1 May 2020 09:39
1 May 2020
Advance Energy plc
('Advance' or the 'Company')
Announcement of Master Service Agreement and Strategic Partner
Advance Energy plc (AIM:ADV) is pleased to announce that the Company has signed a Master Service Agreement
with Xodus Group Limited for technical and advisory services.
Xodus Group provides engineering and advisory services to clients in the oil and gas, LNG, renewables and utilities industries worldwide (www.xodusgroup.com).
The Company's business model is to work closely with strategic partners in order to add expertise and deep bench strength complementary to the core Advance Energy management team.
In this way we can deliver superior performance while keeping fixed costs and overheads as low as possible - especially important in a low oil price environment.
In the first instance we intend to work with Xodus Group for evaluation and due diligence work related to ongoing projects.
Twitter Feed
The Company is also pleased to communicate the launch of a new Twitter feed to keep investors up to date on the latest news. The Twitter name is @advanceplc.
For further information, please contact:
Leslie Peterkin | Advance Energy plcc/o FIM Capital Limited | Tel: +44 1624 681250 |
Graham Smith | FIM Capital Limited | Tel: +44 1624 681250 |
Roland Cornish/ James Biddle | Beaumont Cornish Limited(Nominated Adviser) | Tel: +44 20 7628 3396 |
Colin Rowbury | Novum Securities Limited(Joint Broker) | Tel: +44 207 399 9427 |
Christian Dennis | Optiva Securities Limited(Joint Broker) | Tel: +44 20 3411 1881 |