US Seismic Systems, Acorn Energy Company, Ships All Optical Array for Marine Based Oil & Gas Operations Under $800K Contract

Comments
Loading...
US Seismic Systems, Inc., an Acorn Energy, Inc. ACFN company, today announced that it has built and shipped an Ultra High Sensitivity fiber-optic based marine seismic array for oil & gas exploration. The system was purchased by an international service provider and is intended for use as a marine array to aid in the collection and interpretation of data in the hostile environment of deep sea oil and gas operations. The contract, valued at over $800K, is the first completion of a cycle that starts with testing, evaluating and finally sales and shipment. USSI is moving forward upon this identical cycle with a number of its customers.
Market News and Data brought to you by Benzinga APIs

Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!