First orders under umbrella contract

RNS Number : 3600A

GETECH Group plc

22 December 2014

 



Getech Group plc

("Getech" or the "Company")

First orders under existing National Oil Company umbrella contract

Getech (AIM; GTC), the geoscience business specialising in the provision of data, studies and services to the oil, gas and mining exploration sectors, is pleased that the first orders have been placed under the umbrella contract referred to in the announcement on 4^th November 2014.

This contract is with a long standing client and provides a three-year extension to the previous, annually renewable, contract. Under this extension the client may purchase Globe, Regional Reports, data and Commissions work. The total value of this first order is £400k, all of which will be delivered during the current financial year.

Raymond Wolfson, Chief Executive of Getech Group plc, said: "As we had anticipated, this first order includes a number of products. Perhaps the most significant element is the purchase of a subset of our palaeoclimate and palaeotide models. These form part of Getech's leading edge "Earth Systems suite", which is available for purchase by Globe clients in addition to the core components."

Enquiries:

Getech Group plc Raymond Wolfson, Chief Executive	Tel:  [phone]
WH Ireland Limited Katy Mitchell	Tel:  [phone]

 

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