Getech Wins Contracts to Support Hydrogen and Helium Exploration
Why we think this is good
The news of Getech's contract wins with Kingfisher Energy to support their hydrogen and helium exploration efforts is positive for the company. Getech's expertise in locating subsurface resources and its AI capabilities position it well to assist Kingfisher in this growing market. While the success of the contracts will depend on execution, the potential for further contract wins and revenue growth in the medium term is encouraging.
Key Points
- Getech wins contracts with Kingfisher Energy to locate natural hydrogen and helium accumulations in Canada
- Getech to leverage its subsurface-focused AI capabilities to support Kingfisher's exploration efforts
- Kingfisher anticipates expanding its hydrogen and helium exploration strategy, leading to a strategic collaboration agreement with Getech
Summary
Getech, a world-leading locator of subsurface resources, has won two contracts with Kingfisher Energy Corporation to locate natural hydrogen and helium accumulations in Canada. The contracts have commenced, and the two companies are working successfully together, with a series of potential project areas already identified. Over the coming months, Getech will conduct a comprehensive data-led analysis of the key areas of interest, leveraging its subsurface focused AI capabilities. Kingfisher anticipates expanding its exploration strategy for both hydrogen and helium, and Getech and Kingfisher have signed a strategic collaboration agreement to facilitate extending the working relationship beyond Q1 2025.