Strategic partner27 Mar 2014 11:40
Well twix386, obviously hope
But we have a partner already and one that can help us achieve global reach, maybe they just want to have greater control over the tech's deployment and development that the original agreement didn't offer, the original agreement was after ten months of testing the tech and due diligence, I would suggest that CGG have a genuine interest in QRD/QRI.
With the website update under the management of AR I would say we can take this seriously:
A new US-based company, ViaLogy Energy Corp (VEC), has been established to arrange the worldwide sales and marketing of oil and gas related applications for the ViaLogy technology, QuantumRD. ViaLogy PLC retains a 75% holding in VEC and intends to offer 25% to a strategic partner. ViaLogy's new Board of directors and management team, under the direction of Executive Chairman Adam Reynolds, are actively seeking to implement the new investing strategy of the Company and a further announcement will be made as arrangements are finalised.
Announcement April 2014:
Under the terms CGG has agreed to assist in facilitating ViaLogy's business growth and scalability in the oil and gas exploration industry by providing technical advice and introductions to selected worldwide clients. Ideally, CGG will process all data for ViaLogy analysis, ensuring the highest data quality, retention of data characteristics important for QuantumRD, and leading to repeat business for both parties.
BD: AGM presentation
EXPAND BUSINESS IN UPSTREAM O&G SECTOR (CGG IS KEY)
SG: AGM presentation
VEC (Private Entity)
―
Pasadena (R&D) + Houston (mktg./sales)
―
Grow O&G business; CGG channel ―
business-qualifications, past performance for global tender submissions
sales channel – business introductions; on performance basis
December interims:
The signing of a Business and Technical Collaboration Agreement with CGG (NYSE: CGG, Euronext: CGG: PA, www.cgg.com) of France, one of the world's largest geosciences companies. It provides ViaLogy with global sales and services locations, access to CGG customers , assistance in scaling ViaLogy's QuantumRD technology to large geographical areas, and specialised high tech data processing to prepare seismic datasets for QuantumRD.
TB Finals:
The directors are agreed that for ViaLogy to maximise its full commercial potential the way forward now is to establish strong partnerships with companies already well established and respected in their fields. This approach is epitomised by our relationship with CGG where, properly managed, our association will considerably enhance ViaLogy’s ability to continue making a significant impact in the inherently traditional and often sceptical Oil and Gas exploration industry.
It's probably worth looking back at the original CGG collaboration agreement, to me I would questioned why would CGG help promote a competing tech? Well maybe having 25% woul
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