HOUSTON, Sept. 19, 2011 /PRNewswire/ -- At the Society of Exploration of Geophysicists conference in San Antonio, INOVA Geophysical announced the introduction of five new products distinctly designed to infuse greater flexibility into land seismic operations. These technological advancements will provide geophysical contractors and E&P companies with more options while addressing key challenges around the industry's emerging trends. Together, all of these new or redesigned technologies address common industry concerns and offer opportunities for productivity gains.
Today's announcement marks the beginning of the most significant product launch since the formation of the company in 2010. INOVA Geophysical is a global independent land seismic equipment manufacturer formed as a joint venture of BGP, the world's largest land seismic contractor, and ION Geophysical, a leading technology-focused seismic solutions company. Though a relatively young company, by leveraging the array of ION's state-of-the-art, pioneering land seismic technology combined with BGP's operational experience, INOVA has been able to quickly produce advanced seismic land technology with real positive impact. This is an exceptional quantity of new products for a geophysical equipment manufacturer and demonstrates the company's commitment to listening to its customers and quickly providing viable solutions to their problems.
According to Steve Bate, INOVA's President and Chief Executive Officer, the introduction of the products is the result of an unprecedented collaboration between INOVA and its customers. Real field operational experience helped guide product development through feedback from customers who worked closely with INOVA to identify need gaps in their land seismic operations. "In our highly competitive industry, our advantage comes from being out in the field with our customers," Bate said. "These new products provide more breadth to our portfolio and offer our customers a competitive edge through capabilities that will allow their crews to be more productive and address core acquisition issues in new ways."
Of great interest to the geophysical community is the launch of a new cableless platform of land acquisition systems. Equipment operators are increasingly turning to cableless seismic operations to overcome obstacles, reduce footprint and comply with environmental regulations. Following this trend, INOVA now offers two cableless systems: the redesigned FireFly® DR31 and a new autonomous node Hawk™ SN11 recording system.The new generation of FireFly, the DR31, delivers all the previous benefits of the radio-based cableless system including reduced system weight, improved operational efficiency, reduced HSE (health, safety and environmental) risks, and operational visibility into the spread. The Hawk SN11 recording system is based on a wireless platform without radio infrastructure. It operates autonomously and is ideal for swift operations where visibility into the operation is not necessary. Hawk offers visual status checks through LED indicators and presents a user-friendly system for wireless data harvesting in the field.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts