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Seismic wave monitoring

Hi, We are working on a earthquake monitoring device. The sensors we use are geophones and accelerometers. 

-We had a look into AD7768  ADC for connections and ADSP-BF706 for DSP processor. Can  the DSP processor handle filtering and processing of the signal simultaneously when ADC is running at 5 kilo samples/second.?

We also don't prefer continuous sampling of sensors,because the nodes runs in a battery.

-Do you any other suggestion with such type of  products you have on this