MIND Technology Announces Source Controller Orders
MIND Technology has announced significant orders for its Seamap unit's GunLink source controller. The company received an order worth approximately $5.1 million, contributing to a total of $7.9 million in orders since July 31, 2024. Mark Welker, Vice President of MIND and Seamap Managing Director, highlighted the strong demand for their source controller products.
While a portion of these orders will be delivered in the current fiscal year, the majority is slated for delivery in the next fiscal year. The company is also pursuing additional significant opportunities expected to materialize in the near future. MIND Technology views its growing backlog and business pipeline as positive indicators for the remainder of this fiscal year and the next.
MIND Technology ha annunciato ordini significativi per il controller GunLink della unità Seamap. L'azienda ha ricevuto un ordine del valore di circa 5,1 milioni di dollari, contribuendo a un totale di 7,9 milioni di dollari in ordini dal 31 luglio 2024. Mark Welker, Vice Presidente di MIND e Amministratore Delegato di Seamap, ha sottolineato la forte domanda per i loro prodotti di controllo sorgente.
Sebbene una parte di questi ordini sarà consegnata nell'anno fiscale attuale, la maggior parte è prevista per la consegna nell'anno fiscale successivo. L'azienda sta anche cercando ulteriori opportunità significative che ci si aspetta possano materializzarsi nel prossimo futuro. MIND Technology considera il suo crescente backlog e il pipeline commerciale come indicatori positivi per il resto di questo anno fiscale e per il successivo.
MIND Technology ha anunciado pedidos significativos para su controlador de fuente GunLink de la unidad Seamap. La compañía recibió un pedido por aproximadamente 5,1 millones de dólares, contribuyendo a un total de 7,9 millones de dólares en pedidos desde el 31 de julio de 2024. Mark Welker, Vicepresidente de MIND y Director General de Seamap, destacó la fuerte demanda de sus productos de controlador de fuente.
Si bien una parte de estos pedidos se entregará en el año fiscal actual, la mayoría está programada para ser entregada en el siguiente año fiscal. La empresa también está buscando oportunidades significativas que se espera se materialicen en un futuro cercano. MIND Technology considera su creciente cartera de pedidos y su pipeline comercial como indicadores positivos para el resto de este año fiscal y el próximo.
MIND Technology는 Seamap 유닛의 GunLink 소스 컨트롤러에 대한 상당한 주문을 발표했습니다. 이 회사는 약 510만 달러 규모의 주문을 받았으며, 2024년 7월 31일부터 총 790만 달러의 주문을 기록했습니다. MIND의 부사장 및 Seamap의 관리 이사인 Mark Welker는 자사의 소스 컨트롤러 제품에 대한 강력한 수요를 강조했습니다.
이 주문 중 일부는 현재 회계연도에 배송될 예정이지만, 대다수는 다음 회계연도에 배송될 계획입니다. 이 회사는 가까운 미래에 실현될 것으로 예상되는 추가 상당한 기회를 추구하고 있습니다. MIND Technology는 증가하는 미결 주문과 사업 파이프라인을 이번 회계연도 및 다음 회계연도의 긍정적인 지표로 보고 있습니다.
MIND Technology a annoncé des commandes significatives pour son contrôleur de source GunLink de l'unité Seamap. L'entreprise a reçu une commande d'une valeur d'environ 5,1 millions de dollars, contribuant à un total de 7,9 millions de dollars de commandes depuis le 31 juillet 2024. Mark Welker, vice-président de MIND et directeur général de Seamap, a souligné la forte demande pour leurs produits de contrôleur de source.
Bien qu'une partie de ces commandes sera livrée au cours de l'exercice en cours, la majorité est prévue pour livraison au cours du prochain exercice. L'entreprise recherche également d'autres opportunités significatives qui devraient se concrétiser dans un avenir proche. MIND Technology considère son carnet de commandes croissant et son pipeline commercial comme des indicateurs positifs pour le reste de cet exercice et le suivant.
MIND Technology hat bedeutende Bestellungen für ihren GunLink-Quelle-Controller der Seamap-Einheit angekündigt. Das Unternehmen erhielt eine Bestellung im Wert von etwa 5,1 Millionen Dollar, was zu insgesamt 7,9 Millionen Dollar an Bestellungen seit dem 31. Juli 2024 beigetragen hat. Mark Welker, Vizepräsident von MIND und Geschäftsführer von Seamap, hob die starke Nachfrage nach ihren Quellcontroller-Produkten hervor.
Während ein Teil dieser Bestellungen im laufenden Geschäftsjahr geliefert werden wird, ist der Großteil für die Lieferung im nächsten Geschäftsjahr vorgesehen. Das Unternehmen verfolgt auch zusätzliche bedeutende Chancen, die in naher Zukunft voraussichtlich realisiert werden. MIND Technology betrachtet ihren wachsenden Auftragsbestand und das Geschäftsaufkommen als positive Indikatoren für den Rest dieses und des nächsten Geschäftsjahres.
- Received a $5.1 million order for GunLink source controller
- Total orders of $7.9 million since July 31, 2024
- Strong demand reported for source controller products
- Pursuing additional significant business opportunities
- Growing backlog and pipeline indicate positive outlook for current and next fiscal year
- None.
Mark Welker, Vice President of MIND and Seamap Managing Director, stated, "We are seeing strong demand for our GunLink source controllers. These most recent orders indicate the continuing demand across our family of source controller products. We expect to deliver a portion of these orders in this fiscal year; however, the majority will be delivered in our next fiscal year. In addition to the orders that we have in hand, we are pursuing a number of significant opportunities that we expect to bring to fruition in the coming weeks and months. We think our continuing backlog and pipeline of business bodes well for the balance of this fiscal year and next year as well."
About MIND Technology
MIND Technology, Inc. provides technology to the oceanographic, hydrographic, defense, seismic and security industries. Headquartered in
Forward-looking Statements
Certain 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 operating results are based on our forecasts of our existing operations and do not include the potential impact of any future acquisitions or dispositions. Our forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. These risks and uncertainties include, without limitation, reductions in our customers' capital budgets, our own capital budget, limitations on the availability of capital or higher costs of capital, volatility in commodity prices for oil and natural gas.
For additional information regarding known material factors that could cause our actual results to differ from our projected results, please see our filings with the SEC, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, unless required by law, whether as a result of new information, future events or otherwise. All forward-looking statements included in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to herein.
Contacts: | Rob Capps, President & CEO |
MIND Technology, Inc. | |
281-353-4475 | |
Ken Dennard / Zach Vaughan | |
Dennard Lascar Investor Relations | |
713-529-6600 | |
View original content:https://www.prnewswire.com/news-releases/mind-technology-announces-source-controller-orders-302254449.html
SOURCE MIND Technology, Inc.
FAQ
What is the value of the recent GunLink source controller order received by MIND Technology (MIND)?
How much in total orders has MIND Technology (MIND) received since July 31, 2024?
When does MIND Technology (MIND) expect to deliver the recent orders for GunLink source controllers?
What is the outlook for MIND Technology (MIND) based on their recent orders?
