PROFILE OF HYDRACON COMPANY, INC.

Hydracon is an engineering and manufacturing organization with over 40 years of ocean and aerospace experiences, specializing in subsea products.

Hydracon was incorporated 1977 in Houston, Texas, and again in 1990 in Anaheim, California. Prior to Hydracon, the founder, Alex Pullos, had a long history of innovative engineering achievements in the subsea, aerospace, and offshore oil industries. His early experiences were with aerospace hydraulics firms Parker Hannifin Aerospace, Bertea Corp, and Futurecraft Corp. During the mid-60's, with North American Rockwell (now Boeing), he had designed and built several underwater research vehicles, and obtained several patents. During the early-70's he designed and built Hydril’s first subsea drilling control pod and shear-seal solenoid valve and other related products. With HydroTech International, he was responsible for controls for the "Deep Water Pipeline Repair" program. Hydracon (Texas) was the sales representative for Giannini, Brantner, Benthos, General Oceanics, and others.

In 1990 Hydracon (California) began engineering and manufacturing its own designs of submersible electric switches, solenoid valves, solenoid actuators, and a few other subsea products. By the end of 2002 Hydracon’s products had grown to well over fifty models, including NAVSEA qualified models.

New designs were introduced and old designs were upgraded:

• Switch 1809-100, developed for Pendant 1810-100, has resulted in a new series of models. The new models have no internal friction, have low hysteresis, provide greater actuation distances, faster actuation, greatly increased overtravel, and highly increased reliability.
• Switch models made of Titanium.
• Limit switch model 1812-100 for greatly increased overtravel.
• Submersible Solenoid Actuators are upgraded and available with a variety of options.
• Submersible and Nuclear Radiation Resistant switch models.
• Solenoid valve 1714-100 is an upgrade of 1700-100 for weight and size reduction.
• Metal-seat valve 1703-200, 1100 units shipped for use on a deepwater drilling system.

Customers of Hydracon include: