Geospace Technologies Reports First Quarter 2018 Results and Conference Call Schedule

HOUSTON–(BUSINESS WIRE)–Geospace Technologies (NASDAQ: GEOS) today announced that it will
release first quarter 2018 financial results on Tuesday, February 6,
2017 after the market closes. In conjunction with the release, Geospace
has scheduled a conference call for Wednesday, February 7, 2018 at 10:00
a.m. Eastern Time (9:00 a.m. Central).

For those who cannot listen to the live call, a replay will be available
for approximately 60 days and may be accessed through the Investor
Relations tab of our website: www.geospace.com.

Geospace Technologies Corporation designs and manufactures instruments
and equipment used by the oil and gas industry to acquire seismic data
in order to locate, characterize and monitor hydrocarbon producing
reservoirs. The company also designs and manufactures non-seismic
products, including industrial products, offshore cables and imaging
equipment.

This press release includes “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. All
statements other than statements of historical fact included herein
including statements regarding potential future products and markets,
our potential future revenues, future financial position, business
strategy, future expectations and other plans and objectives for future
operations, are forward-looking statements. We believe our
forward-looking statements are reasonable. However, they are based on
certain assumptions about our industry and our business that may in the
future prove to be inaccurate. Important factors that could cause actual
results to differ materially from our expectations include the level of
seismic exploration worldwide, which is influenced primarily by
prevailing prices for oil and gas, the extent to which our new products
are accepted in the market, the availability of competitive products
that may be more technologically advanced or otherwise preferable to our
products, tensions in the Middle East and other factors disclosed under
the heading “Risk Factors” and elsewhere in our most recent Annual
Report on Form 10-K and Quarterly Report on Form 10-Q, which are on file
with the Securities and Exchange Commission. Further, all written and
verbal forward-looking statements attributable to us or persons acting
on our behalf are expressly qualified in their entirety by such factors.
We assume no obligation to revise or update any forward-looking
statement, whether written or oral, that we may make from time to time,
whether as a result of new information, future developments or otherwise.

Contacts

Geospace Technologies
Rick Wheeler, 713-986-4444
President &
Chief Executive Officer