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Advance Energy PLC (ADV)

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Friday 01 May, 2020

Advance Energy PLC

Master Service Agreement and Strategic Partner

RNS Number : 6436L
Advance Energy PLC
01 May 2020
 

 

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 plc
c/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

 


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