Published on February 11th, 2021 📆 | 4756 Views ⚑0
MIND Technology, Inc. To Provide Seismic Source Controllers | Nachricht
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.
Rob Capps, Co-CEO
MIND Technology, Inc.
Ken Dennard / Zach Vaughan
Dennard Lascar Investor Relations
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SOURCE MIND Technology, Inc.