Schilling Robotics, Inc.: Philip F. Otto Appointed Chief Executive; Tyler Schilling...

Schilling Robotics, Inc.: Philip F. Otto Appointed Chief Executive; Tyler Schilling Now Chairman and Chief Development Officer

DAVIS, Calif.--(Business Wire)--
Schilling Robotics, a leading global producer of deep-ocean ROVs
(remotely operated vehicles) and other specialty equipment used
largely by the oil and gas industry to automate and control subsea
exploration and production, announced the immediate appointment of
Philip F. Otto as president and chief executive officer. He has also
been appointed to serve on the company's board of directors. Otto, a
Silicon Valley veteran and former chief executive of several
high-growth technology companies, joins Schilling as demand for its
equipment and services has reached unprecedented levels.

Founder and Chairman Tyler Schilling commented, "Otto comes in as
we enjoy an annual growth rate exceeding 40%. This growth means we
need to put in place an array of talents and an infrastructure that
not only retains our customers, but pleases them so much and creates
such a level of confidence in our capabilities that our relationship
with them continues on the same upward trajectory." He went on to say,
"Phil's job is to take care of today, which will be quite a task given
our pace of activity; mine is to take care of tomorrow."

Accelerated Development. Schilling further announced that he will
now assume the role of chief development officer in addition to
chairman. "We need to stay ahead of the technology curve. To ensure
this, I will be moving into closer collaboration with our customers to
anticipate what they will need in the years ahead. We will be
exploring several potentially important paths in areas such as subsea
vehicle motion control and sensor-based operations. Entrepreneurial
companies with our expertise have a special opportunity in the current
oil and gas industry since technology development really has not kept
pace with what's likely to happen over the next 5 to 10 years,
particularly in deep-sea exploration and development."

Expanded Management Team. Otto received his B.S. in engineering
from Yale University and his MBA from Harvard University. As both CEO
and chief financial officer of a variety of technology-oriented growth
companies, he has extensive experience in restructuring and expansion
of companies, mergers and acquisitions, as well as deal-making and
marketing activity throughout Europe and Asia. He is charged with
immediately broadening the senior management team at Schilling.

A Global, Deep-Ocean Robotics Company. Founded in 1985, Schilling
Robotics is a robotics technology company that today produces ROVs and
other subsea equipment primarily for deep-ocean petroleum and gas
exploration for use around the world. Headquartered in Davis,
California, it also has offices in Houston, Texas and Aberdeen,
Scotland. In 2008, it became an employee-owned company, its total
staff at year end 2007 being 275. Further information about the
company can be found at www.schilling.com. For video demonstrations of
company activities, see here
for technology developments in the subsea area, see the Marine
Technology Society ROV committee's site at www.rov.org/.

Schilling Robotics
Barbara Gardner, +1-530-753-6718
Marketing Communications Manager
Fax: +1-530-753-8092
barbara.gardner@schilling.com
www.schilling.com

Copyright Business Wire 2008