2003

• MicroSeismic, Inc., (MSI) was incorporated in early 2003 to commercialize passive seismic and received venture funding of $450,000. The lead investor was the Altira Group of Denver, Colorado joined by Chevron Technology Ventures, the venture capital arm of Chevron Corporation
• First-to-market with a novel surface array technique for hydro-frac monitoring called FracStar^®
• Registered Trademarks for PSET^®, PSTT^® and FracStar^® technologies

2006

• Revenues doubled over 2005
• In August 2006 MSI, completed a $7 million “Round B” financing from three participants, including the two “Round A” participants, Altira, Chevron Technology Ventures, and RockPort Capital Partners
• The company built its staff in anticipation of substantially expanded operations in 2007. This included adding a Chief Financial Officer, an operations management team, hiring and training additional field crews, and increasing the number of geophysicists

2007

• Revenue increased by 231% over 2006
• Opened office in Denver with sales, processing and operations personnel
• Completed second generation of the company’s proprietary passive seismic processing software, PSET^®

2008

• Revenues increased by 25% over the previous year
• Opened office in Calgary
• Moved HQ offices to larger facility with 12,000 square feet of space
• CEO and President, Dr. Peter Duncan Named as the 2008 Fall AAPG-SEG Distinguished Lecturer
• Named to the Houston "Fast Tech 50" list by the Houston Business Journal in 2008. MSI was ranked number 13 out of the top 50 technology companies in Houston
• Launched Down Hole monitoring service in 2008
• Launched Buried Array monitoring service
• Awarded world’s first multi-year, multi-million dollar contract for permanently buried array for hydraulic frac monitoring
• Doubled the size of the North American sales team, hired a VP of Sales for US, named a VP of Sales for International, added sales representatives in China, Argentina, and Mexico

2009

• Sold eight buried array programs, supporting four operators
• Launched multiple programs in Canada and in the Marcellus, Haynesville, Bakken and Eagle Ford Shale plays

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