Getech Group plc announced the signing of a Strategic Collaboration Agreement with Eavor Technology Inc. The Strategic Agreement will see the Parties work together to locate and de-risk multiple closed-loop geothermal projects for development across Latin America, a region with inherent strong heat-flow potential and rapidly growing green energy demand. Highlights: The Parties will combine their highly complementary, unique, proprietary geothermal solutions, skills and technologies to deliver the agreed work: Getech will deploy its industry-leading geoscience gravity and magnetics database, its proprietary HeatSeeker software package and its asset analytics skills, Eavor will deploy its closed-loop geothermal energy production system, Eavor-Loop, as well as its growing knowledge base and proprietary technology for identifying and qualifying the best locations for geothermal energy production; The Parties will identify and screen the most technically and economically favourable Latin American geothermal sites for development as sources of clean, baseload and flexible energy for heating, cooling and green electricity; Priority will be given to locations where multiple closed-loops can be deployed, in order to allow for quick scale-up and to minimise investment. Value can then be built by advancing assets through commercial and technical feasibility, and where appropriate, securinglicences; The Parties will retain the commercial optionality to either realise asset value pre-development through farm-down/sale to a third party (retaining the potential to provide ongoing development support) or to proceed as development investors.

Getech will use its foundation geospatial and economic modelling skills to locate and quantify aboveground demand for heat and/or power. The Company will then combine this analysis with its unique geoscience data, proprietary heat flow models, and spatial analytic software, to deliver integrated geothermal solutions.