Geospace Technologies Corporation announced an extended duration rental contract with an international marine geophysical services provider who will rent the new product, Mariner(R), shallow water seabed wireless seismic data acquisition nodes. Based on current contract terms, including potential options, the estimated value of the agreement is expected to reach $20 million. The delivery of Seattle will occur in Geospace's first quarter of fiscal year 2024.

Mariner is a shallow water seabed seismic data acquisition node designed with inductive charging and data download, which makes it a connector-free device. The USA designed and manufactured node continuously records for up to 70 days and offers accelerated recharging times. The device was engineered with a slimmer profile than industry standards to create space savings on seismic survey vessels, allow contractors to fit up to 25% more nodes into a download/charge container.