MIND Technology

What MIND Technology does

MIND Technology, Inc. (NASDAQ: MIND) is a The Woodlands, Texas-based public company that designs, manufactures, sells, and supports marine technology products for the oceanographic, hydrographic, defense, seismic, and security industries. Through its wholly-owned Seamap subsidiaries in the United States, the United Kingdom, Singapore, and Malaysia, MIND delivers a comprehensive suite of marine seismic acquisition and source-control equipment built around the SeaLink data recording platform (up to 3,840 channels at 2mS sampling), the GunLink source-controller family, and the BuoyLink submeter Real-Time Kinematic GPS positioning system. Differentiated technology includes patented PVDF Thin Film Polymer hydrophones, EEPROM-enabled recalibratable hydrophones, and distributed in-water firing-control electronics, all backed by ISO 9001 and ISO 14001 certifications and a 100,000 sq ft Malaysian manufacturing facility.

The company monetizes through direct sale of new marine seismic hardware to global seismic contractors and, increasingly, through a high-margin aftermarket business of repair, refurbishment, training, and 24/7 worldwide support contracts that account for roughly 60% of total revenue. Pricing is quote-based and not publicly disclosed; support contracts are billed per channel after the first year of free ownership. Customers include the majority of the largest global seismic companies, plus defense, renewable energy survey, and carbon-capture site-evaluation end markets. Go-to-market is enterprise field sales supported by global direct offices, with on-site field engineering deployment available dockside or offshore. As of FY2026 (revenue $40.9 million, net income ~$0.75 million) MIND maintained a debt-free balance sheet with $19.1 million in cash and approximately $37 million of working capital, and entered August 2025 with a $25 million at-the-market equity program and a $4 million buyback authorization.

Name

MIND Technology

Legal name

MIND Technology, Inc.

Website

https://mind-technology.com

Company type

Public

Founded year

1987

Operating status

Operating

Headcount range

51–100 employees

Short description

MIND Technology designs, manufactures, and supports marine seismic and source-control systems (SeaLink, GunLink, BuoyLink) and towed-array maritime security technology for global seismic contractors, defense organizations, and offshore survey operators, with a 24/7 worldwide aftermarket service network.

Ownership category

akta.pro rank

Product category

Marine Seismic Equipment

NAICS

Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511)

SIC

Search, Detection, Navagation, Guidance, Aeronautical Sys (3812)

akta.pro primary industry

Marine Sensors, Instrumentation & IoT (Condition Monitoring) (IMAJAJAI)

Keywords

• Marine seismic equipment
• Hydrographic survey systems
• Anti-submarine warfare
• Subsea positioning technology
• Oceanographic instruments

Headquarters

HQ city

The Woodlands

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Marine Technology Products - New Equipment Sales: Sale of marine seismic exploration and survey equipment including SeaLink recording systems, GunLink source controllers, BuoyLink tracking systems, and related components. The company designs, manufactures, and sells these proprietary products globally.
2. Aftermarket Services and Support: Recurring revenue from 24/7 worldwide support, software maintenance contracts, repair services, training, and parts. Aftermarket business has grown to represent approximately 60% of total revenue, providing recurring revenue stability.
3. Streamer Repair and Refurbishment: Repair services for marine seismic exploration equipment at facilities in Malaysia and Texas, serving both Seamap products and other manufacturers' equipment.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

MIND Technology, through its Seamap subsidiary, designs, manufactures and sells proprietary marine seismic acquisition and source control systems — including SeaLink recording systems, GunLink source controllers, BuoyLink GPS tracking systems, and the Sea Serpent towed array for anti-submarine warfare. The company also provides marine streamer repair/refurbishment services and 24/7 worldwide aftermarket support, which accounts for roughly 60% of revenue.

Product overview

MIND Technology is a leading provider of marine technology solutions for the oceanographic, hydrographic, defense, seismic, and security industries. The company's product portfolio centers around its Seamap subsidiary (established 1987), which designs, manufactures, and supports a comprehensive range of marine seismic and survey products. The core offerings include the SeaLink data acquisition and recording systems (SeaLink 3840 Recording System and Portable variant), GunLink source control systems (4000, 2500, 2000), and BuoyLink GPS tracking systems. These integrate with supporting products including SeaLink digital and tension modules, hydrophones, Sleeve Guns, Integrated Tailbuoys, and the Ampair underwater generator. The company serves marine exploration, construction survey, renewable energy survey, and maritime security (Anti-Submarine Warfare) applications with 24/7 worldwide support.

Differentiator

Problem solved

Functional benefit

Brands

• Seamap: Marine seismic exploration systems offering an extensive range of products including SeaLink, GunLink, and BuoyLink product lines for seismic, survey and offshore industry applications
• Sea Serpent

