Geospace Technologies Corporation announced the acquisition of Heartbeat Detector®, a security technology developed by Oak Ridge National Laboratory (ORNL). Effective July 31, 2025, Geospace acquired all outstanding shares from GeoVox Security, Inc., which initially licensed the technology from ORNL. The Heartbeat Detector® utilizes a proprietary algorithm to detect individuals hiding in vehicles at security checkpoints. This acquisition aligns with Geospace's strategic growth plan and aims to enhance its perimeter security offerings. The technology will be offered on a subscription basis to streamline acquisition and foster recurring revenue.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.