HOUSTON, June 18, 2018 /PRNewswire/ -- ION
Geophysical Corporation (NYSE: IO) and Greensea Systems, Inc. today
announced a joint marketing agreement to provide underwater
navigation solutions for manned and unmanned underwater vehicle
operators. This partnership will accelerate the adoption of
ION's technologies into larger, less cyclic adjacent markets
offshore and in the military while providing Greensea with options
to integrate ION sensor technology into a growing number of
navigation systems. Greensea and ION have already
collaborated to integrate ION's optical magnetic heading sensor
into Greensea's INSpect navigation system to dramatically improve
subsea vehicle navigation accuracy in remote GPS-deprived
environments.
"I am really pleased with how quickly we have adapted our
technology to solve similar challenges in other industries,"
commented Chris Usher, Executive
Vice President of ION's Operations Optimization group.
"Greensea was instrumental in helping us identify adjacent market
opportunities for our technology and partnered with us to integrate
and test our technologies' fit into their navigation system and
devices. As industry leaders in solving tough maritime
navigation, positioning, sensing and communications challenges,
there is a lot more potential to diversify over the next five years
and we look forward to working together."
"Greensea has been developing innovative technology to improve
subsea vehicle navigation for over ten years," stated Marybeth Gilliam, Chief Operating Officer for
Greensea Systems. "We have installed our integrated
navigation and control system on hundreds of offshore and military
vehicles. With the addition of ION's advanced compass, we
believe this is the most robust, precise and operator-friendly
control and navigation technology available offshore today."
About the Companies
ION
ION develops and leverages innovative technologies, creating
value through data capture, analysis and optimization to enhance
critical decision-making, enabling superior returns. For more
information, visit iongeo.com.
Greensea Systems, Inc.
Greensea Systems, Inc. is a global leader in advanced robotic
systems for high-level tasking, interoperability, and intervention.
Greensea's OPENSEA® operating platform provides a
fully-distributed, open software framework for highly integrated
systems across all brands of sensors, devices, and equipment while
cutting-edge technologies for navigation and autonomy elevate
system intelligence. Since opening in Richmond, Vermont in 2006, the company has
successfully installed Greensea systems on over 800 manned,
unmanned, surface, and subsea vehicles. Greensea offers
commercially available products as well as customized applications
for original equipment manufacturers such as Teledyne Marine,
VideoRay, STIDD, NAMJet, and more. To learn more, visit
www.greensea.com, find us on Facebook, or give us a call at +1 802
434 6080.
Contacts
ION (Investor relations)
Executive Vice President and Chief Financial Officer
Steve Bate, +1 281.552.3011
steve.bate@iongeo.com
ION (Media relations)
Vice President, Communications
Rachel White, +1 281.781.1168
rachel.white@iongeo.com
Greensea (Media Contact)
Marketing Manager
Dawn D'Angelillo, +1 802.434.6080
ddangelillo@greensea.com
The information herein contains certain 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.
These forward-looking statements may include information and other
statements that are not of historical fact. Actual results may vary
materially 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 the risks associated with the
timing and development of ION Geophysical Corporation's products
and services; pricing pressure; decreased demand; changes in oil
prices; and political, execution, regulatory, and currency risks.
These risks and uncertainties also include risks associated with
the WesternGeco litigation and other related proceedings. We cannot
predict the outcome of this litigation or the related
proceedings. For additional information regarding these
various risks and uncertainties, including the WesternGeco
litigation, see our Form 10-K for the year ended December 31, 2017, filed on February 8, 2018. Additional risk factors, which
could affect actual results, are disclosed by the Company in its
fillings with the Securities and Exchange Commission ("SEC"),
including its Form 10-K, Form 10-Qs and Form 8-Ks filed during the
year. The Company expressly disclaims any obligation to revise or
update any forward-looking statements.
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SOURCE ION Geophysical Corporation