Geospace marks first significant sale of Pioneer ultralight seismic land node

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Geospace Technologies (NASDAQ:GEOS [https://seekingalpha.com/symbol/GEOS]) +5.1% pre-market Monday after saying it made the first major sale [https://seekingalpha.com/pr/20195970-dawson-geophysical-company-purchases-ultralight-seismic-land-nodes-from-geospace-technologies] of its Geospace Pioneer ultralight seismic land node, to Dawson Geophysics (DWSN [https://seekingalpha.com/symbol/DWSN]), with the estimated value of the agreement expected to reach ~$24M.

Pioneer is a small, lightweight, single-component, autonomous land wireless seismic data acquisition solution delivering precise, high resolution, accurate survey data; the node continuously records foras many as 50 days and offers accelerated deployment with an exclusive QuickDeploy feature, the company said.

"After significant field testing, we decided to make an investment to increase our channel count with Geospace's Pioneer product based on the high quality of data offered in a lightweight package," Dawson Geophysics (DWSN [https://seekingalpha.com/symbol/DWSN]) President and CEO Tony Clark said.

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