MIND Technology and PGS Enter into Supply Agreement

Rhea-AI Summary

MIND Technology, Inc. (NASDAQ: MIND) announced a Master Supply Agreement with PGS for source controllers and related services. This agreement signals an expansion of their longstanding relationship, with MIND expecting to provide advanced source controller technology over the coming years. Currently, MIND's products include the GunLink and SourceLink systems utilized in PGS's fleet. MIND operates globally, providing technological solutions to various industries including defense and marine technology.

Positive

• New Master Supply Agreement with PGS enhances long-term relationship.
• Expected provision of advanced source controller technology over the coming years.

Negative

• None.

THE WOODLANDS, Texas, March 30, 2021 /PRNewswire/ -- MIND Technology, Inc. (NASDAQ: MIND) ("MIND" or "the Company") today announced that its Seamap unit has entered into a Master Supply Agreement with PGS for the provision of an unspecified quantity of source controllers and related services over an indefinite delivery period.

Guy Malden, MIND Co-CEO, commented, "We are pleased to expand our long-standing relationship with PGS.  Under this new framework agreement, we expect to provide advanced source controller technology over the coming years, adding to the GunLink and SourceLink products currently deployed in the PGS fleet."

About MIND Technology

MIND 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.  MIND's worldwide Marine Technology Products segment, which includes its Seamap and Klein Marine Systems units, designs, manufactures and sells specialized, high performance, marine sonar and seismic equipment.  

Contacts:	Rob Capps, Co-CEO
	MIND Technology, Inc.
	936-291-2277
	Ken Dennard / Zach Vaughan
	Dennard Lascar Investor Relations
	713-529-6600
	MIND@dennardlascar.com

 

View original content:http://www.prnewswire.com/news-releases/mind-technology-and-pgs-enter-into-supply-agreement-301258948.html

SOURCE MIND Technology, Inc.

FAQ

What is the significance of MIND's new agreement with PGS?

The new Master Supply Agreement with PGS is significant as it strengthens the long-standing business relationship and is expected to lead to the provision of advanced source controller technology.

What products are included in the supply agreement with PGS?

The supply agreement includes source controllers and related services, expanding on existing products such as GunLink and SourceLink that are currently used in the PGS fleet.

When was MIND Technology's latest press release issued?

MIND Technology's latest press release was issued on March 30, 2021.

What is MIND Technology's stock symbol?

MIND Technology's stock symbol is MIND, and it is traded on NASDAQ.