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Geospace Technologies (GEOS) Reports Acquisition of OptoSeis Fiber Optic Technology

November 13, 2018 10:01 AM EST

Geospace Technologies (NASDAQ: GEOS) today announced that it has acquired from PGS Americas, Inc. (PGS) all the intellectual property and related assets of PGSs OptoSeis® fiber optic sensing technology business. Geospace intends to retain each of the PGSs highly qualified employees dedicated to the OptoSeis® business and will continue operating the business in Austin, Texas.

The OptoSeis® fiber optic technology has been successfully deployed by PGS in a marine permanent reservoir monitoring system in the Jubarte field located offshore Brazil and has also been demonstrated as a viable technology for large scale cabled land... More