looks to have bottomed imho

looks to have bottomed imho. Anyone else like the coy at these levels?

____________________________________

SDS CORPORATION LIMITED [SDS]

Last Updated 23/02/2005

CORPORATE DETAILS
GICS Sector 20: Industrials
GICS Industry Group 2010: Capital Goods
Head Office 47-51 Vulcan Rd, Canning Vale, WA, 6155
Telephone (08) 9455 4433
Facsimile (08) 9455 4399
Website www.sdscorp.com.au

First Listed 21/05/1998
Balance Date 30 June
AGM 30/11/2004

Dividend Reinvestment? None

PRINCIPAL ACTIVITY
SDS Corporation Ltd (SDS) is a manufacturing and distribution company with major
activity in the minerals industry. The company has operations in Australia,
Canada, Africa and Indonesia. SDS designs and manufactures percussion drilling
equipment. In addition the company supplies a wide range of consumables,
technology, services and solutions to the international mining industry through
its distribution network.

OPERATIONS: Manufactures in Perth, diamond and percussion drilling bits, diamond
saw blades and percussion hammers for use in the mining and civil construction
industries. Manufacture of ventilation fans for both underground and surface use
in the mining and civil construction industries. Distribution to Australasia,
Africa, Canada and North America, and throughout the world mining industry.

PRODUCTS: Products and services provided, within Australia include: Korfmann
ventilation fans, Wirth equipment, Valcom Satstat fuel stations, SIG rock
tools, Ausvent Vent Ducting, Mitsubishi threaded bits and Banlaw dry break fuel
systems. SDS Diamond and Boart diamond drilling bits and saw blades are provided
in Australia and overseas. The company's Fluid Hammer, a key component of the
IODP Hard Rock Re-entry system, which is currently under commercial development,
has been chosen for a deep sea scientific research project with the Integrated
Ocean Drilling Program.

RECENT ACQUISITIONS: In March 2004, SDS said it is to acquire K.H. Fox Pty Ltd,
a specialised manufacturer of drilling components including geo-technical and
wireline core barrels, casing, drill pipes and other accessories.

Also in March, SDS signed a HOA to acquire the Canadian manufacturer of drilling
products, Manley Steels.

In May 2004, SDS announced that it is to acquire the business of Saxum Rock
Tools, Canada, and merge its operations with the soon-to-be-acquired Manley
Steels business.






ASX/MEDIA RELEASE March 7, 2005
SDS Corporation Fluid Hammer successful performance in Mid Atlantic drilling
project
Leading mining distribution and manufacturing group SDS Corporation (ASX:SDS) today announced that in
December, 2004, its revolutionary Fluid Hammer performed successfully in deep, Mid Atlantic Ridge drilling
operations with Integrated Ocean Drilling Program (IODP).
The U.S. Implementing Organization (USIO) Science Services, Texas A&M University (TAMU), is the
implementing organization of the IODP. The USIO/TAMU IODP is based in the College of Geosciences at
TAMU, College Station, Texas. USIO/TAMU is a member of the JOI Alliance. The other two members of the
JOI Alliance are Joint Oceanographic Institutions, Inc. (USIO Systems Integration Contractor) and Lamont-
Doherty Earth Observatory's Borehole Research Group (USIO Science Services, LDEO). This was the first
commercial contract that SDS has secured for the application of the Fluid Hammer for scientific ocean
drilling as a key component of the IODP Hard Rock Re-entry System (HRRS).
The project with the USIO/TAMU IODP resulted from a collaborative approach to developing the HRRS
which enables the research vessel JOIDES Resolution to commence drilling into hard, smooth, sloping
surfaces without the need for an ocean floor template, significantly reducing the time it takes to initiate, drill
and case a hole in deep sea locations.
According to Mr Kevin Grigar, Operations Engineer of the USIO/TAMU IODP, “SDS’s Fluid Hammer
performed its task reliably and consistently, allowing us to install a re-entry system in a hard rock formation
in 1644 meters of water. This hole has since been deepened to 1415.5 meters below sea floor.”
SDS Corporation said: “This result with the IODP is a major step for the Group as it moves to commercialise
the most advanced and cost effective hard rock drilling technology.
“The SDS Fluid Hammer technology is currently under development for use in the oil and gas sector as the
‘Genie’ series of impact drills later in 2005”
SDS has established a wholly owned subsidiary, IMPACT DRILLING INTERNATIONAL, to bring the ‘Genie’
series to market. The results from this program prove the commercial viability of the technology and are a
significant step in establishing SDS as a technology leader in the oil and gas sector.
“The first of the ‘Genie’ tools are currently being manufactured at SDS’s facility in Western Australia and
beta testing is expected to commence with major oil and gas companies in March,”
For further information, please contact:
Fred Moir (08) 8276 7655 or 0417 823 288
About SDS
SDS Corporation Limited is a leading Australian manufacturing and distribution company with major activity in the minerals industry.
The company employs 350 people working in 21 branches across Australia, Canada, Africa and Indonesia. SDS is the world leader
in the design and manufacture of percussion drilling equipment. In addition the company supplies a wide range of consumables,
technology, services and solutions to the international mining industry through its extensive distribution network – the largest of its
kind in Australia, with expanding networks in other markets. www.sdscorp.com.au