Geospace Technologies Awarded $5.7M Sensor Contract
August 30 2023 - 4:45PM
Business Wire
Geospace Technologies Corporation (NASDAQ: GEOS) today announced
a $5.7 million contract with an international seismic contractor to
deliver a significant number of specialized geophones designed for
vibration monitoring in rugged environments.
The geophones will be produced in the company’s manufacturing
facilities with deliveries expected to begin in January 2024. The
specialized geophones will be used in the customer’s proprietary
system for an advanced marine sensing application.
“The quality of our geophone products has fostered long-term
relationships with repeat customers as is the case here where our
miniature, high-definition geophones are a critical component of a
solution offered by a longtime customer,” said Walter R. Wheeler,
President and CEO, Geospace Technologies.
About Geospace
Technologies
Geospace principally designs and manufactures seismic
instruments and equipment. We market our seismic products to the
oil and gas industry to locate, characterize and monitor
hydrocarbon-producing reservoirs. We also market our seismic
products to other industries for vibration monitoring, border and
perimeter security and various geotechnical applications. We design
and manufacture other products of a non-seismic nature, including
water meter products, imaging equipment, offshore cables, remote
shutoff water valves and Internet of Things (IoT) platform and
provide contract manufacturing services. Learn more at
www.geospace.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230830494640/en/
Caroline Kempf, ckempf@geospace.com,
321.341.9305
Geospace Technologies (NASDAQ:GEOS)
Historical Stock Chart
From May 2024 to Jun 2024
Geospace Technologies (NASDAQ:GEOS)
Historical Stock Chart
From Jun 2023 to Jun 2024