OYO Geospace Announces $7.4 Million Order from Breckenridge Exploration Company for a 5,000-Channel GSR Data Acquisition System
22 Novembre 2011 - 6:45PM
Business Wire
OYO Geospace (NASDAQ: OYOG) today announced it received a $7.4
million order from an affiliate of Breckenridge Exploration Company
to purchase a 5,000 single-channel GSR wireless seismic data
acquisition system and related equipment. The company expects to
deliver a substantial portion of this order during its first fiscal
quarter ending December 31, 2011.
Mr. James Clay, President of Breckenridge Exploration Company,
said, “We are upgrading our seismic equipment to take advantage of
the most up-to-date seismic technology available. We are pleased
with the design and capabilities of the GSR wireless system and we
expect this technology will allow our crews to operate more
efficiently and effectively in our market area.” Breckenridge
currently operates two geophysical crews and has been performing
contract seismic services in the United States since 1984.
OYO Geospace designs and manufactures instruments and equipment
used by the oil and gas industry in the acquisition and processing
of seismic data as well as in reservoir characterization and
monitoring activities. The company also designs and manufactures
equipment and film for the thermal printing industry worldwide.
This press release includes “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All statements
other than statements of historical fact included herein including
statements regarding potential future products and markets, our
potential future revenues, future financial position, business
strategy, future expectations and other plans and objectives for
future operations, are forward-looking statements. We believe our
forward-looking statements are reasonable. However, they are based
on certain assumptions about our industry and our business that may
in the future prove to be inaccurate. Important factors that could
cause actual results to differ materially from our expectations
include the level of seismic exploration worldwide, which is
influenced primarily by prevailing prices for oil and gas, the
extent to which our new products are accepted in the market, the
availability of competitive products that may be more
technologically advanced or otherwise preferable to our products,
the resolution of the situation in the Middle East and other
factors disclosed under the heading “Risk Factors” and elsewhere in
our most recent Annual Report on Form 10-K and Quarterly Report on
Form 10-Q, which are on file with the Securities and Exchange
Commission. Further, all written and verbal forward-looking
statements attributable to us or persons acting on our behalf are
expressly qualified in their entirety by such factors.
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