MIND Technology Sells Klein Marine Systems to General Oceans

(24/7 MARKET NEWS) – MIND Technology, Inc. (NASDAQ:MIND) stated, this morning, that it sold its Klein Marine Systems unit for $11.5 million to General Oceans, Inc., a subsidiary of General Oceans AS, and licensed its Spectral Ai software suite to General Oceans for certain applications, particularly side-scan sonar. MIND and General Oceans have also entered into a Collaboration Agreement for the further development of Spectral Ai and potentially other software projects.

MIND Technology is trading at $0.67, up $0.07 (+13.08%), on 190.89K premarket shares traded.

Its 52-week range is $0.37 to $0.89. Its next key resistance points are 70-cents, 57-cents and this morning’s premarket high of $0.771.

24/7 MARKET NEWS, INC Disclaimer

24/7 MARKET NEWS (“24/7 MN”) is dedicated to covering various underreported segments of the stock markets. Our goal is to help you to better understand these markets, but 24/7 MN is neither an investment advisor nor a financial advisor, and no information provided here is to be interpreted as a suggestion to buy or sell stocks or other investment products. All opinions, news, research, analysis, prices or other information contained on 247marketnews.com, its press releases, or other services are provided for educational purposes only and do not constitute investment advice. You are solely responsible for the investment decisions you make.

Please go to www.247marketnews.com or https://www.247marketnews.com/terms-disclaimer/ for further information.

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.