GETECH Group plc Substantial Sale of Data and products (3817F)
17 May 2017 - 4:00PM
UK Regulatory
TIDMGTC
RNS Number : 3817F
GETECH Group plc
17 May 2017
Getech Group plc
("Getech" or the "Company")
Substantial sale of data and products
Getech (AIM; GTC), a provider of products and services to
companies and governments working with natural resources, announces
the sale of a suite of geology, gravity and magnetic data and
products.
Under a licence agreement signed with a leading global resource
company, Getech has sold its Earth Systems Modelling product, Depth
to Basement data, a package of Gravity and Magnetic data and a
resubscription to Globe.
This sale will generate gross income of US$900,000, the majority
of which will be recognised within the financial year ending 31(st)
July 2017. This contract is in line with the Company's financial
expectations for the current financial year.
Getech's Chief Executive Office, Jonathan Copus, commented: "The
breadth and diversity of the data and products sold under this
licence agreement illustrate Getech's ability to provide
innovative, data-rich, information assets to our customers; our aim
being to create value through new business insights."
For further information, please contact:
Getech Group plc Tel: 0113 322
Jonathan Copus, Chief Executive 2200
WH Ireland Limited Tel: 0161 832
Katy Mitchell 2174
Notes to Editors:
The Getech Group is a leading AIM-listed supplier of products
and services to companies and governments working with natural
resources. We provide knowledge, expertise and insight that allows
our growing customer base in the oil and gas, mining, nuclear and
water industries to make better decisions.
For more information, please visit our website at
www.getech.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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