A division of Teledyne Technologies Inc. has received a contract to supply seismic source controllers to PGS ASA, a Norwegian marine geophysical company.
Teledyne Marine Seismic, in Houston, will provide the SmartSource system that provides real-time visual evaluation of array performance, accommodates modern array design and features a Solenoid Control Valve Assembly. It is a division of Teledyne Technologies in Thousand Oaks.
PGS is a marine geophysical company providing seismic images and 3D data that describes the subsurface beneath the ocean floor for oil companies looking for oil and gas reserves worldwide.
Teledyne Marine Seismic designs and manufactures instruments to address the needs of the offshore seismic market.
Shares in Teledyne Technologies (TDY) closed Monday up $1.20, or less than half a percent, to $345.67 on the New York Stock Exchange.