Wikipedia

Geospace Technologies

Geospace Technologies Corporation is a manufacturer of specialized electronics and seismic data acquisition equipment used in the oil and gas industry.[1][2][3] Geospace Technologies has been publicly traded on the NASDAQ stock exchange since November 1997.[4]

Geospace Technologies
Company typePublic
Nasdaq: GEOS
IndustryGeoscience
Founded1980; 44 years ago (1980)
HeadquartersHouston, Texas, United States
Websitewww.geospace.com

History edit

The company was founded in 1980 when Tokyo-based OYO Corporation entered the North American seismic instrumentation market.[5] In 1983, OYO U.S.A was a subsidiary of OYO Japan’s North American, and operations were conducted through a wholly owned holding company.[6] In 1985, AMF Geo Space Corporation specializing in the geophone and hydrophone operations was announced to be sold by its parent company AMF Inc. A year later OYO U.S.A. acquired AMF Geo Space Corporation.[7] OYO Geospace Corporation was established in 1994 as a subsidiary of OYO U.S.A. by combining Houston Geophysical Products and the AMF thermal plotter line.[8] On November 20, 1997, the firm shares were listed on NASDAQ.[9][10] In 1998, OYO Geospace Corporation acquired JRC/Concord Technologies Inc., a company specializing in the design and manufacture of marine seismic streamer accessories.[11]

In February 2012, OYO Corporation U.S.A. sold its shares of OYO Geospace Corporation.[12][13] On October 1, 2012, OYO Geospace Corporation changed its name and ticker symbol to Geospace Technologies Corporation. At the same time, the plotter line OYO Instruments was renamed to EXILE Technologies.[14]

In July 2018, the company acquired Quantum Technology Sciences, a privately held security and surveillance sensing technology company.[15][16]

In November 2018, Geospace bought the Norwegian-based PGS’s Optoseis,[17] a fiber optic permanent reservoir monitoring company.[18][19]

In April 2020, the company received a $10 million contract with the Department of Homeland Security to provide a border security technology product to the U.S. Customs and Border Protection.[20] In July 2021, Geospace Technologies acquired 100 percent shares of Aquana, LLC.[21][22]

References edit

  1. ^ Gaci, Said; Hachay, Olga; Nicolis, Orietta (2021-06-19). Methods and Applications in Petroleum and Mineral Exploration and Engineering Geology. Elsevier. ISBN 978-0-323-85618-8.
  2. ^ Uijttewaal, Wim; Franca, Mário J.; Valero, Daniel; Chavarrias, Victor; Arbós, Clàudia Ylla; Schielen, Ralph; Crosato, Alessandra (2020-08-27). River Flow 2020: Proceedings of the 10th Conference on Fluvial Hydraulics (Delft, Netherlands, 7-10 July 2020). CRC Press. ISBN 978-1-000-29436-1.
  3. ^ Meghraoui, Mustapha (2022). Advances in Geophysics, Tectonics and Petroleum Geosciences: Proceedings of the 2nd Springer Conference of the Arabian Journal of Geosciences (CAJG-2), Tunisia 2019. Springer Nature. ISBN 978-3-030-73026-0.
  4. ^ "Geospace Technologies Corporation Common Stock (Texas) (GEOS)". NASDAQ.
  5. ^ "Geospace Technologies Corporation (GEOS) Stock Price Today, Quote & News | Seeking Alpha". seekingalpha.com. Retrieved 2023-01-06.
  6. ^ Perin, Monica (1997-10-12). "Former Input/Output officers seek to take Japanese firm public". www.bizjournals.com. Retrieved 2023-01-06.
  7. ^ Crudele, John (1985-08-30). "AMF ANNOUNCES PLANS TO SELL 13 SUBSIDIARIES". The New York Times. ISSN 0362-4331. Retrieved 2023-01-06.
  8. ^ "Subsidiaries of OYO Geospace Corporation". www.sec.gov. Retrieved 2023-01-06.
  9. ^ "Geospace Technologies Corporation (GEOS) Market Cap & Net Worth". Stock Analysis. Retrieved 2023-01-06.
  10. ^ webmaster. "GEOSPACE TECHNOLOGIES CORP Annual Report (Form10) - Geospace Technologies (NASDAQ:GEOS)". Benzinga. Retrieved 2023-01-06.
  11. ^ "SECURITIES AND EXCHANGE COMMISSION". 2000-09-30.
  12. ^ "Geospace Technologies Reports Fiscal Year 2012 Results". www.businesswire.com. 2012-12-11. Retrieved 2023-01-06.
  13. ^ "Why OYO Geospace May Be About to Take Off". uk.finance.yahoo.com. Retrieved 2023-01-06.
  14. ^ "OYO Geospace Corporation Announces Name Change and Ticker Symbol Change". CNBC. Retrieved 2023-01-06.
  15. ^ Pulsinelli, Olivia (2018-07-31). "Houston seismic data equipment manufacturer buys security co". Bizjournals. Retrieved 2023-01-06.
  16. ^ "Geospace Acquires 'ASTORS' Winner Quantum Technology Sciences". American Security. 2018-08-06.
  17. ^ Wilson, Hamish; Nunn, Keith; Luheshi, Matt (2021-12-16). Integration of Geophysical Technologies in the Petroleum Industry. Cambridge University Press. ISBN 978-1-108-91171-9.
  18. ^ "Texas firm acquires Vermont's Aquana, LLC | Vermont Business Magazine". vermontbiz.com. Retrieved 2023-01-06.
  19. ^ "Geospace Technologies Corporation Acquires OptoSeis® Fiber Optic Technology". www.businesswire.com. 2018-11-13. Retrieved 2023-01-06.
  20. ^ "Geospace subsidiary Quantum Technology Sciences wins U.S. Homeland Security contract (NASDAQ:GEOS) | Seeking Alpha". seekingalpha.com. Retrieved 2023-01-06.
  21. ^ MarketScreener. "Geospace Technologies : Acquires Aquana LLC; Shares Rise 12% in Late Trading | MarketScreener". www.marketscreener.com. Retrieved 2023-01-06.
  22. ^ "Texas firm acquires Vermont's Aquana, LLC | Vermont Business Magazine". vermontbiz.com. Retrieved 2023-01-06.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Geospace_Technologies&oldid=1161999382"