Geospace Technologies Releases Lightweight, Long Lasting Land Seismic Data Acquisition Node

Rhea-AI Summary

• English
• French
• German
• Italian
• Korean
• Spanish

Geospace Technologies (NASDAQ: GEOS) introduces Pioneer™, the lightest geophone-based nodal product on the market weighing less than 0.5kg. It offers 24/7 recording for 50 days, rapid recharging, and data transfer, improving signal to noise ratio. The node aims to reduce costs and increase efficiency in land seismic data acquisition.

Lightest Geophone-Based Nodal Product on the Market at Less Than 0.5 Kg

HOUSTON--(BUSINESS WIRE)-- Geospace Technologies Corporation (NASDAQ: GEOS) announces the new product release of an all-in-one, ultralight weight, land-based, wireless seismic data acquisition solution called the Pioneer™.

Weighing less than 0.5kg, the Pioneer features a 5Hz geophone, specially designed by Geospace with a small form factor and reduced weight. The Pioneer is able to record continuously 24 hours a day for 50 days and offers rapid recharging and data download times. The carefully designed node provides inductive charging and data transfer as well as improved sensor coupling to dramatically improve the signal to noise ratio delivered. Each node features one GS-5 vertical geophone, battery, 24-bit digitizer, and GPS receiver enclosed in its sealed case. The Pioneer aims to reduce overall operating and ownership costs by lowering the deployment footprint. The benefits of Pioneer’s lower power consumption, smaller size, and less weight result in reduced logistics and lower fuel costs, enabling crews to deploy much faster with greater efficiency.

“Demand for land seismic acquisition solutions is growing, driven by factors including increasing exploration and production activities in unconventional oil and gas reservoirs as well as the focus on technologies to aid the energy transition,” said Rick Wheeler, President and CEO. “This is Geospace’s first new land-based product in five years. In the interim, many other low-cost, low-quality land nodes have flooded the market. Time has proven that these cheap non-performant products are exceedingly unreliable for both data quality and operational lifetime. We chose a different path that maintained the superb performance, quality, and reliability for which Geospace is known. Along with listening to our customers’ needs, we took time to gather lessons learned from technology advancements in battery life, sensor performance, and overall technology advances which allowed us to design and manufacture the Pioneer at a cost-competitive price.”

Pioneer is fully compatible with the company’s proprietary software package of GeoUtilities, GeoReaper and GeoMerge. By incorporating the power of distributive computing, a single operator interface controls the scalable data collection and delivery needs of any sized crew.

About Geospace Technologies
Geospace Technologies is a global technology and instrumentation manufacturer specializing in vibration sensing and highly ruggedized products which serve energy, industrial, government and commercial customers worldwide. The Company’s products blend engineering expertise with advanced analytic software to optimize energy exploration, enhance national and homeland security, empower water utility and property managers, and streamline electronic printing solutions. With more than four decades of excellence, the Company’s more than 600 employees across the world are dedicated to engineering and technical quality. Geospace is traded on the U.S. NASDAQ stock exchange as GEOS. For more information, visit www.geospace.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240418511123/en/

Media Contact: Caroline Kempf, ckempf@geospace.com, 321.341.9305

Source: Geospace Technologies Corporation

FAQ

What is the name of the new product release from Geospace Technologies ?

The new product release is called Pioneer™.

How much does the Pioneer node from Geospace Technologies weigh?

The Pioneer node weighs less than 0.5kg.

How long can the Pioneer node record continuously?

The Pioneer node can record continuously for 24 hours a day for 50 days.

What are some key features of the Pioneer node from Geospace Technologies ?

Key features of the Pioneer node include a 5Hz geophone, inductive charging, data transfer, improved sensor coupling, GS-5 vertical geophone, battery, 24-bit digitizer, and GPS receiver.

How does the Pioneer node aim to reduce overall operating and ownership costs?

The Pioneer node aims to reduce costs by lowering the deployment footprint, reducing power consumption, size, and weight, resulting in lower logistics and fuel costs.

What software package is the Pioneer node compatible with from Geospace Technologies ?

The Pioneer node is compatible with GeoUtilities, GeoReaper, and GeoMerge software package.