Thread regarding NEOS GeoSolutions layoffs

Project award

Another airborne multiphysics project awarded to Cgg today. One of several they awarded since neos backed away from acquiring them do to lack of monies. Proofs that airborne and multiphysics markets still alive, just nots for neos.

At leest web sites works again. Must have solds some more furnitures to pay the web hosts. Go neos

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| 1471 views | | 3 replies (last October 28, 2017) | Reply
Post ID: @OP+PXo3GFd

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At least cgg is issuing press releases. No releases on neos web site - symbol of a near death company. And neos saying its upcoming events as eage and urtec both of which has passed. Would loves to see any news on neos

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Post ID: @1zun+PXo3GFd

Good point! Neos given the right to proceed in Cyprus in 2015 and not a megabyte of data acquired to date. And what about that USA east coast survey neos bought the rights to? I think those expired. Not too suprising given that neos only has one guy in sales

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Post ID: @1siz+PXo3GFd

Just to be clear, despite cgg's positive-sounding press release, they were not actually awarded a project. It was just approval to proceed with a multi-client survey - they still have to pre-sell it to clients. Big difference. It may never actually turn into a project.

Oh, and cgg is currently in bankruptcy protection, so they are having their own difficulties.

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Post ID: @kzn+PXo3GFd

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