MIND Technology Scoops $4.1M Worth Orders For Seamap Division

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  • MIND Technology, Inc's MIND Seamap unit won new orders totaling $4.1 million for source controller and GNSS positioning systems. 
  • Deliveries of the related products will likely occur in the Q3 and Q4 of the current fiscal year.
  • MIND added the orders to its backlog as demand in the marine exploration market remained buoyant, particularly for its marine source controller systems, MIND Co-CEO Guy Malden said.
  • Price action: MIND shares traded higher by 5.15% at $2.04 in the premarket session on the last check Monday.
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