Substantial sale of data products

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:  [phone]
WH Ireland Limited Katy Mitchell	Tel:  [phone]
Walbrook PR Helen Westaway	Tel:  [phone] Mob: [phone] [e-mail]

 

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