Input/Output acquires Colorado firm

July 24, 2002 — Input/Output Inc. said the acquisition of a Colorado-based seismic data service company will boost plans to sell its new MEMS-based product for oil and gas exploration, production and reservoir monitoring, according to a news release.

Input/Output said it bought AXIS Geophysics Inc., which provides specialized data processing and integration services to exploration and production firms. AXIS will combine with Green Mountain Geophysics, a Colorado-based Input/Output unit focused on seismic acquisition planning.

Input/Output said its VectorSeis technology uses a MEMS accelerometer to provide seismic images superior to current methods.

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