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Geospace Technologies Closes $10.5 Million Contract for Sale of Ocean Bottom Node Systems

Aug 27, 2024

Contract Type

contract

HoustonManufacturingEnergyOil And Gas

Description

Geospace Technologies Corporation announced the sale of OBX-750E seabed ocean bottom wireless seismic data acquisition nodes to SAExploration, with the contract valued at $10.5 million. SAExploration exercised an option in the rental agreement to purchase the nodes, enabling them to provide high quality data to their clients for years to come.

Company Information

Company

Geospace Technologies

Location

Houston, Texas, United States

About

Geospace principally designs and manufactures seismic instruments and equipment. We market our seismic products to the oil and gas industry to locate, characterize and monitor hydrocarbon-producing reservoirs. We also market our seismic products to other industries for vibration monitoring, border and perimeter security and various geotechnical applications. We design and manufacture other products of a non-seismic nature, including water meter products, imaging equipment, offshore cables, remote shutoff water valves and Internet of Things (IoT) platform and provide contract manufacturing services.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.