connectivity for our clients and partners.

Harris CapRock will deploy VSAT communications to enable Voice over IP (VoIP), corporate networking, Internet access, real-time monitoring and reporting, and crew infotainment services to the drilling units. The turnkey solution includes equipment, service and 24/7 support from Harris CapRock’s global infrastructure and Network Operation Centers (NOC).

“Odfjell Drilling places a high priority on the welfare and satisfaction of its remote personnel,” said Keith Johnson, president of Global Energy Services, Harris CapRock Communications. “With our crew infotainment service, Odfjell Drilling can provide entertainment including live TV to its crews and also distribute important corporate information such as training and health and safety information. We provide the equipment, service and management of the service so Odfjell has one point of contact for its infotainment requirements.”

Harris CapRock Communications is a premier global provider of managed satellite and terrestrial communications solutions specifically for remote and harsh environments including the energy, government and maritime markets. Harris CapRock owns and operates a robust global infrastructure that includes teleports on six continents, five 24/7 network operations centers, local presence in 23 countries and more than 275 global field service personnel supporting customer locations across North America, Central and South America, Europe, West Africa and Asia Pacific.

About Harris Corporation

Harris (NYSE:HRS) is an international communications and information technology company serving government and commercial markets in more than 150 countries. Headquartered in Melbourne, Florida, the company has approximately $6 billion of annual revenue and more than 16,000 employees — including nearly 7,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications® products, systems, and services. Additional information about Harris Corporation is available at www.harris.com.

Forward-Looking Statements

Statements in this press release that are not historical facts are forward-looking statements that reflect management’s 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. Forward-looking statements in this release include but are not limited to: anticipated timing of the closing of the acquisition of CapRock and satisfaction of the conditions to closing, the impact of the acquisition on Harris earnings, and statements regarding outlook, including revenue and growth opportunities. 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. The company’s consolidated results and the forward-looking statements could be affected by many factors, including but not limited to: the loss of our relationship with the U.S. government or a shift in U.S. government funding; potential changes in U.S. government or customer priorities; risks inherent with large long-term fixed-price contracts, particularly the ability to contain cost overruns; financial and government and regulatory risks relating to international sales and operations; our ability to continue to develop new products that achieve market acceptance; the consequences of future geo-political events; strategic acquisitions and the risks and uncertainties related thereto, including our ability to manage and integrate acquired businesses; performance of our subcontractors and suppliers; potential claims that we are infringing the intellectual property rights of third parties; the successful resolution of patent infringement claims and the ultimate outcome of other contingencies, litigation and legal matters; customer credit risk; risks inherent in developing new technologies; changes in our effective tax rate; the potential impact of natural disasters or other disruptions on our operations; changes in future business conditions that could cause business investments and/or recorded goodwill to become impaired; and the recession in the United States and general downturn in the global economy. Further information relating to factors that may impact the company’s results and forward-looking statements are disclosed in the company’s filings with the SEC. The forward-looking statements contained in this release are made as of the date of this release, and the company disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

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