Geospace Technologies

Geospace Technologies Corporation is a manufacturer of specialized electronics and seismic data acquisition equipment used in the oil and gas industry.^[1][2][3] Geospace Technologies has been publicly traded on the NASDAQ stock exchange since November 1997.^[4]

Geospace Technologies

Company type	Public
Traded as	Nasdaq: GEOS
Industry	Geoscience
Founded	1980; 45 years ago (1980)
Headquarters	Houston, Texas, United States
Website	www.geospace.com

History

The company was founded in 1980 when Tokyo-based OYO Corporation entered the North American seismic instrumentation market.^[5] In 1983, OYO U.S.A was a subsidiary of OYO Japan’s North American, and operations were conducted through a wholly owned holding company.^[6] In 1985, AMF Geo Space Corporation specializing in the geophone and hydrophone operations was announced to be sold by its parent company AMF Inc. A year later OYO U.S.A. acquired AMF Geo Space Corporation.^[7] OYO Geospace Corporation was established in 1994 as a subsidiary of OYO U.S.A. by combining Houston Geophysical Products and the AMF thermal plotter line.^[8] On November 20, 1997, the firm shares were listed on NASDAQ.^[9] In 1998, OYO Geospace Corporation acquired JRC/Concord Technologies Inc., a company specializing in the design and manufacture of marine seismic streamer accessories.^[10]

In February 2012, OYO Corporation U.S.A. sold its shares of OYO Geospace Corporation.^[11][12] On October 1, 2012, OYO Geospace Corporation changed its name and ticker symbol to Geospace Technologies Corporation. At the same time, the plotter line OYO Instruments was renamed to EXILE Technologies.^[13]

In July 2018, the company acquired Quantum Technology Sciences, a privately held security and surveillance sensing technology company.^[14][15]

In November 2018, Geospace bought the Norwegian-based PGS’s Optoseis,^[16] a fiber optic permanent reservoir monitoring company.^[17][18]

In April 2020, the company received a $10 million contract with the Department of Homeland Security to provide a border security technology product to the U.S. Customs and Border Protection.^[19] In July 2021, Geospace Technologies acquired 100 percent shares of Aquana, LLC.^[20][21]