MIND Technology / GWL Collaboration Agreement

Core Viewpoint - MIND Technology, Inc. has announced a collaboration with GWL Overseas Ltd. to develop and promote GWL's Floatseis data acquisition system, which is considered a novel autonomous marine data acquisition technology [1][2]. Company Overview - MIND Technology, Inc. provides technology solutions for various industries including oceanographic, hydrographic, defense, seismic, and security sectors. The company is headquartered in The Woodlands, Texas, and has a global presence with key operations in the United States, Singapore, Malaysia, and the United Kingdom [3]. - The Seamap unit of MIND designs, manufactures, and sells specialized high-performance marine exploration and survey equipment [3]. Collaboration Details - Mark Welker, Vice President of MIND and Managing Director of Seamap, expressed enthusiasm about refining and producing the Floatseis system for commercial deployment [2]. - Nikolay Amelin, CEO of GWL, highlighted the positive reception of the Floatseis concept and emphasized that the collaboration will leverage Seamap's production and support capabilities alongside GWL's development expertise to expedite the system's entry into the seismic data acquisition market [2].