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Substantial sale of data products

24 Oct 2013 07:00

RNS Number : 1883R
GETECH Group plc
24 October 2013
 



GETECH Group plc

("Getech" or the "Company")

Substantial sale of data products

GETECH, the oil services business specialising in the provision of exploration data and geological exploration studies, announces a further sale from its global data library.

 

The Company is pleased to announce that it has signed a licence agreement for gravity and magnetic data products which will generate gross income of $864k. Delivery is scheduled to be within the next three months.

 

Getech's Chief Executive, Raymond Wolfson, commented, "Sales from our global data library continue to be a major part of our business. The gravity and magnetic datasets generate direct income for the Company. However, they are also the foundation for much of our value-added work and therefore underpin a large part of our other business."

 

 

Enquiries

 

GETECH Group plc

Raymond Wolfson, Chief Executive

 

Tel: 0113 322 2200

WH Ireland Limited

Katy Mitchell

Tel: 0161 832 2174

 

 

Walbrook PR

Helen Westaway

Tel: 020 7933 8790

Mob: 07841 917 679

helen.westaway@walbrookpr.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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