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HOUSTON and BERGEN, Norway, Aug. 23 /PRNewswire-FirstCall/ —
Input/Output, Inc. (NYSE: IO) announced today that Exploration Resources
(ExRe), a marine seismic services contractor and vessel owner headquartered in
Bergen, Norway, has purchased a comprehensive marine streamer technology
upgrade suite for their C-Orion vessel, making it the first seismic vessel to
be fully outfitted with I/O’s latest suite of streamer technology. The
C-Orion had been outfitted with previous versions of I/O technology while
acquiring 2D seismic data for Multiwave Geophysical and others over the last
several years.

The technology upgrades, featuring seventy kilometers of I/O’s recently
introduced MSX Solid(TM) streamer and an advanced DigiCOURSE(R) streamer
positioning system, will make the C-Orion one of the most technically advanced
3D and 4D seismic vessels in the world. The initial components of the upgrade
are expected to be delivered during the third quarter of 2005. Total value
for the entire technology suite is approximately $20 million.

Bjarte Fageraas, CEO of Exploration Resources, commented, “I/O provides
innovative technologies that help set ExRe apart from our competitors. With
this streamer system, we will be able to offer oil and gas companies a cost-
effective solution for acquiring high quality, highly-repeatable seismic data
with fewer concerns about operational downtime. The C-Orion has moved into
the top echelon of marine streamer vessels, which will allow us to deliver
significant value to our shareholders and our customers. I/O has always
provided us with outstanding support and maintains a reputation in the
industry for standing firmly behind their technologies throughout the entire
product lifecycle. The integrated streamer solution offered by I/O is unique
in the industry and, besides the technological benefits, gives us a one-stop
support function.”

Bob Peebler, President and CEO of I/O, stated, “Our strategy is to deliver
advanced marine imaging technologies that address the most difficult
geophysical challenges worldwide. Outfitting the C-Orion with our latest
suite of advanced streamer technologies supports our strategy of bringing
innovative solutions to market in partnership with innovative customers. The
sale to ExRe will provide I/O with our first opportunity to deploy our
advanced marine streamer solution on a single vessel.”

Chuck Ledet, Vice President of Marine Imaging Systems at I/O, added, “This
upgrade is also exciting for us because the C-Orion will be the first vessel
configured to accept I/O’s revolutionary DigiFIN(TM) streamer steering system
when it becomes available next year. I/O is designing DigiFIN with the
ultimate goals of helping seismic contractors improve their productivity and
deliver enhanced image quality to the oil and gas companies. We look forward
to working closely with ExRe’s technical team to deploy this innovative
technology.”

DigiFIN controls the lateral position of streamer cables, which allows
more streamers to be deployed closer together without the risk of
entanglement. More densely spaced streamers result in an improved seismic
image. DigiFIN also enables shorter line changes when the vessel turns, which
dramatically increases productivity for the vessel operator.

The upgrade includes several other cutting-edge I/O technologies. The
company’s MSX Solid streamer enables low-noise data acquisition and reduces
downtime associated with weather, delivering an improved seismic image in less
time. The DigiRANGE II(TM) acoustic positioning system includes acoustic
cross-bracing along the full length of the streamers. MSX Solid, DigiRANGE
II, and DigiFIN are featured components of I/O’s Digi4D(TM) streamer imaging
solution for high quality, highly repeatable time-lapse seismic data
acquisition in the marine environment.

The ExRe upgrade suite also includes energy sources comprising of I/O
Sleeve Guns and DigiSHOT(R) digital source controllers. Integrated navigation
and binning systems have been supplied by Concept Systems, a wholly-owned
subsidiary of I/O. The software provided by Concept Systems acts as a data
integration platform, pulling together disparate data streams from the various
seismic subsystems to ensure better seismic images with reduced HSE risk and
cycle time.

About I/O

I/O is a leading, technology-focused seismic solutions provider. The
company provides cutting-edge seismic acquisition equipment, software, and
planning and seismic processing services to the global oil and gas industry.
I/O’s technologies are applied in both land and marine environments, in
traditional 2D and 3D surveys, and in rapidly growing areas like time-lapse
(4D) reservoir monitoring and full-wave imaging. Headquartered in Houston,
Texas, I/O has regional offices in Canada, Latin America, Europe, China,
Russia, Africa and the Middle East. Additional information is available at
http://www.i-o.com .

About Exploration Resources

Exploration Resources ASA is a leading provider of marine seismic services
to the global oil and gas industry with focus on towed seismic, multiclient
seismic services, and 4C/4D/seabed logging operations. Exploration Resources
recently acquired the remaining shares of seabed acquisition specialist
Multiwave Geophysical, making it a wholly-owned subsidiary of the company.

The information included herein contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. Actual results may vary fundamentally
from those described in these forward-looking statements. All forward-looking
statements reflect numerous assumptions and involve a number of risks and
uncertainties. These risks and uncertainties include risk factors that are
disclosed by I/O from time to time in its filings with the Securities and
Exchange Commission.

     Contact:

     I/O - Houston
     Kelly Smith
     + 1 281.879.3593

SOURCE Input/Output, Inc.

CONTACT: Kelly Smith of Input-Output, Inc., +1-281-879-3593