OYO Geospace Corporation Announces Name Change and Ticker Symbol Change

OYO Geospace OYOG today announced that, effective October 1, it will change its name to Geospace Technologies Corporation. In connection with the name change, the Company will also change its NASDAQ ticker symbol to “GEOS”, also effective October 1. The name change is a result of OYO Corporation U.S.A.'s recent sale of their stake in the Company in February of this year. The Company is no longer affiliated with OYO Corporation U.S.A. or its parent company OYO Corporation. Historically, no related party financial transactions between the Company and OYO Corporation U.S.A. or OYO Corporation have been material. OYO Geospace Corporation designs and manufactures instruments and equipment used by the oil and gas industry in the acquisition and processing of seismic data as well as in reservoir characterization and monitoring activities. The company also designs and manufactures other industrial products, including thermal printing equipment and film.