LONDON (Alliance News) - Drone services company Strat Aero PLC on Thursday said its Geocurve Holdings Ltd subsidiary has continued to win new contracts since it was acquired in September.
Geocurve now has around GBP10.0 million in potential business on its books, including flood defence and related-surveying work, 3D mapping services, and inspection work for offshore assets, including in the wind industry.
"We anticipate Geocurve's pipeline of opportunities converting to contracts and revenue gradually during the course of next year," said Tony Dunleavy, Strat Aero's chief executive.
"As cautioned before, these large client contracts do take time. However, combined with the rapid progress being made across the group and increased growth momentum of the UAV market, we remain confident about the prospects for Strat Aero," he added.
Shares in Strat Aero were up 1.6% to 6.99 pence on Thursday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
