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DUG Technology Ltd ( (AU:DUG) ) just unveiled an update.
DUG Technology Ltd has launched a new multi-client business unit, acquiring seismic data assets from Multi-Client Resources (Australia) Pty Ltd. This strategic move positions DUG as a multi-client company, enhancing its seismic imaging capabilities and expanding its data library for the energy industry. The acquisition involves future revenue-based payments, with Stephen Doyle, a seasoned industry expert, appointed to lead the initiative. This expansion aligns with DUG’s goals for the year, which include advancing various business lines and leveraging its elastic MP-FWI imaging technology.
More about DUG Technology Ltd
DUG Technology Ltd is an ASX-listed technology company based in Australia, with a strong focus on applied science and innovation. It offers tailored geoscience services, software, high-performance cloud-based computing, and immersion-cooling systems. The company is recognized for its expertise in seismic data processing and geoscientific innovation, with offices in Perth, London, Houston, Kuala Lumpur, and Abu Dhabi.
YTD Price Performance: -6.07%
Average Trading Volume: 284,714
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$174.4M
Learn more about DUG stock on TipRanks’ Stock Analysis page.
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