HOUSTON, Feb. 19, 2020 /PRNewswire/ -- ION
Geophysical Corporation (NYSE: IO) today announced the Company
received another grant from Scottish Enterprise, Scotland's national economic development
agency, to broaden Marlin's scope to deliver comprehensive value to
the global ports and harbors market. Developed in conjunction
with subject matter experts and initial port clients, the Marlin™
SmartPort technology roadmap has been designed to help stakeholders
optimize decision-making and profitability. Marlin SmartPort
development will enable new web-based features, such as port call
optimization, back office digitalization and port community
engagement, and will expand ION's offshore operations optimization
capabilities to address a range of digitalization requirements for
ports and other sectors. The software development will take
place in ION's Edinburgh office,
supporting the local economy.
"ION selected ports and harbors as the initial expansion point
for Marlin because the market has a clear need for, and values,
digital solutions that can enhance operational knowledge and
decision-making," said Chris Usher,
ION's President and Chief Executive Officer. "Making ports
safer and more efficient benefits a broad range of stakeholders
across the port community. Digital transformation is still at
a relatively early stage for port operations and is clearly a
growth market. We have had excellent feedback from industry
experts on the value that Marlin SmartPort will deliver.
Combining Marlin's renowned ability to track complex vessel and
operational activity with new web-based functionality has the
potential to transform port efficiency."
To learn more, visit iongeo.com/Marlin.
About 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.
Contacts
ION (Investor relations)
Executive Vice President and Chief Financial Officer
Mike Morrison, +1 281.552.3011
mike.morrison@iongeo.com
ION (Media relations)
Vice President, Communications
Rachel White, +1 281.781.1168
rachel.white@iongeo.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, 2019, filed on February 6, 2020. Additional risk factors, which
could affect actual results, are disclosed by the Company in its
filings 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