United States

Profile: Geospace Technologies Corp (GEOS.OQ)

GEOS.OQ on NASDAQ Stock Exchange Global Select Market

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Geospace Technologies Corporation, incorporated on March 26, 2015, designs and manufactures instruments and equipment used in the oil and gas industry to acquire seismic data in order to locate, characterize and monitor hydrocarbon-producing reservoirs. It also designs and manufactures non-seismic products, including industrial products, offshore cables, thermal printing equipment and film. The Company operates in two segments: Seismic and Non-Seismic.

Seismic Products

The Company's seismic product lines consist of land and marine nodal data acquisition systems, permanent land and seabed reservoir monitoring products and services, geophones and geophone strings, hydrophones, leader wire, connectors, telemetry cables, marine streamer retrieval and steering devices, and various other products. Its Seismic products include traditional products, wireless products and reservoir products. Its products used in marine seismic data acquisition include its marine seismic streamer retrieval devices (SRDs).

The Company has developed a land-based wireless (or nodal) seismic data acquisition system called the GSX. GSX station operates independently and therefore can be deployed in virtually unlimited channel configurations. In addition, it also developed a marine-based wireless seismic data acquisition system called the OBX. It also offers HDSeis system, which is a high-definition seismic data acquisition system with flexible architecture that enables custom designed system configuration for applications ranging from low-channel engineering and environmental-scale surveys. In addition, the Company produces seismic borehole acquisition systems, which employ a fiber optic augmented wireline capable of high data transmission rates.

Non-Seismic Products

The Company's non-seismic products include thermal imaging products, which are focused on the commercial graphics industry, as well as various industrial products. The Company's industrial products include sensors and tools for vibration monitoring, mine safety application and earthquake detection, cables for power and communication for the offshore oil and gas and offshore construction industries, and water meter cables and other specialty industrial cable and connector products.

The Company competes with CGG, ION Geophysical, INOVA, Amphenol Corporation, Fairfield Industries, Seabed Geosolutions, Magseis ASA, Alcatel-Lucent, Avalon Sciences Ltd, Mitcham Industries, Inc., Petroleum Geo-Services ASA, Seismic Equipment Solutions and Hewlett Packard.

Company Address

Geospace Technologies Corp

7007 Pinemont Dr
HOUSTON   TX   77040-6601

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