Viridien wins contract to supply 30,000 Sercel WiNG land nodes to DMT

Rhea-AI Summary

Viridien's Sensing & Monitoring business, marketed under the Sercel brand, has sold and delivered 30,000 Sercel WiNG land seismic nodes to DMT GmbH & Co. KG, a global engineering services company based in Germany. DMT plans to use these innovative nodes for large-scale seismic surveys in urban areas, targeting energy resources, including geothermal.

The WiNG nodes feature the ultra-sensitive QuietSeis® sensor, providing optimal data quality for subsurface imaging. They also include Pathfinder transmission management technology for real-time monitoring of the acquisition spread. This contract highlights Viridien's commitment to providing advanced, reliable, and sustainable solutions for seismic surveys in various conditions.

Positive

• Secured a significant contract for 30,000 Sercel WiNG land seismic nodes
• Expanding market presence in the geothermal energy exploration sector
• Demonstrating technological leadership with advanced QuietSeis® sensor and Pathfinder technology

Negative

• None.

Insights

Geophysics Expert

The acquisition of 30,000 Sercel WiNG land seismic nodes by DMT marks a significant advancement in urban seismic surveying capabilities. The QuietSeis® sensor technology in these nodes is particularly noteworthy for its ability to deliver high-quality data in noise-prone urban environments. This is important for geothermal exploration, which requires precise subsurface imaging.

The real-time monitoring capability provided by the Pathfinder technology is a game-changer for operational efficiency. It allows for immediate quality control, potentially reducing survey time and costs. For investors, this deal signifies Viridien's strong position in the seismic technology market, especially in the growing field of urban geothermal exploration. The focus on sustainable energy resources aligns with global trends, potentially opening up new market opportunities for Viridien in the future.

Energy Sector Analyst

This contract win for Viridien's Sercel brand is strategically significant. It positions the company at the forefront of the energy transition, particularly in urban geothermal exploration. The deal with DMT, a respected engineering services group, validates the quality and efficiency of Viridien's technology.

The focus on urban areas is particularly noteworthy. As cities seek sustainable energy solutions, geothermal resources are becoming increasingly attractive. This contract could be a precursor to similar deals in other urban centers globally. For investors, this signals Viridien's potential for growth in the renewable energy sector, diversifying its revenue streams beyond traditional oil and gas exploration. The company's ability to adapt its technology for emerging energy needs demonstrates its resilience and innovation in a rapidly evolving market.

Viridien wins contract to supply 30,000 Sercel WiNG land nodes to DMT

Paris, France – August 29, 2024

Viridien announced today that its Sensing & Monitoring business line, marketed under the Sercel brand, has sold and delivered a total of 30,000 Sercel WiNG land seismic nodes to DMT GmbH & Co. KG, a global engineering services and consultancy group headquartered in Essen, Germany. DMT will deploy the innovative and highly efficient WiNG nodes on a campaign of large-scale seismic surveys planned in urban areas to target energy resources, including geothermal.

Featuring the ultra-sensitive broadband digital MEMS (microelectromechanical systems) QuietSeis^® sensor, the Sercel WiNG node delivers optimal data quality for outstanding subsurface imaging. With its field-proven Pathfinder transmission management technology, the crew can view and monitor the entire acquisition spread in real time, ensuring the most comprehensive and efficient quality control of operations.

Jérôme Denigot, Executive Vice President, Sensing & Monitoring, said: "We are delighted that DMT has selected our next-generation Sercel WiNG solution to ensure delivery of the most accurate seismic data to help meet the energy challenges of today and tomorrow. By selecting our WiNG nodes, DMT is partnering with an advanced technology company that is committed to providing its customers with the most innovative, reliable and sustainable solutions for use in all survey conditions.”

About Viridien:

Viridien (www.viridiengroup.com) is an advanced technology, digital and Earth data company that pushes the boundaries of science for a more prosperous and sustainable future. With our ingenuity, drive and deep curiosity we discover new insights, innovations, and solutions that efficiently and responsibly resolve complex natural resource, digital, energy transition and infrastructure challenges. Viridien employs around 3,500 people worldwide and is listed as VIRI on the Euronext Paris SA (ISIN: FR001400PVN6).

Contacts

Investor Relations Jean Baptiste Roussille Tel: + 33 06 14 51 09 88 E-Mail: jean-baptiste.roussille@viridiengroup.com

Attachment

• Viridien wins contract to supply 30,000 Sercel WiNG land nodes to DMT

FAQ

What is the significance of Viridien's contract with DMT for Sercel WiNG nodes?

The contract is significant as it involves the sale and delivery of 30,000 Sercel WiNG land seismic nodes to DMT, showcasing Viridien's technological capabilities and expanding its market presence in energy resource exploration, particularly in urban areas and geothermal projects.

What are the key features of Sercel WiNG nodes that make them suitable for DMT's seismic surveys?

Sercel WiNG nodes feature the ultra-sensitive QuietSeis® sensor for optimal data quality and Pathfinder transmission management technology for real-time monitoring. These features make them ideal for large-scale seismic surveys in urban areas, targeting various energy resources including geothermal.

How does this contract with DMT align with Viridien's business strategy?

This contract aligns with Viridien's strategy to provide innovative, reliable, and sustainable solutions for seismic surveys. It demonstrates the company's commitment to advancing technology in the energy exploration sector and its ability to secure significant contracts with global engineering firms.