GETECH Group plc Significant sale of data and studies (5537D)
June 30 2021 - 2:00AM
UK Regulatory
TIDMGTC
RNS Number : 5537D
GETECH Group plc
30 June 2021
Getech Group plc
("Getech" or the "Company")
Significant sale of data and studies
Getech, a provider of geoscience data, software and analytic
products and services to the energy industry, is pleased to
announce a significant sale of its geoscience data and a regional
study package, with a value of US$536,000, which is expected to be
fully recognised in the current financial year.
Getech continues to trade in line with current market
expectations for FY2021.
Getech's Chief Executive Office, Jonathan Copus, commented:
"As energy prices have recovered across H1 2021, we have seen a
progressive reopening of the geoscience data market as energy
companies resume their exploration and development activities.
Getech's geoscience data, which includes gravity and magnetic
data that we have gathered over decades, are a unique and
proprietary resource that underpin our knowledge and analytic
products and services. Our geoscience and geospatial experts help
energy companies use this data to make informed decisions about the
location and optimal development of natural resources.
To support our customers' energy transition objectives, our
staff are engaged in a process of continuous development to
increase the analytical and knowledge functions for low-carbon
industries including geothermal, hydrogen, carbon capture and
storage, and strategic minerals.
We expect increased demand for our geoscience data, software and
analytic products as both existing energy and natural resource
customers and new customers work to decarbonise the energy
sector."
Getech Group plc Tel: 0113 322 2200
Jonathan Copus, Chief Executive
Cenkos Securities plc Tel: 0207 397 8900
Neil McDonald / Pete Lynch (Corporate
Finance)
Michael Johnson / Julian Morse (Sales)
Camarco Tel: 020 3781 8331
James Crothers / Ollie Head / Toby Strong
Notes to editors:
Getech (AIM: GTC) has a well-established position within the
global energy market, assisting clients with its unique combination
of products and services, that utilise the Group's sub-surface
skills and geospatial design and implementation capabilities
alongside a deep knowledge and understanding of how to deploy
data.
The Company is leveraging its strong market position, utilising
its existing expertise, and targeting additional commercial
opportunities, to de-risk and accelerate the global transition to
renewable sources of energy while strengthening its existing and
well-established business.
Getech is listed on the AIM market of the London Stock Exchange.
For further information, please visit www.getech.com
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END
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