Benthos (NASDAQ:BTHS)
Historical Stock Chart
From Jun 2019 to Jun 2024
Benthos, Inc. (NASDAQ: BTHS) announced today that it has
received recent hydrophone and hydrophone component orders totaling
over $400,000. With the inclusion of these orders, year to date fiscal
year 2005 hydrophone product orders have exceeded $6,800,000, a record
for the Company.
A hydrophone is an underwater microphone that is slightly larger
than a AA battery and is used by geophysicists to locate oil and gas
deposits beneath the ocean floor. Thousands of hydrophones are
connected together in large streamer arrays, up to several kilometers
long, that are towed behind survey ships. A sound source is then used
to generate an acoustic wave that penetrates subterranean layers and
reflects back to the hydrophones in the array. The output from the
hydrophone array is processed to produce an image of the subterranean
geology and is used by exploration geophysicists to identify
potentially rich oil fields for future drilling. Benthos' innovative
hydrophone design produces maximum fidelity and sensitivity in deep
water seismic studies, allowing researchers to obtain more accurate
data than earlier generations of hydrophones.
Benthos, Inc., through its Undersea Systems Division, designs,
manufactures, sells and services a variety of oceanographic products
for underwater tasks; and through its TapTone Package Inspection
Systems Division makes systems for testing consumer packages made of
glass, metal or plastic. The common stock of the Company is traded on
the Nasdaq SmallCap market under the symbol "BTHS". For more
information, Benthos can be found on the Internet at www.benthos.com.
Forward Looking Statements
The statements in this news release relating to plans, strategies,
economic performance and trends and other statements that are not
descriptions of historical facts are "forward-looking statements"
within the meaning of the Federal Securities Laws. The Company
believes that such statements are reasonable and are based on the
beliefs of the Company's management as well as assumptions made by and
information currently available to Company management. However, actual
results could differ materially from those currently anticipated due
to a number of factors that include: the timing of large project
orders, competitive factors, shifts in customer demand, government
spending, economic cycles, regulatory changes and other factors. More
information about these factors is contained in the Company's filings
with the Securities and Exchange Commission. Should one or more of
these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results or outcomes may vary
materially from those described herein. The Company does not undertake
and expressly disclaims any obligation to update or alter its
forward-looking statements whether as a result of new information,
future events or otherwise, except as required by law.