FIPR Institute Assists Odyssey Marine Exploration in Underwater Phosphorite Study

Aug 05, 2014

LAKELAND, Fla. – The Florida Industrial and Phosphate Research Institute at Florida Polytechnic University recently assisted Odyssey Marine Exploration, Inc. (Nasdaq:OMEX), a pioneer in deep-ocean mineral exploration, in testing and measuring phosphorite core samples from an underwater deposit.

Researchers at FIPR conducted metallurgical testing and chemical analysis for an independent technical report on the Oceanica deposit. They analyzed a total of 760 core samples for the Odyssey Marine Exploration study of an offshore mineral deposit. The FIPR Institute is a not-for-profit phosphate and fertilizer research center with a staff of biologists, engineers and chemists who support and conduct phosphate-related studies to increase mining and processing efficiency, as well as improve the environment and protect public health.

Odyssey Marine Exploration is engaged in deep-ocean exploration using innovative methods and state-of-the-art technology for shipwreck projects and mineral exploration. According to Odyssey Marine Exploration, the underwater deposit is an “attractive potential sourcing site for fertilizer companies in the Americas, Pacific Rim and Asia.”

For details, read the attached media release issued on July 7, 2014, by Odyssey Marine Exploration.