MIND Technology Announces Source Controller Orders

MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND) announced that its Seamap unit has received orders from international seismic contractors for GunLink source controller systems, BuoyLink GNSS systems, as well as related spares and ancillary items.

The orders total approximately $6.5 million and are expected to be delivered in fiscal 2024.

Rob Capps, MIND's President and Chief Executive Officer, stated, "We continue to add to our backlog of orders. In addition to these recent orders, we are pursuing a number of other opportunities and are confident we will be successful with many of them. This activity is indicative of the strength we are seeing in the exploration space, both for towed streamer and nodal applications."