THE WOODLANDS, Texas, Feb. 11,
2021 /PRNewswire/ -- MIND Technology, Inc.
(NASDAQ: MIND) ("MIND" or "the Company") today announced that its
Seamap unit has entered into a memorandum of understanding ("MOU")
with an international seismic exploration company to provide two
GunLink 4000 systems and associated equipment and spares. It
is anticipated that these orders, which have an aggregate value in
excess of $5.0 million, will be
completed in MIND's fiscal year ending January 31, 2022.
Guy Malden, MIND Co-CEO,
commented, "We see this as another example of improving
activity within the marine exploration market. This and other
recent activity, in our opinion, is further confirmation that our
GunLink has become the clear preference for seismic source
controller technology."
About MIND Technology
MIND Technology, Inc. provides technology to the oceanographic,
hydrographic, defense, seismic and security industries.
Headquartered in The Woodlands,
Texas, MIND has a global presence with key operating
locations in the United States,
Singapore, Malaysia, and the United Kingdom. MIND'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.
Contacts:
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Rob Capps,
Co-CEO
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MIND Technology,
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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713-529-6600
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MIND@dennardlascar.com
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SOURCE MIND Technology, Inc.