GETECH GROUP PLC

Regulatory Filings • May 29, 2025

National Storage Mechanism | Additional information

RNS Number : 4733K

GETECH Group plc

29 May 2025

29 May 2025

 

Getech Group plc

("Getech" or the "Company")

Major Globe Platform Subscription Renewal

Getech, a world-leading locator of subsurface resources, is pleased to announce that it has successfully closed a significant Globe platform subscription renewal with a US-based energy super-major. The renewal contract has a total value of $945,000 to be recognised over 3-years.

The successful completion of these negotiations reflects the continued demand for our solutions from energy leaders and the importance they attach to our ability to provide data and analytics in support of their exploration programmes.

Chris Jepps, CEO of Getech, commented:

"Globe enhances resource exploration activities by providing a computer-based model, or 'digital twin', of Earth's geologic development and history. Our customers use this model to help locate potential zones for new resource discovery, and Globe's most recent releases have offered even greater value to its user-base with enhanced data layers and analytical tools.

We are delighted that a long-standing key customer has renewed its subscription to the Globe platform for another three years, reaffirming the value that our flagship product brings to its business. This renewal extends their relationship with Getech as a Globe user to over fourteen years, supports our annual recurring revenue (ARR) and replenishes our order book. Furthermore, it highlights how global geopolitical dynamics and energy supply challenges continue to drive investment in oil and gas exploration - a core market for Getech."

For further information, please contact:

Getech Group plc Chris Jepps, CEO	Tel:  0113 322 2200
Michael Covington, Chairman
Cavendish Capital Markets Limited Neil McDonald / Pete Lynch (Corporate Finance) Michael Johnson / Dale Bellis (Sales)	Tel:  0207 397 8900
Novella Communications	Tel: 0203 151 7008
Tim Robertson / Safia Colebrook
getech@novella-comms.com

Notes to Editors:

About Getech

Getech is a leading locator of subsurface resources essential for the world's energy security and sustainable transition. The Company combines unique geoscience expertise, AI-driven analytics, and extensive geospatial insight to identify new energy and mineral resources and streamline exploration processes. Serving clients across corporates, government and regulators in a wide range of industries, Getech is committed to enabling energy and mineral security while supporting a shift towards low carbon sources.

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