GEOS - Geospace Technologies bags ~$12M long-term ocean bottom node rental contract

• Geospace Technologies ( NASDAQ: GEOS ) said Wednesday it secured a long-term rental contract valued at ~$12M with SAExploration, a marine geophysical services provider.
• The contract is for OBX-750E seabed ocean bottom wireless seismic data acquisition nodes.
• "Combined with recently announced rentals , the minimum value from OBX product rental contracts executed during FY22 exceed $25M. Additionally, our shallow water units are nearly at pre-pandemic utilization levels," said GEOS CEO Walter Wheeler.

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