Geospace Technologies Receives Order for Marine Nodal System from Seafloor Geophysical Solutions - Geospace Technologies (NASDAQ:GEOS)

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Geospace Technologies Corporation (NASDAQ: GEOS) today 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. “SGS is pleased to place this order with Geospace Technologies. The long life nodes are ideal for our data acquisition objectives and will be used on our first crew starting operations in the second calendar

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