Geospace signs shallow water ocean bottom node rental contract for $20M

Geospace Technologies “announced an extended duration rental contract with an international marine geophysical services provider who will rent the new product, Mariner(R), shallow water seabed wireless seismic data acquisition nodes. Based on current contract terms, including potential options, the estimated value of the agreement is expected to reach $20 million. The delivery of Mariners will occur in Geospace’s first quarter of fiscal year 2024.”