MIND Technology's Klein Unit Completes Advanced Naval Technology Exercise

Rhea-AI Summary

MIND Technology, Inc. (NASDAQ: MIND) successfully conducted a live Advanced Naval Technology Exercise (ANTX) in collaboration with the Naval Surface Warfare Center Panama City Division. The exercise tested the integration of Klein UUV 600 and µMAX technologies, showcasing advancements in sonar systems despite challenges from COVID-19 and hurricanes. The event highlighted the operational benefits for military applications, with reported improvements in survey efficiency by over 40%. The company aims to enhance data quality and operational effectiveness through these innovations.

Positive

• Successful completion of live ANTX event demonstrating Klein's advanced technologies.
• Reported over 40% improvement in survey efficiency with MA-X technology integration.

Negative

• None.

THE WOODLANDS, Texas, Sept. 28, 2020 /PRNewswire/ -- MIND Technology, Inc. (NASDAQ: MIND) and its Klein Marine Systems subsidiary successfully completed a live Advanced Naval Technology Exercise (ANTX) in a collaborative effort with the Naval Surface Warfare Center Panama City Division (NSWC PCD); Commander, Naval Meteorology and Oceanography Command (CNMOC) and in coordination with the Naval Oceanographic Office's Fleet Survey Team (FST), at NSWC PCD. 

Despite COVID-19 limitations and numerous planning challenges caused by Hurricanes Laura and Marco, the collaborative team succeeded in conducting a live ANTX event.  Participants travelled across the country to both Gulfport, Mississippi and Panama City, Florida to assess the operational and technical capabilities of emerging technology innovations.

Klein and a group from NSWC Panama City partnered to integrate the Klein UUV 600 and µMAX technologies into their Iver3 vehicle.  In addition, Klein partnered with Seafloor Systems, Inc. to integrate the Klein MAX View 600 gap-filling side scan sonar system with their large-format, wave adaptive HydroCat-180 USV.  The HC-180 has been integrated with a winch and Towfish Launch & Recovery System (T-LARS) designed and tested by Seafloor Systems.  The USV is designed to be deployed by boat or from shore and be remotely piloted or programmed to conduct a pre-planned mission.  The MAX View towfish was remotely deployed and recovered and the sonar data was sent back in real-time to either the mother ship or shoreside via a radio data link.

"The main benefits of ANTX are two-fold, the government gains first-hand interaction with emerging technology and the innovation providers gain warfighter feedback and insight on how to better work with government," said Todd Holland, director, mine warfare prototyping at NSWC PCD.  "Our team here at Panama City Division, including our test directors, test engineers, range managers, and public affairs personnel did a great job of responding to various challenges while hosting an outstanding ANTX event in collaboration with Klein Marine Systems."

Guy Malden, Co-Chief Executive Officer and Executive Vice President Marine Systems, MIND Technology, added, "We were very pleased to have successfully demonstrated the benefits of our MA-X and µMA-X technologies despite the challenges of weather and COVID-related travel restrictions and greatly appreciate the efforts of NSWC Panama City and Seafloor Systems in this project.  We believe through improved data quality and reduced time on station, MA-X provides for more than a 40% improvement in survey efficiency."

About MIND Technology 
MIND Technology, Inc. provides technology and solutions for exploration, survey and defense applications in oceanographic, hydrographic, defense, seismic and security industries.  Headquartered in The Woodlands, Texas, MIND Technology has a global presence with key operating locations in the United States, Singapore, Malaysia and the United Kingdom.  Its Klein and Seamap units design, manufacture and sell specialized, high performance sonar and seismic equipment.

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

 

View original content:http://www.prnewswire.com/news-releases/mind-technologys-klein-unit-completes-advanced-naval-technology-exercise-301139021.html

SOURCE MIND Technology, Inc.

FAQ

What is the significance of MIND Technology's recent ANTX event?

The ANTX event showcased MIND Technology's innovative capabilities in sonar systems, evaluated under challenging conditions, which enhances its military applications.

How did COVID-19 affect MIND Technology's recent operations?

MIND Technology faced challenges due to COVID-19 restrictions but successfully adapted to complete the ANTX event.

What technologies were tested during the ANTX event by MIND Technology?

The ANTX event integrated Klein UUV 600 and µMAX technologies, demonstrating their effectiveness in operational scenarios.