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Getech Shares Jump 20% After Signing Multi-Year Globe License

Updated: 5 Jan 2021

Shares of UK-based Getech Group (LON: GTC) are rallying on Tuesday after the company said it has signed a multi-year license agreement for its Globe product with a national energy company.

The company recently completed its first year as a Globe user and has now signed a deal worth £563,000 to Getech’s order book.

“Getech is committed to working in partnership with our customers so that our skills and technologies are closely aligned with their most pressing business needs,” commented Jonathan Copus, CEO of Getech.

“In 2021, investment in Globe will be focused on delivering new tools and content that strengthen the product's core offering and promote its diversified use across the mining and geothermal sectors,” added Copus.

Getech shares are trading at 17.5p, up 20.34% from Mondays close at 14.8p

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