Business Services Industry
GeoScience Corporation Announces That Its Innovative Transducers Subsidiary Acquires Assets From Bison Instruments
Business Wire, July 9, 1998
HOUSTON--(BUSINESS WIRE)--June 9, 1998--GeoScience Corporation (Nasdaq:GSCI) today announced that its Innovative Transducers Inc. (ITI) subsidiary acquired the assets and intellectual property of Bison Instruments Inc. seismograph product line.
The assets acquired are digital seismic recording systems used in academia studies, land/marine exploration, and engineering applications.
Sam Bull, President of ITI stated, "This acquisition supports our long-term growth plans for ITI and offers flexibility to provide total system solutions to our customers whilst complimenting Syntron's technology portfolio and core competencies."
GeoScience Corporation designs, develops and manufactures seismic data acquisition systems and provides services for the oil and gas exploration and production industry.
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, without limitation, risks associated with the uncertainty of market acceptance of the Company's products, limited number of customers, as well as risks of downturns in economic conditions generally, risks associated with competition and competitive pricing pressures, and other risks detailed in the Company's filings with the Securities and Exchange Commission.
CONTACT: GeoScience Corporation, Houston
Richard F. Miles, 713/780-1881
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