Houston, Texas - 20 July 2010 - Dr. Tom Smith, founder of Seismic
Micro-Technology (SMT), announced today the launch of his new company,
Geophysical Insights. The company tackles fundamental geophysical
problems and develops advanced technology for interpretation of seismic
data. The advanced analytic methods being developed by the company are
expected to reduce the time and risk associated with oil & gas
exploration. Leveraging their new technology, Geophysical Insights will
provide consulting services and training to their clients in its
The company's initial research and development focuses on the use of
neural networks as a means of rapidly revealing insights to seismic data
in ways that may otherwise be missed with conventional methods. "A
major step-change in interpretation technology is required to analyze
the vast quantity of seismic data that is now available", says Dr.
Smith. "We are on the forefront of advancing the industry's analytic
capabilities, initially through the practical application of neural
networks." Seismic service companies, exploration and production
companies, and investors in oil and gas properties are all potential
clients of Geophysical Insights.
Prior to launching Geophysical Insights, Dr. Smith led the growth of SMT
to an international seismic and geologic interpretation software
business. In 2007 he led recapitalization of the company to a group of
investors, while maintaining a minority investment and position on the
Board of Directors of SMT. Geophysical Insights will present some of
their technology at the upcoming Houston Geological Society's Technofest
Conference at the Westin Galleria on 22 July. Software demonstrations
and materials will be available at the company's booth (#23).
About Geophysical Insights
Geophysical Insights (www.geoinsights.com <http://www.geoinsights.com/>
) develops and applies advanced analytic technology for seismic
interpretation to reduce the risk and time associated with oil & gas
exploration. Offering consulting services and training, the company
applies their analytic developments to the benefit of any energy-related
companies who seek deeper insights into the results of seismic surveys.