NEWS

Geospace Technologies Corporation (NASDAQ: GEOS) today announced its subsidiary Quantum Technology Sciences, Inc. signed a $1.5 million contract with the Defense Advanced Projects Research Agency (DARPA).

The contract is a Phase II Small Business Innovative Research (SBIR) to explore a new SADAR® capability using littoral seabed deployed passive seismic-acoustic phased arrays for monitoring energy sources of interest on the nearby land, water and air environments.

“Our parent company Geospace has decades of deployment experience with both cabled and nodal seismic systems in a marine environment for energy exploration. Through this project, we will blend the strength of Geospace’s experience in high quality seismic data acquisition in a littoral environment with the unmatched sophistication of Quantum’s seismic data analytics,” said Mark Tinker, CEO of Quantum Technology Sciences.

Historically, the land-water transition zone, which includes shallow littoral waters, the surf zone, and onshore terrestrial environments, is a difficult geographic zone to surveil. Overhead surveillance may provide limited time frames and discrete views of activities and can often be countered by camouflage, concealment, and deception (CCD) techniques. In contrast, surveillance using passive acoustic and seismic technologies such as SADAR® provides persistent monitoring that cannot be countered by CCD techniques and cannot be easily detected. Through this contract effort, improving upon individual unattended ground sensors, phased array networks will collect non-line-of-site signals for vibrational sources allowing separate, simultaneous target identification, classification and tracking in near real-time.

About Quantum Technology Sciences

Quantum designs and sells tactical security and surveillance solutions to safeguard highly valued assets, critical infrastructure, borders and perimeters. Since its inception in 1991, Quantum has provided valuable geophysical sensing technologies to serve various U.S. government missions to include the Department of Defense, Department of Energy, Department of Homeland Security and other agencies. For more information, visit www.QTSI.com.

About Geospace Technologies
Geospace Technologies is a global technology and instrumentation manufacturer specializing in vibration sensing and highly ruggedized products which serve energy, industrial, government and commercial customers worldwide. The Company’s products blend engineering expertise with advanced analytic software to optimize energy exploration, enhance national and homeland security, empower water utility and property managers, and streamline electronic printing solutions. With more than four decades of excellence, the Company’s more than 600 employees across the world are dedicated to engineering and technical quality. Geospace is traded on the U.S. NASDAQ stock exchange as GEOS. For more information, visit www.geospace.com.

“Information presented about this DARPA-sponsored project does not reflect any policy or position of the US Government and no official endorsement should be inferred.”