OceanGate Names New Board Member

OceanGate, a provider of manned submersible services has elected Dianna Raedle, CEO and founder of Deer Isle Group to serve on its board of directors

“We are pleased to welcome Dianna to our board,” notes Stockton Rush, OceanGate chairman and CEO. “Dianna brings a wealth of experience and knowledge in areas key to advancing OceanGate’s mission of opening the oceans to manned submersible exploration and research. Her diverse background and understanding of global markets will be a tremendous asset as we continue to grow and pursue a growing number of strategic opportunities.”

Raedle founded Deer Isle Group, a New York City investment advisory firm, specializing in growth strategies and complex capital solutions with a focus on global markets, emerging markets, with a specialty in advising CEO’s and companies in the financial services, asset management, innovation and technology, real assets, real estate and oil and gas industries. Since founding in 2007 Deer Isle Group has raised over $5 billion in capital through its SEC regulated broker dealer.

“I am excited to be part of the OceanGate board” says Dianna Raedle, “I believe that privately-owned manned submersibles capable of reaching depths as great as 4000 meters is a game changer in terms of opening the oceans – one of the last great global unknowns, for human visitation, exploration and potential habitation.”

OceanGate recently completed construction of Cyclops 2, a manned-submersible capable of reaching depths as great as 4,000 meters, and the first of its kind that is not government owned. Cyclops 2 is a research class vessel used to conduct undersea missions such as site inspections, environmental assessments, equipment testing, sonar mapping and data collection. In June 2018, Cyclops 2 will be used to conduct the first manned submersible to the RMS Titanic wreck site and debris field since 2005.

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