Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
DUG Technology Ltd ( (AU:DUG) ) has issued an update.
DUG Technology Ltd has signed a multi-year Software-as-a-Service and High Performance Computing as-a-Service agreement with PETRONAS DIGITAL SDN BHD, a subsidiary of Malaysia’s national energy company. This agreement, valued at a minimum of US$23.8 million, will provide PETRONAS with advanced computing and imaging capabilities, enhancing their subsurface processing workflows. The partnership with Cegal, a Norwegian technology company, will deliver managed services, with the project expected to be fully commissioned by early 2026. This deal positions DUG as a key player in providing innovative computing solutions to the energy sector, potentially expanding its market influence and stakeholder engagement.
The most recent analyst rating on (AU:DUG) stock is a Buy with a A$2.08 price target. To see the full list of analyst forecasts on DUG Technology Ltd stock, see the AU:DUG Stock Forecast page.
More about DUG Technology Ltd
DUG Technology Ltd is a leader in geoscientific computing, offering high-performance computing facilities, proprietary software solutions, and energy-efficient immersion cooling systems. The company provides tailored geoscience services and innovative solutions to tackle complex data challenges, maximizing the value of seismic data for clients worldwide. Headquartered in Australia, DUG operates globally, focusing on scientific progress, environmental sustainability, and commercial success.
Average Trading Volume: 285,334
Technical Sentiment Signal: Buy
Current Market Cap: A$218.1M
See more insights into DUG stock on TipRanks’ Stock Analysis page.