Geospace Technologies Announces Sale Of Geospace Pioneer, Ultralight Seismic Land Node, To Dawson; Deal Value Expected To Reach ~$24M
Benzinga Newsdesk 1 year ago
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$24 Million Contract Represents the First Significant Sale of Pioneer™Geospace Technologies Corporation (NASDAQ:GEOS) ("Geospace") and Dawson Geophysical Company (NASDAQ:DWSN) ("Dawson") today jointly announced
$24 Million Contract Represents the First Significant Sale of Pioneer™
Geospace Technologies Corporation (NASDAQ:GEOS) ("Geospace") and Dawson Geophysical Company (NASDAQ:DWSN) ("Dawson") today jointly announced the first major sale of the Geospace Pioneer™, ultralight seismic land node, to Dawson a geophysical services provider. Based on current contract terms the estimated value of the agreement is expected to reach approximately $24 million. The delivery of Pioneer will begin in the third quarter of the calendar year 2025.