John Elliott's questions to Geospace Technologies Corp (GEOS) leadership • Q1 2025
Question
Investor John Elliott asked if the Aquana product could benefit from the new administration's border security focus, if there were discussions to deploy Quantum technology on the Canadian border, and about any new developments with Permanent Reservoir Monitoring (PRM), including the likelihood of a 2025 tender.
Answer
Richard Kelley, CEO and President, expressed optimism about border security opportunities for Aquana but stated the company is waiting for federal fund allocation. He confirmed internal discussions about deploying the technology to other international borders but nothing specific for Canada. Regarding PRM, he noted that while some international reservoirs are suitable, competition from ocean bottom nodes is significant, and there are no pressing opportunities. He could not confirm a 2025 tender, stating it depends on energy market dynamics.