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MIND Technology Successfully Demonstrates Sea Serpent Low-Cost Anti-Submarine Warfare System

woodlands, texas, September 27, 2022 /PRNewswire/ — MIND Technology, Inc. (“MIND” or the “Company”) (Nasdaq: MIND) today announced the successful completion of a demonstration of its Sea Serpent low-cost anti-submarine warfare system. US Navy Coastal Trident 2022 exercise. In a demonstration, the system was deployed from an unmanned surface vehicle (USV) and successfully performed an autonomous mission detecting realistic underwater targets.

Sea Serpent is based on MIND’s commercially developed SeaLink seismic streamer technology, which is used for seismic research worldwide. The Sea Serpent can be used for port security, maritime domain awareness, or ASW (anti-submarine warfare) and is a cost-effective, high-performance, low-power, robust, and scalable device that can be easily customized for individual purposes. We provide solutions. User requirements. The system also provides rapidly deployable subsea intelligence, surveillance and reconnaissance capabilities from a fully autonomous platform.

Rob CappsMIND’s President and CEO said: The primary goal of this experiment was to demonstrate that Sea Serpent is a viable ASW product that can be deployed quickly, easily, and reliably from a small USV. We will continue to improve the system, which we believe will be of great benefit to the U.S. and other allied navies in the future. ”

About Mind Technology

MIND Technology, Inc. provides technology to the oceanographic, hydrographic, defense, seismic and security industries.Head office location woodlands, texasMIND has a global presence with major business locations. usa, Singapore, Malaysiaand the EnglandIts Seamap and Klein unit designs, manufactures and markets specialized high performance marine sonar and seismic equipment.

Forward-Looking Statements

Certain statements and information in this press release are Forward-Looking Statements Within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact. This includes statements regarding our future operating results and financial position, business strategies and plans, and future business objectives. , the expected delivery of future and existing orders, and future dividend payments are forward-looking statements. words believe,” “Predict,” “Predict,” “schedule,” “intended to” “should do it,” “right,” “can or other similar language is intended to identify forward-looking statements that are generally not historical in nature. These forward-looking statements are based on our current expectations and beliefs regarding future developments and their potential impact. Although management believes these forward-looking statements are reasonable at the time they are made, there can be no assurance that future developments affecting us will be as we expect. All comments regarding our forecasts for future earnings and performance are based on expectations of our existing business and do not include the potential impact of any future acquisition or disposal. Our forward-looking statements involve significant risks and uncertainties, some of which are beyond our control, that could cause actual results to differ materially from our past experience and current expectations or projections. It contains assumptions that may beThese risks and uncertainties include, but are not limited to, loss of customers capital budgets, our own capital budgets, limits on available capital or rising costs of capital, volatility in oil and gas commodity prices, and the degree of disruption caused by the COVID-19 outbreak.

For additional information regarding known significant factors that could cause actual results to differ from projected results, please see the SEC’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Forms. Please refer to the documents submitted to 8-K.

Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements after the date they were made, as a result of new information, future events or otherwise, except as required by law. All forward-looking statements contained in this press release are qualified in full and expressly by the cautionary statements contained or referenced herein.

contact address:

Rob Capps, President and CEO
Mind Technology Co., Ltd.
281-353-4475


Ken Dennard / Zach Vaughan
Dennard Lasker Investor Relations
713-529-6600
[email protected]

SOURCE Mind Technology Co., Ltd.

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