Signature of multi-year Globe licence

RNS Number : 5041K

GETECH Group plc

05 January 2021

 

5 January 2021

Getech Group plc

("Getech" or the "Company")

Signature of multi-year Globe licence

Getech, a provider of data, knowledge and software to the energy industry, is pleased to announce that it has secured a multi-year licence agreement for its Globe product with a national energy company.

The agreement follows completion of the customer's first year as a Globe user and adds £563,000 to Getech's current orderbook.

An additional option has also been agreed that enables the customer to purchase other Getech data modules, which would enhance and extend its use of Globe.

Jonathan Copus, Chief Executive Officer of Getech commented:

"Getech is committed to working in partnership with our customers so that our skills and technologies are closely aligned with their most pressing business needs. Through this approach Getech has demonstrated Globe's value to this new customer, who has then made a multi-year commitment to Getech's technology.

In 2021, investment in Globe will be focused on delivering new tools and content that strengthen the product's core offering and promote its diversified use across the mining and geothermal sectors."

For further information, please contact:

Getech Group plc Jonathan Copus, Chief Executive	Tel:  [phone]
Cenkos Securities plc Neil McDonald / Pete Lynch / Pearl Kellie (Corporate Finance) Michael Johnson / Julian Morse (Sales)	Tel:  [phone]
Camarco Georgia Edmonds / James Crothers / Ollie Head	Tel: [phone]

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

 

END

 

 

AGRSSWFMLEFSEDF