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◊ Gardline Marine Sciences
   Acquires 75% Share of
   Alpine

◊ Refit Begins on Alpine's
   New Offshore Survey
   Vessel

Gardline Marine Sciences Acquires 75% Share of Alpine
In April of 2009 Alpine became part of the Gardline Group of Companies through a 75% stock purchase agreement. Alpine’s management team and corporate structure remain intact. Alpine and Gardline management have a history of collaboration that extends over more than a decade. The presence of established personal relationships and a common philosophy towards operating and managing a business have helped to make the transition process virtually seamless.

Becoming part of the Gardline Group was a natural progression in Alpine’s strategic plan to grow its US operations and the new relationship offers significant advantages to both companies. Alpine gains financial resources to fuel its growth and a significant number of additional services to add to its already extensive portfolio of offshore offerings. Gardline gains a strong entry into the US Offshore Survey market which it hopes to leverage into a major presence in North America.

Gardline has already begun to invest in Alpine’s growth by committing to a $2.5 million refit of a new survey vessel aimed at the coastal market with a specific eye towards the burgeoning offshore wind industry. In addition, Alpine, through the Gardline Group, can now offer its clients a variety of new services ranging from geotechnical surveys to passive acoustic mammal monitoring services, from full ocean going geophysical and hydrographic vessels to specialized deep water benthic monitoring systems.

The Offshore Wind Industry in the US stands to gain particularly from Alpine having Gardline as a partner. Gardline has been involved in offshore wind farm projects in Europe from their infancy and, through Alpine, will now be able to bring the extensive experience it has gained to the US market. With Alpine’s over 50 year track record performing surveys in the very areas now being contemplated for offshore wind farm development, the Alpine/Gardline relationship is guaranteed to benefit any project.

Being part of the Gardline Group is opening an exciting new chapter in Alpine’s long history and we look forward to bringing the advantages of this new relationship to bear on projects of old and new clients alike.

Refit Begins on Alpine's New Offshore Survey Vessel

In 2008, Alpine said its farewell to the R/V Atlantic Twin after 40 years of faithful service.

In November of 2009, Alpine began a major refitting project on its replacement for the R/V Atlantic Twin. The new vessel will be a state of the art survey platform designed to work in coastal environments. The aluminum catamaran design (built by the US Coast Guard) will offer the perfect combination of stability and shallow draft for coastal work, while its size and layout will allow for 24hr operations with a 20 person crew.

The refit project encompasses a complete gutting of the original vessel. New engines, azimuth thrusters, generators, hydraulics, A-frames (stern hydraulic and starboard fixed), crane, and bridge electronics will be installed. Two 3’ moon pools are being fitted into the hull and a dedicated lab space is being built. In addition, the vessel will have a dedicated office space and comfortable sleeping quarters.

The vessel is expected to be operational beginning in June of 2010.

Current specifications are as follows:

      ●  110’ x 40’ Aluminum Twin Hull Research Vessel
      ●  Propulsion: 2 x 450 Hp Azimuth Drives
      ●  Generators: 2 x 133 KW Generators
      ●  Crane: Hydraulic Crane with 2 Ton Capacity at 38 foot boom extension
      ●  10 Ton Hydraulic stern A-Frame
      ●  10 Ton Starboard Fixed A-Frame
      ●  Dedicated Equipment handling winches
      ●  14 Days Fuel Autonomy
      ●  Desalination System
      ●  2 (Port and Starboard Hulls) x 3 foot diameter Equipment Moon Pools
      ●  Dedicated Lab Space
      ●  Dedicated Office Space
      ●  Sleeping Quarters for 20 people including crew

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