- MIND Technology's Seamap unit secures a $4.0 million order from Sanco Holdings A/S.
- Delivery of the order is anticipated within the current fiscal year.
- The company reports strong ongoing demand for its source controller technology.
MIND Technology, Inc. (MIND, Financial) announced that its Seamap unit has received a significant order for a GunLink source controller and associated equipment from Sanco Holdings A/S. The contract is valued at over $4.0 million and is scheduled for delivery within the current fiscal year, indicating a positive impact on near-term revenue.
Mark Welker, Vice President of MIND and Seamap’s Managing Director, emphasized the robust demand for their source controller technology. He noted that the company foresees additional opportunities for the remainder of the fiscal year and beyond, positioning MIND Technology to potentially expand its market presence in the oceanographic and marine exploration sectors.
Headquartered in The Woodlands, Texas, MIND Technology provides specialized technology solutions for the oceanographic, hydrographic, defense, seismic, and security industries. The company maintains a global presence with key operations in the United States, Singapore, Malaysia, and the United Kingdom.
