ION Geophysical Corporation (NYSE:IO) Files An 8-K Other Events
Item 8.01. Other Events.
previously-reported lawsuit of WesternGeco L.L.C. v. ION
Geophysical Corporation>confirming its bench order awarding
enhanced damages of $5 million to WesternGeco. The trial court
also granted the motion of the sureties and ordered the surety
bond be discharged and released.
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Exhibit Number
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Description
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99.1
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Press release dated May 18, 2017
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About ION Geophysical Corporation (NYSE:IO)
ION Geophysical Corporation is a technology focused company that provides geophysical technology, services and solutions to the global oil and gas industry. The Company offers services and products through four segments: Solutions, Systems, Software and Ocean Bottom Services (OBS). The Company’s Solutions segment provides over two service activities: Ventures group and Imaging Services group. The Company’s Systems segment’s products include Marine Acquisition Systems, Marine Positioning Systems and Geophones. The Company’s Software segment provides command and control software systems, related software and services for towed marine streamer, and seabed operations, as well as survey design. The Company, through OceanGeo B.V., offers an integrated OBS solution, which includes expert survey design, planning and optimization, superior data captured using multicomponent acquisition systems available to OceanGeo; data acquisition, and data processing, interpretation and reservoir services. ION Geophysical Corporation (NYSE:IO) Recent Trading Information
ION Geophysical Corporation (NYSE:IO) closed its last trading session down -0.25 at 4.35 with 35,952 shares trading hands.
