“It comes at a time where we have both right sized our business and built sufficient liquidity of approximately
“This seven-year-old lawsuit has been a hangover to ION’s shareholders far too long and we are looking forward to putting the potential risk of this payment behind us so we can focus on running our business and creating shareholder value through a very difficult time in the industry. The relationship between ION and WesternGeco has never been stronger as we both collaborate on projects and support them as a customer of ION. The value of this relationship far diminishes the
ION is a leading provider of technology-driven solutions to the global oil & gas industry. ION’s offerings are designed to help companies reduce risk and optimize assets throughout the E&P lifecycle. For more information, visit iongeo.com.
The information included herein contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include statements concerning future activities and the ultimate outcome of litigation, which is inherently unpredictable. Actual results may vary materially from those described in these forward-looking statements. All forward-looking statements reflect numerous assumptions and involve a number of risks and uncertainties. Risk factors, which could affect actual results, are disclosed by the Company from time to time in its filings with the
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