Hi Mosesd, I'm not sure that better technology necessarily...

Hi Mosesd, I'm not sure that better technology necessarily equates to lower cost. The main advantage of Nepsys is the significantly better quality of the welds that are produced, ie being able to do underwater what would normally only be achievable in a drydock (or above water) situation. Obviously the dry dock situation for ships it should be cheaper, but in the oil and gas area they are targeting dry dock isn't an option, so the differentiator is the quality and they are competing against what I believe is cheaper but inferior quality methods.

If you look at long term then the cost will be lower (due to the durability of the welds compared to traditional underwater welding) but a lot of companies only look at the up front costs and don't think long term.... this is where marketing the technology and its benefits really comes into play.