MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND) announced today that its Seamap unit has entered into a collaboration agreement with GWL Overseas Ltd. ("GWL") for the further development, promotion and production of GWL's Floatseis data acquisition system.
Mark Welker, Vice President of MIND and Seamap Managing Director, stated, "We believe Floatseis is a novel autonomous marine data acquisition system. We are excited to be working with GWL to further refine and produce the Floatseis system for commercial deployment."
Nikolay Amelin, CEO of GWL, commented, "We are excited by the reception the Floatseis concept has received. Adding Seamap's best in class, high-quality production and support capabilities to GWL's experience and development capabilities will enable us to rapidly bring the unique features of the Floatseis system to the seismic data acquisition market."