06/13/2018 | Press release | Distributed by Public on 06/13/2018 05:09
HOUSTON, June 13, 2018 /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced the 100th deployment of its Marlin offshore operations optimization software. Similar to air traffic control for the marine environment, Marlin supports a step change offshore from traditional manual processes to digital solutions that integrate and share information in real time to enable better, safer decisions. Marlin has helped operators around the world improve their situational awareness and optimize their operational plans. Deployments have spanned autonomous underwater vehicle flights, integrated offshore activities, time-lapse seismic surveys, marine operations in arctic ice, and shore-based marine control centers. ION's world-class cloud-enabled software keeps information continuously updated so teams onshore and offshore can visualize and collaborate using the most accurate, high quality data.
'Reaching this milestone of 100 deployments reinforces the value Marlin is providing for offshore operational efficiency, safety, environmental compliance and total cost of ownership for diverse maritime assets,' said Chris Usher, Executive Vice President of ION's Operations Optimization group. 'Clients are seeking smarter ways to manage their operations. Marlin is able to support customer access to the comprehensive data and predictive analytics they need to make real-time decisions regarding their operations and assets. In some cases, deploying Marlin resulted in millions of dollars of annual operational cost savings. We are now seeing clients move from project deployments to permanent office installations, and starting to look at managing fleet activity. The marine industry is on the cusp of a rapid digital transformation and we are just scratching the surface of Marlin's potential.'
To learn more, visit iongeo.com/Marlin.
ION develops and leverages innovative technologies, creating value through data capture, analysis and optimization to enhance critical decision-making, enabling superior returns. For more information, visit iongeo.com.
ION (Investor relations)
Executive Vice President and Chief Financial OfficerSteve Bate, +1 281.552.3011
ION (Media relations)
Vice President, CommunicationsRachel White, +1 281.781.1168
The information herein contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include information and other statements that are not of historical fact. Actual results may vary materially from those described in these forward-looking statements. All forward-looking statements reflect numerous assumptions and involve a number of risks and uncertainties. These risks and uncertainties include the risks associated with the timing and development of ION Geophysical Corporation's products and services; pricing pressure; decreased demand; changes in oil prices; and political, execution, regulatory, and currency risks. These risks and uncertainties also include risks associated with the WesternGeco litigation and other related proceedings. We cannot predict the outcome of this litigation or the related proceedings. For additional information regarding these various risks and uncertainties, including the WesternGeco litigation, see our Form 10-K for the year ended December 31, 2017, filed on February 8, 2018. Additional risk factors, which could affect actual results, are disclosed by the Company in its fillings with the Securities and Exchange Commission ('SEC'), including its Form 10-K, Form 10-Qs and Form 8-Ks filed during the year. The Company expressly disclaims any obligation to revise or update any forward-looking statements.
SOURCE ION Geophysical Corporation