MIND Technology Secures Over $9.5 Million in Orders for GunLink Controllers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 02 2025
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Source: PRnewswire
- Significant Order Value: MIND Technology's Seamap unit has secured orders for GunLink source controllers and associated equipment from an international seismic contractor, with a total value exceeding $9.5 million, expected to be delivered in this fiscal year or early next year, indicating sustained demand in the marine exploration equipment market.
- Ongoing Market Demand: Despite a temporary lull in order activity, MIND's Vice President Mark Welker noted strong interest in source controllers and other products, suggesting that confidence in the market is recovering as technical requirements are finalized.
- Global Business Presence: MIND Technology operates key locations in the U.S., Singapore, Malaysia, and the U.K., with its Seamap unit focusing on the design and manufacture of high-performance marine exploration equipment, further solidifying its competitive edge in the global market.
- Future Outlook: The company's press release includes forward-looking statements that emphasize expectations for future operations and financial position, highlighting confidence in future orders and deliveries despite risks such as capital budget constraints and commodity price volatility.
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Analyst Views on MIND
About MIND
Mind Technology, Inc. provides technology to the oceanographic, hydrographic, defense, seismic and security industries. The Company offers marine technology products to marine survey, marine exploration, and maritime defense markets. The Company operates through one segment: Seamap Marine Products business, which is engaged in the design, manufacture and sale of specialized marine seismic equipment. Seamap’s primary products include the GunLink seismic source acquisition and control systems, which are designed to provide operators of marine seismic surveys more precise monitoring and control of energy sources; the BuoyLink relative global navigation satellite system (RGNSS) positioning system, which is used to provide precise positioning of marine seismic energy sources and streamers; Sleeve Gun energy sources and the SeaLink towed seismic streamer system. Applications for these technologies include marine seismic surveys related to energy exploration and alternative energy projects.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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