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Calgary, Canada. November 12, 2019. Dynamic Technologies announced today the sale of 5,000 SmartSolo IGU-16 nodes to Mitcham Industries and the extension of the Equipment Lease Agreement with Mitcham,

Gary Wu, Managing Director of DTCC, said: “We are pleased Mitcham Industries made the choice to add an additional 5,000 channels of SmartSolo to their portfolio. The purchase brings Mitcham’s inventory of SmartSolo to 25,000 channels, clearly indicating the demand for the most proven, efficient and reliable nodal acquisition system on the market. It is with great delight to see our partnership with Mitcham strengthen as the industry makes a clear choice for SmartSolo”

Dean Dennison, Vice President of Leasing Operations for Mitcham Industries, said: “Although the industry has been slow to rebound, we have seen a clear movement towards high-density surveys, single point receivers and “all in one” land-based nodes. The SmartSolo nodal system addresses these changing requirements in an efficient and cost-effective manner. By adding additional channels to our inventory and extending our partnership with DTCC, we believe Mitcham is well-positioned to meet the needs of the land seismic industry.”

About DTCC: Dynamic Technologies (DTCC) is headquartered in Calgary, Canada and has multiple R&D, Manufacturing and sales/support facilities in Canada, China and USA etc. DTCC is a world leading manufacturer of seismic sensors. DT-SOLO series high sensitivity geophones are recognized by the industry as the most reliable high- sensitivity seismic sensors. DTCC’s new product SmartSolo® – World’s First Smart Seismic Sensor defined a new category of seismic acquisition equipment.

About Mitcham Industries: Mitcham Industries, Inc. provides technology to the oceanographic, hydrographic, defense, seismic and security industries. Headquartered in The Woodlands, Texas, Mitcham has a global presence with operating locations in the United States, Canada, Singapore, Malaysia, Hungary, Colombia and the United Kingdom. Mitcham’s worldwide Marine Technology Products segment, which includes its Seamap and Klein Marine Systems units, designs, manufactures and sells specialized, high performance, marine sonar and seismic equipment. Through its Equipment Leasing segment, Mitcham believes it is the largest independent provider of exploration equipment to the seismic industry.

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