Awarded $6.9M Sensor Contract
December 7, 2021 geospace
Houston, TX – December 7, 2021 – Geospace Technologies Corporation (NASDAQ: GEOS) today announced a $6.9M 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 May 2022.
“Since 1980, Geospace Technologies has been an innovative force in the oil and gas industry’s global search for energy reserves using active seismic monitoring on land and seabed. Our paradigm-shifting approaches have solved engineering challenges in seismic data acquisition for decades,” Walter R. Wheeler, President and CEO, Geospace Technologies. “We’re pleased to once again provide our miniature, high-definition geophones as part of a solution offered by a longtime customer.”