2022-04-12 | NDAQ:MIND | Press Release

ByThelma M. Gutowski

Apr 19, 2022 #All Tek Information Technology, #Amish Use Of Technology, #Amr Technology Safe, #Applications Of Finfet Technology, #Braddon Cornish Technology West, #Business And Technology Major Uci, #Cross-Device Technology Residence, #Cti Concret Technology Youtube, #Defence Laser Technology Melts Mortar, #Defensive Soundwave Technology, #Define Specification Information N Technology, #Firsthand Technology Opportunity Fund, #Fish Processing Technology Gmhall, #Gage Information Technology Director Linkedin, #Ihs Markit Technology Research Portfolio, #Indian Institute Of Technology Mathematics, #Juan Torres Science And Technology, #Livewire Communications And Technology, #Medical Device Scam Technology, #Nasa Technology For Mars, #New Technology For Draw, #New Technology In Information Security, #New Technology Michigan, #Nike Technology Summer Internships, #Philus Technology Philippines, #Policy Issues In Technology, #Powerpoint Quiz Technology In Action, #Technology Actuary Consulting, #Technology Advancement In Ford Cars, #Technology And Womens Voices Summary, #Technology Commercialization Syllabus, #Technology In Medicak, #Technology In Saving Lives, #Technology Makes Escape, #Technology Next Generation, #Technology Opens Choices, #Technology Pitch Deck Outline, #Technology Super Heros, #The Hill Technology Reporter, #The Technology Industry 2017, #Think Tanks - Technology Governance, #Trade Market For Technology, #Using Technology At A Bbq, #Visit Institute Of Military Technology, #Wearable Technology Doctors, #What Is Assitive Technology Elmo, #What Isnexus Technology, #What Technology Creates Autopsy, #Women Email Newsletters Technology, #World Wide Technology Mumbai

THE WOODLANDS, Texas, April 12, 2022 /PRNewswire/ — Intellect Technological know-how, Inc. (NASDAQ: Thoughts) (“Head” or “the Organization”) nowadays declared that in current weeks it has obtained orders totaling about $7.3 million, and these orders are expected to be sent afterwards in this fiscal year. These orders stem from its Seamap and Klein Marine Units models which have piqued curiosity in latest months as the two the vitality industry’s pricing natural environment has improved and the geopolitical and safety scenario around the world continues to evolve.

The Company’s Seamap device been given an order totaling close to $4.8 million from HJ Shipbuilding & Development to give its GunLink 4000 resource controller process, BuoyLink 4DX GNSS positioning process, air gun arrays and tail buoys for a new make seismic analysis vessel. The multi-streamer, multi-goal vessel is becoming constructed for the Korean Institute of Geoscience and Mineral Means.

MIND’s Klein Marine Techniques device has also recently viewed elevated curiosity in multi-beam sonar programs, particularly the Klein 5000 and Klein 5900 techniques, which has resulted in orders totaling about $2.5 million. These techniques supply higher-resolution pictures and enable for acquisition of data at high survey speeds. Hence, these are properly suited for mine counter measure missions and fill essential requires for the United States and its allies. Additionally, the Organization has responded to requests for quotes for supplemental units, totaling somewhere around $3.5 million. In some conditions, the orders involve built-in launch and restoration devices.

Rob Capps, Brain President and CEO, commented, “We are inspired by the recent action throughout our Seamap and Klein Maritime Systems units. As the macroeconomic surroundings that surrounds our organizations proceeds to strengthen, we are viewing more strong fascination and purchaser optimism which has resulted in the orders and estimate requests that we have acquired to date. As we appear forward to the remainder of our fiscal yr, we believe that there are prospects to even further drive demand from customers advancement for our Marine Technological innovation Products, and we remain optimistic about the long term.”

About Intellect Know-how

Brain Technologies, Inc. provides technologies to the oceanographic, hydrographic, defense, seismic and stability industries. Headquartered in The Woodlands, Texas, Thoughts has a world-wide existence with critical operating locations in the United States, Singapore, Malaysia, and the United Kingdom. Its Seamap and Klein units, style, manufacture and sell specialized, higher general performance, maritime sonar and seismic gear.

Ahead-hunting Statements

Specific statements and facts in this press release may well represent “ahead-seeking statements” in the which means of the Private Securities Litigation Reform Act of 1995. All statements contained in this push launch other than statements of historic fact, which include statements concerning our foreseeable future benefits of functions and economic posture, our enterprise approach and ideas, and our targets for potential operations, are ahead-searching statements. The text “feel,” “count on,” “anticipate,” “prepare,” “intend,” “need to,” “would,” “could” or other very similar expressions are intended to detect ahead-on the lookout statements, which are generally not historical in mother nature. These forward-searching statements are dependent on our recent anticipations and beliefs regarding potential developments and their likely influence on us. Although administration thinks that these ahead-seeking statements are realistic as and when designed, there can be no assurance that upcoming developments influencing us will be individuals that we foresee. All feedback concerning our expectations for potential revenues and functioning success are based on our forecasts of our current operations and do not consist of the opportunity effects of any upcoming acquisitions or tendencies. Our ahead-hunting statements include substantial pitfalls and uncertainties (some of which are past our control) and assumptions that could induce true outcomes to vary materially from our historic experience and our current anticipations or projections. These pitfalls and uncertainties involve, with no limitation, reductions in our customers’ money budgets, our possess cash budget, limits on the availability of money or better charges of funds, volatility in commodity selling prices for oil and purely natural gasoline and the extent of disruptions prompted by the COVID-19 pandemic.

For more facts pertaining to acknowledged substance factors that could result in our true effects to vary from our projected benefits, you should see our filings with the SEC, which includes our Once-a-year Report on Kind 10-K, Quarterly Reviews on Variety 10-Q and Existing Reports on Kind 8-K.

Audience are cautioned not to spot undue reliance on forward-seeking statements, which communicate only as of the day hereof. We undertake no obligation to publicly update or revise any forward-seeking statements soon after the date they are made, except necessary by regulation, no matter whether as a result of new information, upcoming situations or usually. All forward-searching statements integrated in this push release are expressly capable in their entirety by the cautionary statements contained or referred to herein.


Rob Capps, President & CEO

Intellect Engineering, Inc.


Ken Dennard / Zach Vaughan

Dennard Lascar Investor Relations


[email protected]

Cision Perspective original written content:https://www.prnewswire.com/news-releases/intellect-technologies-announces-considerable-seamap-and-klein-marine-techniques-device-orders-301523657.html

Source Intellect Technological know-how, Inc.