Coral Partners
Coral Partners, LLC is a privately held marine technology firm that designs, manufactures, and licenses the patented Nova Ray® family of arcuate-wing remotely operated underwater vehicles (ROVs) for oil & gas, government, marine survey, and academic customers worldwide.
- Company typePrivate
- Founded1992
- HeadquartersKenmore, United States
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Coral Partners does
Coral Partners, LLC is a privately held marine technology development and business consulting firm headquartered in Kenmore, Washington. Founded in 1992 (originally as Nova Marine Exploration Inc.) and rebranded under its current name in 2015, the company designs, manufactures, and licenses the Nova Ray® family of remotely operated underwater vehicles (ROVs). The Nova Ray platform is differentiated by a patented arcuate wing hydrodynamic design that enables sustained maneuverability in currents up to 10 knots and seamless transition between thruster-powered free flight and controlled-tow operation from a moving surface platform — capabilities the company claims deliver up to 7x time and cost savings versus competing ROV systems. Depth-rated configurations span from 300 meters (Nova Ray 305 Marine Fliers™) to 4,000 meters (Nova Ray 4000 Deep Divers™), with optional dual-hull, combined wing/float, and manipulator arm configurations.
The company operates a dual revenue model. First, it manufactures and directly sells Nova Ray ROV systems to enterprise and government customers in oil & gas (PETRONAS, Trunkline, Marathon Oil, Transcanada, Southern Gas, Piedmont Natural, Tecnip), government and defense (U.S. Navy SPAWAR and ONR, NOAA), marine survey and services (Estudio ITAC, W&W Marine, Melsmore Marine Nigeria), and academic research (SCRIPPS, East Carolina University, Seattle University). Second, Coral Partners monetizes its intellectual property through international technology licensing and transfer agreements, primarily moving patented North American technologies into Asia, Europe, and the Middle East — exemplified by its 3-year, multi-million dollar technology transfer and joint venture with PETRONAS Malaysia (2008–2015). The company is owned and operated by founders Marc Geriene (CEO) and Krist Geriene (COO/R&D), who together hold all eight US and International patents for the Nova Ray platform. Coral Partners maintains a Malaysian subsidiary (Advent Marine Technologies, Sdn. Bhd., est. 2008) for Southeast Asian operations and has announced two additional product platforms — Black Diamond ROV™ and HydroSail AeroSub™ — for 2020 launch.
Coral Partners firmographics
Firmographics- Name
- Coral Partners
- Legal name
- Coral Partners, LLC
- Website
- https://coralpartners.net
- Company type
- Private
- Founded year
- 1992
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Coral Partners, LLC is a privately held marine technology firm that designs, manufactures, and licenses the patented Nova Ray® family of arcuate-wing remotely operated underwater vehicles (ROVs) for oil & gas, government, marine survey, and academic customers worldwide.
- Ownership category
- akta.pro rank
Coral Partners industry classification
Industry- Product category
- Underwater Robotic Vehicles (ROVs)
- NAICS
- Ship and Boat Building (33661), Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511)
- SIC
- Ship & Boat Building & Repairing (3730)
- akta.pro primary industry
- Marine & Underwater Robotics (USVs/UUVs) (HDAAAIAH)
- akta.pro secondary industry
- Unmanned Underwater Vehicle (UUV) & Autonomous Submersible Manufacturing (IMAJAOAC)
Keywords
Where Coral Partners is headquartered
LocationHeadquarters
- HQ city
- Kenmore
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Coral Partners business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain
Revenue model
- ROV Hardware Sales: Manufacturing and direct sales of Nova Ray ROV systems including multiple depth models (305, 550, 1500, 2500, 4000 meter variants) and component technologies.
- International Technology Licensing: License-transfer of patented technologies from North American sources to acquisition clients in Asia, Europe, and Middle East. Focus on energy, marine services, port security, construction and related industries.
- Technology Transfer Consulting: Consulting fees generated from international technology transfer transactions, including percentage of transaction values and in some cases equity participation in licensed technologies.
