press release

Texaco Press Release - Stephen M. Robinson Named Financial Director of Texaco Subsidiary

HOUSTON, May 25 - Stephen M. Robinson has been named Financial Director of Alto Technology Resources, Inc., a wholly owned, Houston-based Texaco subsidiary that markets Texaco's proprietary remote sensing technology. In his new assignment, effective June 1, Robinson will be responsible for all fiscal areas of Alto.

Commenting on the appointment, Dr. Alfredo E. Prelat, President and Chief Executive Officer of Alto, said,

"Steve's financial background and managerial skills are a welcomed addition to our local management team."

"Steve's career at Texaco has been one of steadily increasing responsibilities and numerous accomplishments. He will make an immediate contribution to Alto in his new assignment," added George J. Batavick, Comptroller of Texaco Inc.

Alto Technology Resources is an industry leader in utilizing hyperspectral imaging for the oil and gas, environmental, agricultural, and forestry industries. Alto's unique hyperspectral system utilizes an optical imaging spectrometer that captures and records over 200 selected wavelengths of reflected and emitted energy from the ultraviolet, visible, reflected infrared, short wavelength infrared and thermal infrared portion of the electromagnetic spectrum. These data are useful for discriminating rocks, vegetation, soils and hydrocarbons. This spectrometer is fully integrated with synthetic aperture radar (SAR) for high-resolution definition and mapping of physical features on the ground.

"I am looking forward to working with the Alto team to create a company that is focused on providing excellence in customer service and maximizing stakeholder value," said Robinson.

Robinson was graduated from Oral Roberts University in 1978 with a bachelor of science degree in accounting, and later earned a masters degree in business administration from the University of Tulsa in 1982. Robinson began his career as an accounting management trainee with Getty Oil Company in 1978. He held numerous supervisory and management positions in Getty and its successor Texaco. In 1997 Robinson was named Assistant to the Comptroller and he assumed his current position of Manager - Management Reporting and Planning in March 1999.

Robinson will relocate to Alto's headquarters in Houston from Texaco's corporate center in White Plains, New York.

Updated: May 2000