Key Developments: Geospace Technologies Corp (GEOS.OQ)

GEOS.OQ on NASDAQ Stock Exchange Global Select Market

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25 Jul 2014
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Latest Key Developments (Source: Significant Developments)

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

Geospace Technologies Corp Announces Receipt Of Order For 12,000 Channel GSX Wireless Recording System
Thursday, 27 Dec 2012 04:15pm EST 

Geospace Technologies Corp announced the receipt of an order from Dawson Geophysical for 12,000 stations of its single-channel GSX wireless recording system. Delivery of the $13.2 million system is expected to occur in the Company's first quarter ending December 31, 2012. Geospace Technologies Corporation designs and manufactures instruments and equipment used by the oil and gas industry in the acquisition and processing of seismic data as well as in reservoir characterization and monitoring activities. The Company also designs and manufactures non-seismic products, including industrial products, offshore cables, thermal printing equipment and film.  Full Article

Geospace Technologies Corp Announces Formal Signing Of Contract For Seabed Seismic System
Wednesday, 14 Nov 2012 08:00am EST 

Geospace Technologies Corp announced that the Company and Statoil have formally executed the definitive agreement for the Company to provide 660 kilometers of seabed seismic reservoir monitoring systems for the Snorre and Grane fields on the Norwegian continental shelf. The final contract value is approximately $160 million and requires the systems to be delivered at various intervals extending into fiscal year 2015.  Full Article

Geospace Technologies Corp Announces Receipt Of Order For 10,000-Channel GSX Wireless Recording System
Monday, 5 Nov 2012 08:00am EST 

Geospace Technologies Corp announced the receipt of a $14.0 million order from SAExploration Canada LTD (SAE) for a 10,000-channel GSX wireless recording system. Delivery of this system to SAE is expected to occur in December 2012 and the system will initially be deployed in Canada.  Full Article

Geospace Technologies Corp Announces Receipt Of Order For 24,000-Channel GSX Wireless Recording System
Monday, 15 Oct 2012 08:58am EDT 

Geospace Technologies Corp announced the receipt of an order from TGC Industries for 8,000 stations of 3-channel GSX wireless recording system. Delivery of this 24,000-channel wireless system is expected to occur in October 2012 and the system will be deployed by TGC Industries in Canada.  Full Article

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