Geospace Technologies Secures Long-Term Ocean Bottom Node Rental Contract With Estimated Value Of $12M

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Jul 20, 2022

Geospace Technologies Corporation (NASDAQ: GEOS) today announced an extended duration rental contract with SAExploration, an international marine geophysical services provider who will rent OBX-750E seabed ocean bottom wireless seismic data acquisition nodes. Based on current contract terms, the value of the agreement is estimated at $12M.