3rd Jul 2014 08:43
LONDON (Alliance News) - Getech Group PLC said Thursday it has won a new contract worth UD500,000 for the deliver of its US gravity dataset.
The geoscience business said that income from the sale would be recognised in the current year. The customer, which Getech did not name, already purchased a substantial part of the dataset previously, and under the current contract will receive the upgraded version of its onshore US dataset.
"This sale is to an existing and technically knowledgeable client and is the third major sale we have reported out of this dataset," said Chief Executive Raymond Wolfson in a statement.
Shares in Getech were trading up 10% at 58.00 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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