About

Our involvement with Geophysical & Seismological Instruments starts at the early 2000’s as instrument designers and field support for micro-seismic monitoring companies. We have designed and manufactured several types of seismic monitoring instruments, focusing in low cost, easy of use, very low power consumption and high reliability. Our instruments have been used in hundreds of projects in the most difficult conditions and harsh environments, worldwide, from Papua jungle, and Middle East Desert to Himalayan Mountains and Alaska Icy terrain. We are more than happy that they never had any operational problem or fail. Several thousands of instruments have been deployed worldwide up to now (Oct 2020).

Solution & Product

Our solution is to supply the industry with portable, low power, low cost, geophysical and seismological instruments, such as 32bit ADC seismic digitizers & recorders, broad-band and wide-band seismic sensors and processing software, for exploration geophysics and seismology. Our instruments are ideal for local and regional seismicity and micro-seismicity monitoring and for seismic events such as those induced by unconventional hydrocarbon extraction (e.g. hydraulic fracturing). The instruments we provide are suitable for the oil and Gas industry, for geothermal and geophysical applications and for structural monitoring of buildings, bridges, dams, tunnels, monuments. Our recent product, which currently is under development, will bring revolution in the earthquake early warning systems by creating a new tiny accelerometer. This device will be very cheap and easy to install. It will send alerts to a smartphone in order to warn about upcoming earthquakes 30 to 60 sec earlier. The next step will be the approval of the ShakeAlert Early Warning System of the US as an official provider.

Innovation & Scalability

As a technology-oriented company, we are designing and manufacturing innovative products. We also invest in research & development resources in order to be able to provide competitive products. Our difference in relation to our competitors is that we do not only provide innovative products but we also low-cost high-end instruments. Despite our only 5-year presence in the market, many of our big and traditional competitors created products similar to ours. We present smart instruments to the industry that disrupts the market. Currently, Geobit has a yearly turnover of 500k USD. Having in mind that bigger companies like Guralp, (15M USD/year), Kinemetrics, (30M USD/year), Nanometrics, (120M USD/year) and other smaller companies can reach to 5 - 9M USD/year, we believe that our next step of growth will be at the level of 10M USD/year the next couple of years in the world market. As we are a startup based in Greece, with all the difficulties and limitations of previous years we have to try harder compared to our competitors that are located in big and wealthy commercial centers like California, New York, UK etc. But, as we provide innovative solutions, the key is to have the proof of concept, which is reliable instruments equipped with smart firmware & software. Year by year more clients and companies trust Geobit instruments and our goal is to surpass 30M USD yearly turnover in the next five years.

Traction & achievements

GEOBIT was founded in 2014, as a company for the development of special software for devices in geophysical applications. Very soon the partners looked for opportunities in the design and production of special equipment for geophysical applications. A year later the company added this activity by building a group of related instruments that included a seismometer, accelerometer and recorder - digitizer. This was the beginning of a five-year course, until today, the only Greek company that produces equipment for seismological and geophysical applications, globally recognized, with a wide network of representatives around the world. In August 2020, Geobit completed an R&D program that resulted in the creation of a new innovative instrument \"SmartLCS\".

Team & Why Us

N. Germenis: R&D manager - Design and development of new products, chief electronics engineer, embedded systems engineer, field engineer since 12-2015 Degree in physics and Master Degree on Electronics & Computer science Additional work experience 2000 - today: field manager, electronics engineer, network engineer at oil gas exploration projects and micro-seismic monitoring and seismological network projects D. Mourtzouchos: Structural engineer, Entrepreneur - Active from 05-1999 until today - Leads the general administration and management of the company since 07-2015 V. Kranou: Legal representative - Sales and product promotion manager - Promotes the company\'s products through exhibitions, conferences, agents and advertisements since 05-2014 K. Galiatsatos: Production and quality control manager - Electrical engineer, with experience in electronics since 11-2015 D. Papageorgiou: Production and quality control agent since 5-2014

Funding Needs

Our funding needs are currently covered by our own means. Future funding needs are currently under investigation in order to become an official and approved provider of the ShakeAlert Earthquake Early Warning System for the West Coast of the United States.