GTC Expands its Platform for the Energy Transition

RNS Number : 8532G

GETECH Group plc

01 April 2022

 

1 April 2022

Getech Group plc

("Getech" or the "Company")

Getech Expands its Platform for the Energy Transition

Getech, the net zero technology provider and data-led energy asset developer, is pleased to advise that it has expanded its Maptium platform offering with further content and analysis for the energy transition.

Maptium provides a secure web-based gateway to Getech's world-class data and analytics content. It allows users to visualise and analyse energy and mineral resources information, maximising the value and knowledge of their projects and operations. The platform can be utilised by customers across a wide range of energy transition projects, including geothermal, critical minerals and carbon capture and storage.

The following content is available to license through Maptium now:

· Maptium Gravity & Magnetic - enhances understanding of the subsurface, using Getech's world-leading global gravity and magnetic data. The content is used by customers across the energy transition sectors to de-risk exploration, improve efficiency and optimise performance in the delivery of projects;

· Maptium Sedimentary Copper - provides analysis and insights into the location and economic concentration of sedimentary copper, a metal key to almost every renewable energy solution. The content is used by mining customers to improve prospectivity of their copper exploration projects;

· Maptium Geodynamics - enables access to Getech's market-leading plate model and geodynamics expertise to improve understanding of the geologic evolution for an area of interest. The content is used by customers across the energy transition sectors to build a better regional understanding of their projects.

Further information on Maptium can be accessed on Getech's website: https://getech.com/getech-products/technology/maptium/ .

Getech's Chief Executive Office, Dr Jonathan Copus, commented:

"As energy supply transitions to more localised low carbon solutions, Getech is reinventing the way we provide access to our global geoscience data and analytics.

Delivered through our scalable Maptium platform, we are building a range of modular solutions that target applications in the geothermal, critical minerals, and carbon/energy storage sectors. These modules provide customers with cost-effective access to targeted essential data, workflows and analytics that previously were only available through Getech's global petroleum solutions.

By investing in our products, technologies, and talent, Getech is strengthening our market share in the energy transition and increasing revenue generation. This in turn helps us build strategic relationships, which we can use to access unique participation opportunities in decarbonisation projects."

For further information, please contact:

Getech Group plc Jonathan Copus, Chief Executive	Tel:  [phone]
Cenkos Securities plc Neil McDonald / Pete Lynch (Corporate Finance) Michael Johnson / Dale Bellis (Sales)	Tel:  [phone]
Camarco James Crothers / Toby Strong / Charles Dingwall	Tel: [phone]

Notes to editors:

Getech (AIM: GTC)  helps countries and companies to manage their natural resources and energy infrastructure to assist in the delivery of a successful energy transition to a net zero economy. We use our extensive geoscience and geospatial technology, data and skills to locate sustainable energy resources, de-risk and optimise their development, and to ensure long-term economic production. Our focus is on scalable projects that can deliver meaningful impact across industries including oil and gas, critical minerals, geothermal, green hydrogen, and carbon capture and storage.

Getech is also using its data, technology, and skills to build its own portfolio of low-carbon assets. The Group is developing its first green hydrogen projects in Inverness and Shoreham, targeting decarbonization of the commercial transport sector across multiple green hydrogen hubs. UK commercial fleet fuel demand, which in 2019 totalled GB£12 billion, is set to fully decarbonise by 2050.

For further information, please visit www.getech.com .

 

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