ION awarded five-year contract with Brunei Shell Petroleum for a digital solution to manage Marine Logistics

HOUSTON, April 20, 2022 (GLOBE NEWSWIRE) — ION Geophysical Company (NYSE: IO) introduced immediately that it has been awarded a five-year contract by Brunei Shell Petroleum Co. (BSP), a three way partnership between the Authorities of Brunei and Shell, for a digital answer to handle Marine Logistics. The answer will likely be delivered using the Marlin^TM software program suite and can embrace vessel monitoring, berth administration, and visible reporting instruments for materials provide workflows. The answer will digitize quite a lot of guide processes and also will interface with current instruments, enhancing BSP’s capability to make knowledgeable selections while managing its fleet of greater than 70 vessels servicing over 200 offshore buildings.

Processes corresponding to planning, scheduling, routing, monitoring of arrivals and departures, and automating port calls, operate with a number of guide processes and methods throughout numerous of the marine logistics groups, demonstrating how highly effective digitizing and streamlining the workflows are. By the power to share and visualize data for your entire working space in a single system throughout groups, QHSE and operational efficiencies are improved, which may result in reductions in gasoline consumption, emissions, and BSP’s general carbon footprint.

“We’re thrilled to have the ability to embark on this journey with BSP, to see them grow to be a pacesetter in digital integration of Exploration and Manufacturing Marine Logistics,” stated Stuart Darling, Senior Vice President of ION’s Software program group. “With each engagement, our objective is to show glorious service high quality; we’re delighted that our answer was chosen as a part of a aggressive tender course of. By working intently with BSP over the subsequent 5 years, we intend to leverage Marlin’s sturdy, cloud-based infrastructure, to digitize as many workflows as doable to make sure BSP reaps most worth from their funding.”

About ION
Leveraging revolutionary applied sciences, ION delivers highly effective data-driven decision-making to offshore power and maritime operations markets, enabling shoppers to optimize investments and outcomes by means of entry to our knowledge, software program, and distinctive analytics. Be taught extra at iongeo.com.

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The data herein comprises sure forward-looking statements throughout the which means of Part 27A of the Securities Act of 1933 and Part 21E of the Securities Change Act of 1934. These forward-looking statements might embrace data and different statements that aren’t of historic reality. Precise outcomes might fluctuate materially from these described in these forward-looking statements. All forward-looking statements mirror quite a few assumptions and contain quite a lot of dangers and uncertainties. These dangers and uncertainties embrace the dangers related to the timing and improvement of ION Geophysical Company’s services; pricing stress; decreased demand; adjustments in oil costs; agreements made or adhered to by members of OPEC and different oil producing international locations to take care of manufacturing ranges; the COVID-19 pandemic; the last word advantages of our accomplished restructuring transactions; political, execution, regulatory, and forex dangers; the result or adjustments, if any, of our consideration of assorted strategic alternate options; and the affect to our liquidity within the present unsure macroeconomic surroundings, together with the struggle in Ukraine. For extra data concerning these numerous dangers and uncertainties, see our Kind 10-Okay for the 12 months ended December 31, 2020, filed on February 12, 2021, and our Kinds 10-Q for the quarters ended March 31, 2021, June 30, 2021, and September 30, 2021, filed on Could 6, 2021, August 12, 2021, and November 3, 2021, respectively. Further threat components, which may have an effect on precise outcomes, are disclosed by the Firm in its filings with the Securities and Change Fee (SEC), together with its Kind 10-Okay, Kind 10-Qs and Kind 8-Ks filed in the course of the 12 months. The Firm expressly disclaims any obligation to revise or replace any forward-looking statements.

CONTACT: Contacts ION (Investor Relations) Govt Vice President and Chief Monetary Officer Mike Morrison, +1 281.933.3339 mike.morrison@iongeo.com Vice President, Investor Relations Sharon Wang-Stockton, +1 281.933.3339 sharon.wang-stockton@iongeo.com