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MIND Technology Announces Receipt of Order for GunLink Upgrade
THE WOODLANDS, Texas, July 27, 2022 /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND) announced today that it has received an
About this update from Mind Technology, Inc.
[{"type":"text","content":"THE WOODLANDS, Texas, July 27, 2022 /PRNewswire/ -- MIND Technology, Inc. (\"MIND\" or the \"Company\") (Nasdaq: MIND) announced today that it has received an order from an unnamed party for the upgrade of an existing GunLink 4000 system. The upgrade will include, among other capabilities, dual near-field hydrophone recording. The order has a value of approximately $900,000 and is expected to be delivered later this fiscal year. \nRob Capps, MIND's President and Chief Executive Officer, stated, \"This latest order is yet another indication of the strength we are seeing in the marine exploration market. Our Seamap unit, with its market leading products, continues to benefit from the rebound in this space.\"\nAbout MIND Technology\nMIND Technology, Inc. provides technology to the oceanographic, hydrographic, defense, seismic and security industries. Headquartered in The Woodlands, Texas, MIND has a global presence with key operating locations in the United States, Singapore, Malaysia, and the United Kingdom. Its Seamap and Klein units, design, manufacture and sell specialized, high performance, marine sonar and seismic equipment. \nForward-looking Statements\nCertain statements and information in this press release may constitute \"forward-looking statements\" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact, including statements regarding our future results of operations and financial position, our business strategy and plans, our objectives for future operations, future orders and anticipated delivery of existing orders, and future payments of dividends are forward-looking statements. The words \"believe,\" \"expect,\" \"anticipate,\" \"plan,\" \"intend,\" \"should,\" \"would,\" \"could\" or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. All comments concerning our expectations for future revenues and o...