ION Geophysical Corporation (NYSE:IO) Files An 8-K Other Events

On August 30, 2019, ION Geophysical Corporation (the “Company”) issued the attached press release announcing that the United States District Court for the Southern District of Texas ruled in favor of the Company by refusing WesternGeco’s request to reinstate a $100 million lost profits award against the Company, and instead ordering a new trial to determine what lost profits, if any, WesternGeco is entitled to from surveys performed by the Company’s customers outside of the United States.

Item 9.01 Financial Statements and Exhibits

ION GEOPHYSICAL CORP Exhibit
EX-99.1 2 exhibit991dcsideswithion.htm EXHIBIT 99.1 Exhibit Exhibit 99.1District Court sides with ION,…
To view the full exhibit click here

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.