- IP Acquisition and Monetization: Acquiring undervalued intellectual properties through options, Memorandums of Understanding, or contracts providing exclusive access within defined applications, markets, or geographical areas. Monetized through licensing and transfer to third parties.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom Quote-Based Pricing |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Coral Partners product offering
Product offeringCore offering
Coral Partners designs, manufactures, and sells the patented Nova Ray® family of remotely operated underwater vehicles (ROVs) for enterprise, government, and academic clients, with depth-rated models spanning 300 to 4,000 meters. The company also generates revenue through international technology licensing and transfer of its marine and related intellectual property to clients in Asia, Europe, and the Middle East across energy, marine services, port security, and construction industries.
Product overview
Coral Partners is a Marine & Technology Development Company that manufactures the Nova Ray® family of remotely operated underwater vehicles (ROVs). The core product is the Nova Ray ROV with its patented arcuate wing design, available in two sub-brand series: Nova Ray Marine Fliers™ (models 305 and 550 for shallow/mid-depth operations) and Nova Ray Deep Divers™ (models 1500, 2500, and 4000 for deep-water operations). Each model can be configured with optional add-ons including Dual-Hull, 2 in 1 (Wings + Floats), and Manipulator Arm configurations. The company also offers international technology transfer and licensing services for its intellectual property, and has announced upcoming products including Black Diamond ROV™ and HydroSail AeroSub™.
Differentiator
Problem solved
Functional benefit
Brands
- Nova Ray: Family of patented underwater robotic vehicles (ROVs) featuring hydrodynamic arcuate wing technology for maneuverability in strong currents. Includes Nova Ray Marine Fliers and Nova Ray Deep Divers product lines.
- Nova Ray Marine Fliers
- Nova Ray Deep Divers
Products and services
- Nova Ray ROV Remotely operated underwater vehicle with patented arcuate wing design that enables operation from moving surface platforms, seamless transition between thruster power and controlled-tow modes, and sustained maneuverability in up to 10-knot currents. Sold to enterprise, government, and academic clients worldwide.
- Nova Ray 305 Nova Ray Marine Fliers model rated for 300-meter operational depth, with patented arcuate wings, side-scan and 360-degree forward-scan sonar imaging, and Nova+ skids for extra payload.
- Nova Ray 550 Nova Ray Marine Fliers model rated for 550-meter operational depth.
- Nova Ray 1500 Nova Ray Deep Divers model rated for 1,500-meter operational depth.
- Nova Ray 2500 Nova Ray Deep Divers model rated for 2,500-meter operational depth.
- Nova Ray 4000 Nova Ray Deep Divers model rated for 4,000-meter operational depth.
- International Technology Transfer Services Licensing and transfer of Coral Partners' technological intellectual property to clients in Asia, Europe, and the Middle East across energy, marine services, port security, and construction industries, typically via licensing, franchising, or joint venture structures.
Quantifiable outcome
- Up to 7 times the savings of time and money compared to closest competitors' systems
- +2 more outcomes
Companies that use Coral Partners
Customer profileNamed customers17 records
Segments4 records
Ideal customer profiles4 records
Coral Partners technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability2 records
Feature5 records
Coral Partners partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- PETRONAScore3-year multi-million dollar technology transfer and Joint Venture agreement with Malaysia's national oil company. Coral Partners provided Nova Ray technology transfer, deep-water ROV iterations, and managed technology transfer protocol. Technology transfer completed 2015.
- University of Washington Applied Physics LabminorRegional IP incubator partnership for emerging technologies access. Coral Partners leverages university research relationships for technology sourcing.
- Stanford Research InstituteminorTechnology incubator relationship for accessing emerging technologies in regional IP incubators.
- MITminorUniversity technology incubator relationship for emerging technology access and IP sourcing.
- SPAWAR (U.S. Navy Space & Naval Warfare Agency)core2006 evaluation - Nova Ray ROV competed successfully against all major ROV brands represented. Demonstrated competitive positioning in government maritime market.
- Estudio ITAC S.L.minorSpanish marine survey company purchased Nova Ray system in July 2004 for environmental marine surveys of the Canary Islands, including ESRI mapping software.
- Dean Fischer DesignsminorWebsite design and branding partner responsible for corporate website development and maintenance.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Coral Partners competitors and assessment
Company assessmentEmerging players
- BlueRobotics: Develops low-cost, high-performance underwater vehicles and components for hobbyist, research, and commercial applications. Comparable as a smaller, more capital-efficient ROV builder focused on accessible underwater robotics.
