Corporate Report: Odyssey Marine Exploration sets sail with Robert Fraser & Partners

Tampa-based Odyssey Marine Exploration Inc. signed a letter of intent to provide exploration, shipwreck recoveries and other services to Robert Fraser & Partners LLP.

Odyssey will be compensated for search, survey and archaeological excavation plus development of research files on specific shipwreck and other projects. The company will also provide other back-end services including conservation, documentation, marketing and sales of recovered cargoes.

Greg Stemm, Odyssey's CEO, said in a press release, “This is an exciting opportunity to generate current revenue from marine operations, research and expertise, while maintaining a significant interest in the projects.”