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MIND Technology Expands Huntsville Facility

1. MIND announced expansion of its Huntsville manufacturing facility. 2. Expansion aims to support increased manufacturing and repair activity. 3. New projects will enhance MIND's Seamap products and services. 4. CEO highlights growth opportunities from the facility enhancements. 5. MIND operates globally, catering to various high-tech industries.

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Why Bullish?

The expansion indicates an increase in production capacity, likely boosting revenues. Similar expansions in tech sectors often lead to positive stock movements due to projected future growth, as seen in companies like Garmin after upgrading their facilities.

How important is it?

The expansion is a significant development that can lead to future revenue increases, making it a critical factor for investors and analysts. Given the potential for new contracts and product lines, the impact on MIND's stock is likely positive.

Why Long Term?

The capacity expansion suggests sustained operational improvements, impacting the company positively over a longer period. Historically, companies investing in infrastructure see prolonged benefits, aligning with strategic growth plans.

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, /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND) announced today that it has completed an expansion of its manufacturing and repair facility in Huntsville, Texas.  The expansion is intended to facilitate anticipated higher levels of activity at this facility. Rob Capps, President and CEO of MIND, stated, "We are excited about the expansion of our Huntsville facility and the opportunities it presents us. The additional floor space and other enhancements will allow our MIND Maritime Acoustics, LLC unit to efficiently take on significantly larger manufacturing and product repair projects.  We expect this increased activity will be in support of our existing Seamap products, newly developed products and services to third parties." About MIND Technology MIND Technology, Inc. provides technology to the oceanographic, hydrographic, defense, seismic and security industries.  Headquartered in The Woodlands, Texas, MIND has a global presence with key operating locations in the United States, Singapore, Malaysia, and the United Kingdom.  Its Seamap unit designs, manufactures and sells specialized, high performance, marine exploration and survey equipment.  Forward-looking Statements Certain statements and information in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact, including statements regarding our future results of operations and financial position, our business strategy and plans, our objectives for future operations, future orders and anticipated delivery of existing orders, and future payments of dividends are forward-looking statements.  The words "believe," "expect," "anticipate," "plan," "intend," "should," "would," "could" or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature.  These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us.  While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate.  All comments concerning our expectations for future revenues and operating results are based on our forecasts of our existing operations and do not include the potential impact of any future acquisitions or dispositions.  Our forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. These risks and uncertainties include, without limitation, reductions in our customers' capital budgets, our own capital budget, limitations on the availability of capital or higher costs of capital, volatility in commodity prices for oil and natural gas. For additional information regarding known material factors that could cause our actual results to differ from our projected results, please see our filings with the SEC, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof.  We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, unless required by law, whether as a result of new information, future events or otherwise. All forward-looking statements included in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to herein. Contacts:       Rob Capps, President & CEO MIND Technology, Inc. 281-353-4475 Ken Dennard / Zach Vaughan Dennard Lascar Investor Relations 713-529-6600 [email protected] SOURCE MIND Technology, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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