Benzinga | Dec 13, 2021 04:17PM EST

MIND Technology Reports Coop R&D Deal With US Navy, No Terms Disclosed

MIND Technology, Inc. (NASDAQ:MIND) ("MIND" or the "Company") is pleased to announce today that it has entered into a Cooperative Research and Development Agreement ("CRADA") with the United States Navy's Naval Surface Warfare Center, Panama City Division (NSWC PCD).

The CRADA, titled, "Advanced Mine Finding," will allow scientists and engineers from MIND and the US Navy to collaborate on optimizing the next generation of mine-hunting sonar systems to ensure that they fit the needs of the warfighter.

Commenting on the agreement, MIND's Chief Technology Officer, Andy Meecham, stated, "Through our subsidiary, Klein Marine Systems, MIND has a long history of supporting the US Navy. I'm thrilled that this CRADA will allow us to leverage the expertise of the scientists and engineers at NSWC PCD to provide innovative solutions to the warfighter, now and into the future. This agreement demonstrates our corporate focus on innovation and new technology, which has delivered game-changing capabilities such as our unique full-swath MA-X(tm) sonars, will continue to define the gold standard in underwater sensing."