Key Developments: Geospace Technologies Corp (GEOS.OQ)

GEOS.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Geospace Technologies Corp announces rental contract for 4,000 OBX Stations
Wednesday, 1 Oct 2014 09:55am EDT 

Geospace Technologies Corp:Enters into an agreement with international seismic contractor to rent 4,000 stations of its cableless OBX ocean bottom nodal system.The contract term is for 180 days and delivery of OBX system is expected to occur in Jan. 2015.Geospace Technologies Corporation designs and manufactures instruments and equipment used by oil and gas industry to acquire seismic data in order to locate, characterize and monitor hydrocarbon producing reservoirs.Company also designs and manufactures non-seismic products, including industrial products, offshore cables, thermal printing equipment and film.  Full Article

Geospace Technologies Corp Announces Receipt Of Orders For Three GSX Wireless Recording Systems Totaling 49,000 Channels
Friday, 15 Nov 2013 01:24pm EST 

Geospace Technologies Corporation announced that the receipt of orders from a customer for three of its GSX wireless recording systems totaling 49,000 channels. The orders include both single-channel and three channel recording stations and related equipment. Delivery of these orders, together totaling $29.4 million, is expected to occur in the Company's first quarter ending December 31, 2013.  Full Article

Geospace Technologies Corp Announces Order for Delivery of Marine Nodal System to Seafloor Geophysical Solutions
Monday, 28 Oct 2013 06:14pm EDT 

Geospace Technologies Corp announced that it received an order from a subsidiary of Seafloor Geophysical Solutions Holdings Ltd (SGS) for a marine data acquisition system comprised of 2,304 stations of the company`s OBX deep water seafloor nodes and related equipment. SGS is a newly organized marine geophysical contractor with management located in Norway. The order value is $29.4 million and delivery of the OBX system is currently scheduled to occur late in the fiscal year 2014 second quarter ending March 31, 2014.  Full Article

Dawson Geophysical Co Announces Purchase of GSX Multi-Channel Equipment From Geospace Technologies Corp
Friday, 11 Oct 2013 08:30am EDT 

Dawson Geophysical Company announced that it has placed an order with Geospace Technologies for 9,000 stations of its three-channel GSX wireless recording system. The order includes sensors, batteries, trailers and accompanying system electronics. Delivery of the order is expected to occur in the Company's first fiscal quarter of 2014 ending December 31, 2013.  Full Article

Geospace Technologies Corp Announces Contract for Delivery Of Permanent Land Data Acquisition System
Tuesday, 8 Oct 2013 09:40am EDT 

Geospace Technologies Corp announced that the company has entered into a contract to deliver a permanent land data acquisition system. The system will be trenched in the earth above a producing reservoir for monitoring purposes. The $5.0 million system is expected to be delivered through a contract with Makamin Petroleum Services Company (MPS) during fiscal year 2014.  Full Article

Geospace Technologies Corp Announces President and CEO Change-DJ
Tuesday, 6 Aug 2013 06:00pm EDT 

Dow Jones reported that Geospace Technologies Corp's Chairman, President and Chief Executive Officer (CEO), Mr. Gary D. Owens, will retire from his positions as President and Chief Executive Officer effective December 31, 2013. Mr. Walter R. (Rick) Wheeler, the Company's current Executive Vice President and Chief Operating Officer will assume the role of President and CEO effective January 1, 2014. Mr. Owens will remain on the Company's board of directors and will continue to serve his current role as its Chairman.  Full Article

Levi & Korsinsky, LLP Launches Investigation into Possible Violations of Federal Securities Laws by Board of Directors of Geospace Technologies Corp
Tuesday, 11 Jun 2013 04:28pm EDT 

Levi & Korsinsky, LLP announced that it is investigating Geospace Technologies Corp for possible violations of federal securities laws in connection with proxy the Company filed relating to the annual shareholder meeting.  Full Article

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