- Sublue (DeepSea ROV product line): Consumer and prosumer underwater robotics company expanding into professional ROV applications. Comparable as a smaller, capital-efficient peer building portable underwater robotic vehicles for a broader market than just oil & gas.
Broad incumbents
- Forum Energy Technologies: Manufactures subsea robotics (including Perry Slingsby and other ROV brands) and provides a broad portfolio of subsea equipment for oil & gas, defense, and marine survey. Comparable as both a competitor and an integrated supplier covering high-current ROV operations.
- Saab (Sabertooth AUV): Saab's Seaeye division and Sabertooth AUV provide autonomous and tethered underwater vehicles for defense, offshore, and commercial markets. Comparable in the autonomous/hybrid-operation ROV space and a likely competitor for government and offshore contracts.
- TechnipFMC (Schilling Robotics): Acquired Schilling Robotics, a leading manufacturer of work-class ROVs for the offshore oil & gas industry. Directly comparable product category (ROVs), similar enterprise customers (oil majors, marine service companies), and competing in the same subsea intervention space.
- Oceaneering International: Largest subsea robotics and intervention services provider globally, operating a fleet of ROVs and AUVs for oil & gas, government, and renewable offshore customers. Closest large-scale comparable for Nova Ray's high-current ROV mission and is a direct competitor for offshore energy and survey contracts.
- Teledyne Marine: Consolidator of leading subsea brands (Teledyne RD Instruments, Teledyne SeaBotix, etc.) manufacturing ROVs, sonar, and underwater imaging systems. Comparable through both direct ROV products (SeaBotix) and complementary sonar technology competing with the BlueView partnership.
- Kongsberg Maritime: Division of Kongsberg Gruppen that manufactures HUGIN AUVs and related subsea systems for survey, offshore, and defense markets. Comparable high-end autonomous underwater vehicle technology with deeper R&D resources and broader product portfolio.
Direct peers
- SMD (Soil Machine Dynamics): UK-based manufacturer of subsea robotics including work-class ROVs and robotic trenching vehicles. Direct competitor in the high-current ROV market and a comparable niche manufacturer targeting offshore energy and survey customers.
- VideoRay: Manufacturer of portable, mission-configurable ROVs used for inspection, exploration, and security by military, law enforcement, and commercial customers. Closest scale and business model analog to Coral Partners' portable Nova Ray ROVs.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights5 records
Customer concentration
Coral Partners social profiles
Digital presenceCoral Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
Coral Partners leadership team
Management profileNumber of profiles
Profiles2 records
Coral Partners subsidiaries and ownership
Company hierarchySubsidiaries4 records
Coral Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Coral Partners M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Coral Partners
What does Coral Partners do?
Coral Partners designs, manufactures, and sells the patented Nova Ray® family of remotely operated underwater vehicles (ROVs) for enterprise, government, and academic clients, with depth-rated models spanning 300 to 4,000 meters. The company also generates revenue through international technology licensing and transfer of its marine and related intellectual property to clients in Asia, Europe, and the Middle East across energy, marine services, port security, and construction industries.
Is Coral Partners a public or private company?
Coral Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Coral Partners founded?
Coral Partners was founded in 1992. It employs 1 to 10 people.
Where is Coral Partners based?
Coral Partners is headquartered in Kenmore, United States, in the North America region.
How does Coral Partners make money?
Four revenue lines are on record. ROV Hardware Sales are the primary driver. The others are international Technology Licensing, technology Transfer Consulting and IP Acquisition and Monetization.
Who are Coral Partners's main competitors?
Emerging players on record are BlueRobotics and Sublue (DeepSea ROV product line). Broad incumbents are Forum Energy Technologies, Saab (Sabertooth AUV), TechnipFMC (Schilling Robotics), Oceaneering International, Teledyne Marine and Kongsberg Maritime. Direct peers are SMD (Soil Machine Dynamics) and VideoRay.
Does Coral Partners have an API?
No public API is recorded for Coral Partners.
What industry is Coral Partners in?
Coral Partners's product category is Underwater Robotic Vehicles (ROVs). Its primary akta.pro industry code is HDAAAIAH, Marine & Underwater Robotics (USVs/UUVs), with a secondary code of IMAJAOAC, Unmanned Underwater Vehicle (UUV) & Autonomous Submersible Manufacturing. Its NAICS code is 33661 and its SIC code is 3730.