Judges Scientific's Geotek wins binding coring contract

29th Aug 2024 08:54

(Sharecast News) - Judges Scientific, a specialist in the acquisition and development of businesses in the scientific instrument sector, announced on Thursday that its subsidiary Geotek had secured a binding contract for an upcoming coring expedition.

The AIM-traded firm said the expedition was scheduled for early 2025.

It noted that no revenue from the contract would be recognised in 2024, aligning with previous statements.

The expected revenue from the contract was anticipated to be comparable to recent coring projects undertaken by Geotek, it added.

At 0947 BST, shares in Judges Scientific were up 1.09% at 10,564p.

Reporting by Josh White for Sharecast.com.