Repeat Purchase Advances Faraday’s Plan to Build a 40,000-Node Fleet by 2028
HOUSTON, Texas — August 18, 2026 — Geospace Technologies Corporation (NASDAQ: GEOS) today announced the delivery of 4,000 Pioneer land seismic acquisition nodes to Faraday Geophysics, an integrated geophysical services and technology company operating across the Americas.
The purchase increases Faraday’s owned Pioneer fleet from 3,000 to 7,000 nodes and represents the next stage of a significant fleet-expansion program. Faraday intends to acquire an additional 3,000 nodes before November 2026, bringing its near-term inventory to 10,000, with a longer-term objective of building a 40,000-node fleet by 2028.
The expansion is being driven by demand for larger and increasingly high-density seismic programs. After purchasing its first 3,000 Pioneer nodes in 2025, Faraday still rented approximately 10,000 additional nodes to fulfill its project requirements.
“Faraday’s repeat order reflects the performance of Pioneer in the field and the growing scale of the programs its teams are executing,” said Rich Kelley, President and CEO of Geospace Technologies. “Pioneer gives seismic contractors a reliable, field-proven geophone in a compact and lightweight form factor. We look forward to working alongside Faraday as it continues building its acquisition capacity.”
“Faraday brings the brisket to the table: experienced field crews, practical technology and an appetite for bigger, denser seismic programs,” said Lindsay Wadsworth, President of Faraday Geophysics Canada. “Pioneer is helping us put that capacity on the ground. It is lightweight, reliable and easy to deploy—the kind of equipment that works for our crews and delivers for our customers. By reducing the crew required to move large numbers of channels, Pioneer strengthens our ability to execute large-scale, ultra-high-density programs efficiently.”
Faraday plans to deploy its growing node fleet on projects across Canada, the United States and South America. Its target markets include helium, oil sands, conventional oil & gas, uranium exploration and carbon storage.
Weighing less than 0.5 kilograms (1 pound), Pioneer is designed for rapid deployment and retrieval across large seismic programs. Its lightweight form factor allows field crews to move more channels with fewer personnel, while its reliability and quality-control software support efficient operations and dependable data acquisition.
Faraday has also successfully deployed Pioneer nodes alongside its new Hurricane eVibe electric seismic source technology on the Bear Lake 2D, which is in the Montney play of Western Canada as a demonstration project. While the technologies operate independently, their field compatibility allows Faraday to combine high-density receiver configurations with a versatile source fleet capable of covering near and far offsets with a reduced operational footprint.
The expanded Pioneer fleet forms part of Faraday’s broader integrated offering, which includes large-scale seismic acquisition, ultra-high-density program execution, electric and conventional source capabilities, and permanent seismic monitoring solutions.
Geospace and Faraday expect to continue working together as Faraday builds its inventory of Pioneer nodes and expands its seismic operations across the Americas.
About Faraday Geophysics
Faraday Geophysics is a global geophysical services and technology company combining decades of field experience with innovation. The company provides high-quality, cost-effective seismic surveys using integrated source, receiver and permanent-monitoring solutions designed for demanding operating environments.
Faraday’s proprietary technologies include eVibe, a compact electric seismic source that delivers true broadband output from 1 to 240 Hz, highly repeatable signals and ultra-low total harmonic distortion. eVibe provides a more compact and environmentally conscious alternative to conventional seismic source methods while supporting the high-quality data required for modern exploration and monitoring programs.
For more information, visit www.faradaygeophysics.com.
About Geospace Technologies
Geospace Technologies is a global technology and instrumentation manufacturer specializing in advanced sensing, IOT and highly ruggedized products, which serve smart water, energy exploration, industrial, government and commercial customers worldwide. The Company’s products blend engineering expertise with advanced analytic software to optimize energy exploration, enhance national and homeland security, empower water utility and property managers, and streamline electronic printing solutions. With more than four decades of excellence, the Company’s more than 400 employees across the world are dedicated to engineering and technical quality. Geospace is traded on the U.S. NASDAQ stock exchange under the ticker symbol GEOS. For more information, visit www.geospace.com
