Bellaire, TX – According to filings with the U.S. Securities and Exchange Commission, Geophysical Technology is raising $3,000,000.00 in new funding. Sources indicate as part of senior management President and Chief Executive Officer, Richard Degner played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Geophysical Technology

GTI is comprised of a management team, board members, technical advisory board members, and shareholders who have extensive experience in the geophysical contracting industry and extensive relationship capital in the global oil & gas and oil field service industries. GTI’s management personnel have worked in operating, technical support, technical development, and general administrative support positions for leading geophysical service providers across the globe. GTI management has a deep understanding of what seismic contractors and their clients desire in terms of project operating performance, customer service, technical standard, and commercial arrangements. Our Mission is to design, manufacture, sell, and support differentiated geophysical technology that enhances the operating efficiency, cost effectiveness, and technical capability for illuminating and monitoring the earth’s subsurface, thus improving the process of hydrocarbon or other resource extraction, or of substance sequestration.

To learn more about Geophysical Technology, visit http://www.geophysicaltechnology.com/

Contact:
Richard Degner, President and Chief Executive Officer
713-893-5655
richard.degner@geophysicaltechnology.com
https://www.linkedin.com/in/richard-degner-6503b17a/

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