TIDMGTC

RNS Number : 3817F

GETECH Group plc

17 May 2017

Getech Group plc

("Getech" or the "Company")

Substantial sale of data and products

Getech (AIM; GTC), a provider of products and services to companies and governments working with natural resources, announces the sale of a suite of geology, gravity and magnetic data and products.

Under a licence agreement signed with a leading global resource company, Getech has sold its Earth Systems Modelling product, Depth to Basement data, a package of Gravity and Magnetic data and a resubscription to Globe.

This sale will generate gross income of US$900,000, the majority of which will be recognised within the financial year ending 31(st) July 2017. This contract is in line with the Company's financial expectations for the current financial year.

Getech's Chief Executive Office, Jonathan Copus, commented: "The breadth and diversity of the data and products sold under this licence agreement illustrate Getech's ability to provide innovative, data-rich, information assets to our customers; our aim being to create value through new business insights."

For further information, please contact:

 
 Getech Group plc                     Tel: 0113 322 
  Jonathan Copus, Chief Executive      2200 
 WH Ireland Limited                   Tel: 0161 832 
  Katy Mitchell                        2174

Notes to Editors:

The Getech Group is a leading AIM-listed supplier of products and services to companies and governments working with natural resources. We provide knowledge, expertise and insight that allows our growing customer base in the oil and gas, mining, nuclear and water industries to make better decisions.

For more information, please visit our website at www.getech.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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May 17, 2017 02:00 ET (06:00 GMT)

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