MIND Technology ($MIND@US) rose more than 37% to $1.88 in premarket today. The company entered into a Cooperative Research and Development Agreement with the U.S. Naval Surface Warfare Center, Panama Division. The Advanced Mine Finding agreement will allow scientists and engineers to optimize the next generation of mine-hunting sonar systems to fit the needs of warfare. MIND Technology provides technology to the oceanographic, defense, seismic, and security industries. Headquartered in Woodlands, Texas, MINE has a global presence with key operating locations in the United States, Singapore, Malaysia, and the United Kingdom. It designs, manufactures, and sells high-performance, marine sonar, and seismic equipment.
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