16th Oct 2019 11:53
(Alliance News) - GETECH Group PLC on Wednesday said it has completed a sale worth USD1.0 million in revenue to supply data and knowledge services to an unnamed customer.
Geoscience and geospatial products and services firm said the USD1.0 million with be recognised in 2019 and is in line with the company's expectations for the current year.
GETECH explained the licence agreement is in relation to its "integrated suite of geology, gravity and magnetic data and knowledge products".
Chief Executive Jonathan Copus said: "Having delivered significant first half growth in both our order book and our foundation of recurring revenue, our second half sales and marketing campaigns are positioned to build on this momentum by aligning our high-value data products with our customers' operational priorities. Today's announcement is therefore a positive and material step along this path."
Shares in the company were untraded in London on Wednesday morning, last quoted at 25.25 pence each.
By Eric Cunha; [email protected]
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