Products and services

• SeaLink 3840 Recording System Marine seismic data acquisition and recording system designed for real-time 2D, 3D, High Resolution, and Ultra High Resolution data recording onboard seismic vessels; supports up to 3,840 channels at 2mS sample rate per array. Used by marine seismic survey contractors.
• SeaLink 3840 Portable Recording System Portable marine seismic recording system managing up to 4 arrays per workstation with channel counts from 24 to 240 channels per streamer; designed for flexible deployment on smaller seismic vessels.
• SeaLink Solid Streamer Active seismic streamer sections with patented PVDF Thin Film Polymer hydrophones for flow noise reduction and improved signal-to-noise ratio; available in lengths up to 15km for marine seismic surveys.
• GunLink 4000 Source Controller Fully distributed hydrophone monitoring and gun control system providing in-water firing control and sensor timing monitoring of up to 256 standard guns (128 GI guns) with data from up to 512 near field phones.
• GunLink 2500 Source Controller Semi-distributed source controller system that adds digitized sensor data over existing umbilicals including hydrophone, depth transducer, and pressure transducer readings; upgrade option for GunLink 2000.
• GunLink 2000 Source Controller On-board gun controller and hydrophone acquisition system expandable to control up to 256 guns and acquire data from up to 512 Near Field Hydrophones with 24-bit resolution at 0.1mS sampling.
• BuoyLink 4DX RGPS Tracking System Real-Time Kinematic GPS positioning system with submeter accuracy for Gunfloats and Tailbuoys; uses bi-directional RF and Hardwire telemetry with optional Integrated Inertial Measurement (IMU) for 3D and 4D seismic survey navigation.
• Seamap Sleeve Gun Field-proven air gun with single 360-degree port design producing a predictable spherical bubble for reliable and repeatable interaction with adjacent guns; available in IC and IIC series for marine seismic source arrays.
• Sea Serpent Towed Array ASW System Anti-Submarine Warfare (ASW) towed array solution leveraging field-proven solid seismic streamer technology with AI and Deep Learning processing, broadband/narrowband/LOFAR/DEMON processing, passive tracking and Target Motion Analysis for naval and maritime security applications.
• Ampair UW100 Underwater Generator 100W underwater turbine generator for charging batteries on marine seismic towed equipment at 8 knots tow speed; manufacturing rights acquired from Ampair UK in February 2015.
• Aftermarket Support and Services Recurring aftermarket business providing 24/7 worldwide technical support, software maintenance contracts, repair services, training, and replacement parts for marine seismic equipment; represents approximately 60% of total revenue.
• Streamer Repair and Refurbishment Services Marine seismic streamer and source equipment repair and refurbishment services provided at facilities in Malaysia (100,000 sq ft) and Huntsville, Texas (30,000 sq ft); serves both Seamap products and other manufacturers' equipment.

Quantifiable outcome

• 46% gross margin on marine product revenue in fiscal 2026
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Sercel: Sercel, a CGG subsidiary, is the world's leading supplier of marine seismic acquisition equipment (SeaRay, Sentinel, Nautilus streamers) and source controllers. It is the closest direct competitor to MIND's SeaLink and GunLink product families, serving the same seismic contractor customer base with overlapping technology.
• iXblue (Exail): Exail (formerly iXblue) manufactures acoustic positioning, inertial navigation, and subsea sensing systems used in marine surveys and defense. It competes with MIND's BuoyLink RGPS positioning product and shares customers in hydrographic and oceanographic survey markets.
• Sonardyne: Sonardyne is a UK-based specialist in underwater acoustic positioning, inertial navigation, and sonar systems for survey, offshore, and defense applications. It is directly comparable to MIND in marine acoustic instrumentation and shares a similar customer base of survey contractors and naval end-users.
• EdgeTech: EdgeTech designs and manufactures sub-bottom profilers, side scan sonar, and combined acoustic systems used in marine geophysical and hydrographic surveys. It addresses the same survey customer segment as MIND with overlapping high-resolution subsurface imaging use cases.

Broad incumbents

• Kongsberg Maritime: Kongsberg Maritime is a large established supplier of marine navigation, sonar, positioning, and automation systems across commercial shipping, offshore energy, and naval markets. It overlaps with MIND in positioning and hydroacoustic instrumentation but as part of a much broader marine technology portfolio.
• Teledyne Marine: Teledyne Marine is a diversified manufacturer of marine imaging, instrumentation, and interconnect products serving survey, defense, and ocean science markets. It overlaps with MIND's hydrophones, transducers, and sonar subsystems but as a broad incumbent with many other product lines.
• WesternGeco (SLB): WesternGeco, part of SLB (formerly Schlumberger), is a major seismic acquisition services provider that also develops proprietary marine seismic equipment. It is both a potential competitor (Vertically integrated acquisition with proprietary gear) and a large customer of MIND-grade equipment providers.
• Furuno Electric: Furuno is a Japanese manufacturer of marine electronics including sonar, fish-finding, navigation, and communication equipment. While its core focus is commercial fishing and shipping electronics, certain Furuno products overlap with marine acoustic and positioning use cases addressed by MIND's Seamap products.
• Ultra Electronics: Ultra Electronics (now part of Cobham) supplies sonar systems, acoustic signal processing, and anti-submarine warfare technology to naval and defense customers globally. It represents a defense-adjacent incumbent competing in the same ASW towed-array space MIND is pursuing with its Sea Serpent capability.

Emerging players

• NORBIT: NORBIT is a Norwegian technology company offering compact multibeam sonars, sub-bottom profilers, and marine sensing products. It targets similar hydrographic and offshore survey customers with smaller, often vehicle-mounted form factors compared to MIND's large towed streamer systems.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/MindTechInc
• YouTubeyoutube.com/channel/UCqdN5nC1casvFOvJSTgHjlw
• Facebookfacebook.com/MindTech.Inc
• LinkedInlinkedin.com/company/mindtechinc
• Instagraminstagram.com/mindtech_inc

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MIND Technology