Home » News » GeoSpectrum Technologies Announces Expansion and Continuous Growth
Published: juin 9, 2022
GeoSpectrum Technologies Inc. (GeoSpectrum) is proud to announce their company expansion to over 62,000 square feet of manufacturing and engineering space, while increasing their staff to over 150 employees.
The company’s expansion is a testament to the strength of the ocean technology sector in the province. GeoSpectrum is part of the “More than half of Canada’s $30-billion ocean economy and 350,000 jobs…anchored in Atlantic Canada,” as stated by Darren Fisher, Parliamentary Secretary to the Minister of Health and Member of Parliament for Dartmouth-Cole Harbour.
As a result of their most recent growth, GeoSpectrum has increased their contributions to the local economy by supporting Canadian suppliers, working with industry partners, and fostering relationships with a number of Nova Scotia’s post-secondary institutes. Since 2020, 76 co-op students have been placed with GeoSpectrum, 10 of which have secured full time employment in a variety of departments including mechanical and electrical engineering.
Despite the challenges faced during the COVID-19 pandemic, GeoSpectrum has maintained their position as a leading provider of underwater sonar systems and acoustic subsystems.
With multiple international defence contracts secured, the company is set to deliver 5 Hull Mounted Sonars and 8 Variable Depth Sonars over the next 12 months. In addition to these contracts, there has been a surge of interest in GeoSpectrum’s Acoustic Targets, Acoustic Ranges, Low-Frequency Sound Systems, and other products related to Maritime Security.
Paul Yeatman, President of GeoSpectrum commented: “GeoSpectrum’s expansion was necessary to handle the sheer volume of sales we’ve seen from the global market. This growth is a direct result of the hard work our team has put into ensuring our customers are provided with the highest quality of products and systems, coupled by support from all levels of government to help us get the permits we required to make the sales. We’re extremely pleased to be positioning ourselves amongst other great companies within our local industry, and are looking forward to future opportunities.”
About GeoSpectrum Technologies Inc.
GeoSpectrum Technologies is a highly innovative and technical supplier of underwater acoustic transducers and systems. With in-house design and manufacturing capabilities, the company provides a wide range of products from small hydrophone components to multi-million-dollar sonar systems. GeoSpectrum’s main clients are in the defence industry, marine seismic industry and scientific research community. As an ISO Certified company, GeoSpectrum’s core values are embedded in their work. They provide reliable, consistent solutions that go above and beyond the requirements of their customers.