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Blue Chip Growth

Stock Report: Geospace Technologies Corporation (GEOS) Report Updated: Apr 21, 2014 | Print This Page

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Company Profile

Geospace Technologies Corporation engages in the design and manufacture of instruments and equipment used in the acquisition and processing of seismic data; and characterization and monitoring of producing oil and gas reservoirs. It also designs, manufactures, and distributes thermal imaging equipment and thermal media products for the screen print, point of sale, signage, and textile markets. The company’s seismic products consist of land and marine nodal seismic data acquisition systems; multi-component geophones and hydrophones; seismic leader wires; geophone string and acquisition system connectors; seismic telemetry cables; marine seismic cable retrieval and steering devices; and data acquisition systems. It also provides permanently installed high-definition reservoir characterization products for ocean-bottom applications in producing oil and gas fields; and produces seismic borehole acquisition systems, which employ a fiber optic augmented wireline capable of high data transmission rates. In addition, it designs and manufactures power and communication transmission cable products, including various specialized cables primarily used in deepwater applications, such as remotely operated vehicle tethers, umbilicals, and electrical control cables, as well as armored cables that are engineered to withstand harsh offshore operating environments. Further, the company designs and manufactures industrial sensors for the vibration monitoring, security, and earthquake detection markets; and other specialty cable and connector products used in connection with global positioning products and water meter applications. It serves seismic contractors, and independent and government-owned oil and gas companies. The company was formerly known as OYO Geospace Corporation and changed its name to Geospace Technologies Corporation in October 2012. Geospace Technologies Corporation was founded in 1980 and is headquartered in Houston, Texas.

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