THE WOODLANDS,
Texas, Nov. 13, 2019
/PRNewswire/ -- Mitcham Industries, Inc. (Nasdaq: MIND)
("Mitcham" or the "Company") announced today that its Klein Marine
Systems unit has completed initial deliveries of new products based
on its MA-X "gap filler" sonar technology. Introduced earlier
this year, MA-X technology is a cost-effective solution to filling
the nadir gap that is characteristic of traditional side scan
sonar. By seamlessly covering the nadir region, MA-X based
products eliminate the need for overlapping survey lines, resulting
in an estimated 40% increase in efficiency.
Guy Malden, Co-CEO of
Mitcham, commented, "The reaction by the industry to MA-X we
believe has been nothing short of incredible. Both commercial
and military customers have indicated their enthusiasm for this new
technology as we have conducted a number of successful field
demonstrations. We expect to deliver further orders in the
coming weeks. MA-X technology can be embodied in several
products, including towed-bodies for both manned and unmanned
vessels, and autonomous underwater vehicle configurations. We
expect the deployment of this technology to continue to gain
momentum."
About Mitcham Industries
Mitcham Industries, Inc. provides technology to the
oceanographic, hydrographic, defense, seismic and security
industries. Headquartered in The Woodlands, Texas, Mitcham has a global
presence with operating locations in the
United States, Canada,
Singapore, Malaysia, Hungary, Colombia and the United Kingdom. Mitcham's worldwide Marine
Technology Products segment, which includes its Seamap and Klein
Marine Systems units, designs, manufactures and sells specialized,
high performance, marine sonar and seismic equipment. Through its
Equipment Leasing segment, Mitcham believes it is the largest
independent provider of exploration equipment to the seismic
industry.
Contacts:
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Rob Capps,
Co-CEO
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Mitcham Industries,
Inc.
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936-291-2277
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Ken Dennard / Zach
Vaughan
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Dennard Lascar
Investor Relations
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MIND@dennardlascar.com
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713-529-6600
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SOURCE Mitcham Industries, Inc.