GEOS - Mergers and acquisitions

$24 Million Contract Represents the First Significant Sale of Pioneer™ Geospace Technologies Corporation (NASDAQ:GEOS) ("Geospace") and Dawson Geophysical Company (NASDAQ:DWSN) ("Dawson") today jointly announced the first major sale of the Geospace Pioneer™, ultralight seismic land node, to Dawson a geophysical services provider. Based on current contract terms the estimated value of the agreement is expected to reach approximately $24 million. The delivery of Pioneer will begin in the third quarter of the calendar year 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250811908696/en/ "In our industry, Geospace set the sta

Advanced Analytics Detection Product Adds to the Company's Security Portfolio Geospace Technologies Corporation (NASDAQ:GEOS) today announced the acquisition of Heartbeat Detector®, a heartbeat detection security technology developed by the United States Department of Energy's Oak Ridge National Laboratory (ORNL). Effective July 31, 2025, Geospace acquired 100 percent of the outstanding shares from GeoVox Security, Inc., the company who first licensed and commercialized the technology from ORNL. Heartbeat Detector® uses a proprietary algorithm developed by ORNL researchers to reveal individuals attempting to hide in vehicles at security checkpoints by detecting a beating heart. Used in

Geospace Technologies Corporation (NASDAQ:GEOS) announces the sale of Mariner™ ocean bottom wireless nodes to Caspian Engineering Company, a geologic-geophysical, engineering survey company operating in Kazakhstan. Based on current contract terms, the value of the agreement is estimated at $7.6 million. Delivery of the nodes is expected to occur during the Company's third fiscal quarter. "We are pleased that Caspian Energy has chosen to partner with Geospace by selecting the Mariner, our latest slim profile seabed data acquisition node, to meet their operational and seismic data quality needs," said Rich Kelley, President and CEO, Geospace Technologies. "Wireless ocean bottom nodes have g

Company Expands Capabilities in Internet of Things and Smart City Products Geospace Technologies (NASDAQ:GEOS) today announced that it has acquired 100 percent of the outstanding shares of Aquana, LLC, a comprehensive wireless water monitoring and control system provider. Under terms of the agreement, Aquana will operate as a wholly owned subsidiary of Geospace Technologies. The Company intends to retain Aquana's employees, further strengthening Geospace's highly skilled technical workforce. Terms of the transaction include an initial cash payment of $1.4 million at closing, subject to adjustment, and additional contingent cash payments over a six-year earn-out period. The contingent cash