Benzinga | Jul 19, 2021 09:11AM EDT

MIND Technology Scoops $4.1M Worth Orders For Seamap Division

* MIND Technology, Inc's (NASDAQ:MIND) Seamap unit won new orders totaling $4.1 million for source controller and GNSS positioning systems.

* Deliveries of the related products will likely occur in the Q3 and Q4 of the current fiscal year.

* MIND added the orders to its backlog as demand in the marine exploration market remained buoyant, particularly for its marine source controller systems, MIND Co-CEO Guy Malden said.

* Price action: MIND shares traded higher by 5.15% at $2.04 in the premarket session on the last check Monday.