Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Nasdaq  >  MIND Technology, Inc.    MIND


SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Mitcham Industries : Partnership to Produce Synthetic Aperture Sonar Systems

share with twitter share with LinkedIn share with facebook
07/14/2020 | 08:01am EDT

THE WOODLANDS, Texas, July 14, 2020 /PRNewswire/ -- Mitcham Industries, Inc. (NASDAQ: MIND) ("Mitcham" or "the Company") today announced that it and its wholly-owned subsidiary, Klein Marine Systems, Inc. have entered into an agreement with a major European defense contractor to jointly upgrade existing technology to create the next generation of synthetic aperture sonar systems for commercial and military markets. The new systems will be based on technology developed by each of parties over the past several years.  Financial terms of the arrangement were not disclosed.

Guy Malden, Mitcham Co-CEO, commented, "Increasingly, customers require higher resolution images and higher scan rates for certain demanding applications. Synthetic aperture sonar ("SAS") is one way to achieve this. In fact, for certain projects, SAS is a specified technology. We believe that by partnering with this major European defense contractor that has recognized expertise in marine acoustic technology, and by leveraging both our previous developments, we will be able to bring solutions to the market much more quickly. We also think this will significantly increase the addressable market for our Klein sonar solutions. Plans are to provide SAS systems for both towed body and AUV configurations. We expect to make more information available, including expected availability, in the coming weeks and months."

About Mitcham Industries

Mitcham Industries, Inc. provides technology to the oceanographic, hydrographic, defense, seismic and security industries.  Headquartered in The Woodlands, Texas, Mitcham has a global presence with operating locations in the United States, Canada, Singapore, Malaysia, Hungary, Colombia and the United Kingdom.  Mitcham's worldwide Marine Technology Products segment, which includes its Seamap and Klein Marine Systems units, designs, manufactures and sells specialized, high performance, marine sonar and seismic equipment. 


Rob Capps, Co-CEO

Mitcham Industries, Inc.


Ken Dennard / Zach Vaughan

Dennard Lascar Investor Relations




View original content:http://www.prnewswire.com/news-releases/mitcham-industries-partnership-to-produce-synthetic-aperture-sonar-systems-301092983.html

SOURCE Mitcham Industries, Inc.

© PRNewswire 2020

share with twitter share with LinkedIn share with facebook
All news about MIND TECHNOLOGY, INC.
10/13MIND TECHNOLOGY, INC : Regulation FD Disclosure (form 8-K)
10/08MIND TECHNOLOGY : To Present In The 2020 Microcap Rodeo Virtual Conference
09/28MIND TECHNOLOGY : Klein Unit Completes Advanced Naval Technology Exercise
09/25MIND TECHNOLOGY, INC : Entry into a Material Definitive Agreement, Termination o..
09/15MIND TECHNOLOGY : Management's Discussion and Analysis of Financial Condition an..
09/14MIND TECHNOLOGY, INC : Results of Operations and Financial Condition, Regulation..
09/14MIND TECHNOLOGY : Reports Fiscal 2021 Second Quarter Results
09/14MIND TECHNOLOGY, INC. : Reports Fiscal 2021 Second Quarter Results
09/02MIND TECHNOLOGY : Announces Fiscal 2021 Second Quarter Earnings Release And Conf..
08/20MIND TECHNOLOGY : Mitcham Industries Completes Reincorporation and Rebranding to..
More news