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Getech Group PLC - Leeds, England-based green hydrogen company - Signs $1.1 million multi-year contract with an unnamed international energy firm for its Globe platform. A third of the revenue will be recognised in the current financial year, with the balance over the next two-year period.
Globe synthesises geoscience data into a 'digital twin' of the Earth - modelling geologic, climatic, and oceanographic systems.
‘We are encouraged by the continued strong demand we see for our products, delivering growth in revenue generation, but also importantly providing a strong base from which we can further explore strategic partnerships and opportunities to expand Getech's own portfolio of low carbon assets,’ said Chief Executive Officer Jonathan Copus.
‘The success of the global energy transition is reliant on a diverse range of solutions facilitated by the rapid development and application of technology and a significant increase in critical minerals supply,’ Copus added.
Current stock price: 21.40 pence
12-month change: down 1.8%
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