Liquid Robotics Announces BP as Exclusive Oil & Gas Corporate Supporter for the PacX Challenge

SUNNYVALE, CA and KAMUELA, HI--(Marketwire - Mar 14, 2012) - Liquid Robotics^®, an ocean data services provider and developer of the Wave Glider®, the first wave-powered marine robot, is pleased to announce BP has agreed to be the exclusive oil and gas industry supporter of the PacX Challenge. Designed to gain greater knowledge and understanding of our oceans, the PacX Challenge is a yearlong, scientific journey of four Liquid Robotics' Wave Gliders across the Pacific Ocean. While on their treacherous expedition over remote parts of the Pacific Ocean, these marine robots are collecting, transmitting and making available an unprecedented array of scientific data from ocean winds, wave heights, weather, oxygen, and currents to barometric pressure. This data is being made available by Liquid Robotics free to anyone who registers on http://www.liquidr.com/pacx/pacxdata/.

As part of the PacX Challenge, Liquid Robotics and BP have established a two-part grand prize that will be awarded to the person(s) whose research "best represents the spirit of exploration and discovery embodied by this journey." The grand prize consists of a $50,000 BP PacX Research Grant and six months of free Wave Glider data services from Liquid Robotics. The supporting $50,000 grant offered by BP will be given to the winner to subsidize managing the six-month Wave Glider mission and analyzing the collected data. Together, this prize provides scientists, educators and students around the world an unparalleled opportunity to advance ocean science and exploration.

"When we learned about the scientific goals of the PacX Challenge, we were eager to add BP's corporate support to this exciting exploration and ocean discovery," said Hunter Rowe, deputy technology manager, BP Crisis and Continuity Manager. "Projects like these underscore BP's long-held commitment to supporting technology that adds to our understanding of complex offshore environments and holds the potential to expand our expertise as one of the world's top oil and gas producers."

"The PacX Challenge is opening up the Pacific ocean to people who never dreamt of getting access to this quality and quantity of real time ocean data," said Bill Vass, CEO of Liquid Robotics. "I am convinced this expedition will inspire new scientific discoveries while demonstrating the ease and economics of ocean data services. With the addition of BP as our exclusive oil & gas supporter and through their generous BP PacX Research Grant, the PacX Challenge competition will stimulate scientific breakthroughs that will affect our lives for decades to come."

Those who are interested in competing for the prize are required to submit a one-page research abstract outlining their scientific intentions for the data collected during the PacX Challenge. Deadline for submissions is July 17, 2012. A board of distinguished U.S. and international ocean scientists will evaluate the submissions and select the top 5 finalists for presentation of their research proposals. From the presentations, a grand prizewinner will be awarded. For more information on the PacX Challenge, go to http://www.liquidr.com/pacx.

About the Wave Glider
The Wave Glider is the first marine robot to use only the ocean's endless supply of wave energy for propulsion (no manpower, no emissions, no refueling). The Wave Glider employs a multi-patented design that allows it to cost-effectively collect and transmit data gathered during yearlong missions, over distances of thousands of miles, or while holding station. Data from the Wave Gliders will provide new environmental and engineering support data for all aspects of offshore science and industry.

About Liquid Robotics
Liquid Robotics, Inc. is an ocean data services provider and developer of the Wave Glider® marine robot that functions as a persistent and versatile platform for scientific and industrial payloads. Based in Silicon Valley, Hawaii and Houston, the company's Wave Glider^® is enabling dozens of applications and missions never before attainable. Liquid Robotics is backed by VantagePoint Capital Partners. For more information, visit www.liquidr.com.

About BP
BP has invested more in the United States over the last five years than any other oil and gas company. With more than $50 billion in capital spending between 2007 and 2011, BP invests more in the U.S. than in any other country. The company is the nation's second largest producer of oil and gas, a major oil refiner and a leader in alternative energy sources including wind power and biofuels. With about 23,000 U.S. employees, BP supports nearly a quarter of a million domestic jobs through its business activities. For more information visit www.bp.com.

Liquid Robotics and Wave Glider are registered trademarks of Liquid Robotics, Inc., in the United States and other countries.