Geospace Subsidiary Quantum Technology Sciences Awarded U.S. Homeland Security Contract
Geospace Technologies Corporation (GEOS)
Last geospace technologies corporation earnings: 5/4 05:01 pm
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Geospace Technologies (NASDAQ: GEOS) today announced that its subsidiary Quantum Technology Sciences, Inc. was awarded a $10M contract to provide a technology solution to the Department of Homeland Security under a new contract for U.S. Customs and Border Protection (CBP) U.S. Border Patrol. This procurement specifically pursues technologies developed by Quantum under the Small Business Innovative Research (SBIR) program, for which the company’s technology achieved a Phase III designation and corresponding exclusive data rights with the United States government.Under the SBIR program, Quantum spent nearly a decade developing a proprietary detection system. This technology detects, identifies, locates, and follows activities of interest in real-time. In 2018, Geospace acquired Quantum to further diversify the business outside oil and gas. The combined strengths of large-scale acquisition systems and sophisticated analytics have been integrated into a next
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GEOS
News
- Geospace Technologies' (NASDAQ:GEOS) Returns On Capital Are Heading Higher [Yahoo! Finance]Yahoo! Finance
- Geospace Technologies Co. (NASDAQ: GEOS) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Geospace Technologies Full Year 2024 Earnings: US$0.50 loss per share (vs US$0.93 profit in FY 2023) [Yahoo! Finance]Yahoo! Finance
- GEOS Stock Declines After Q4 Earnings Amid Mixed Segment Performance [Yahoo! Finance]Yahoo! Finance
- Geospace Technologies Reports Fourth Quarter and Fiscal Year 2024 Results [Yahoo! Finance]Yahoo! Finance
GEOS
Sec Filings
- 12/11/24 - Form 3
- 11/26/24 - Form 8-K
- 11/22/24 - Form 4
- GEOS's page on the SEC website