ADL Andalas Energy And Power Plc

TIDMADV

RNS Number : 6436L

Advance Energy PLC

01 May 2020

1 May 2020

Advance Energy plc

('Advance' or the 'Company')

Announcement of Master Service Agreement and Strategic Partner

Advance Energy plc (AIM:ADV) is pleased to announce that the Company has signed a Master Service Agreement

with Xodus Group Limited for technical and advisory services.

Xodus Group provides engineering and advisory services to clients in the oil and gas, LNG, renewables and utilities industries worldwide (www.xodusgroup.com).

The Company's business model is to work closely with strategic partners in order to add expertise and deep bench strength complementary to the core Advance Energy management team.

In this way we can deliver superior performance while keeping fixed costs and overheads as low as possible - especially important in a low oil price environment.

In the first instance we intend to work with Xodus Group for evaluation and due diligence work related to ongoing projects.

Twitter Feed

The Company is also pleased to communicate the launch of a new Twitter feed to keep investors up to date on the latest news. The Twitter name is @advanceplc.

For further information, please contact:

 
 Leslie Peterkin         Advance Energy plc          Tel: +44 1624 681250 
                          c/o FIM Capital Limited 
 Graham Smith            FIM Capital Limited         Tel: +44 1624 681250 
 Roland Cornish/ James   Beaumont Cornish Limited    Tel: +44 20 7628 3396 
  Biddle                  (Nominated Adviser) 
 Colin Rowbury           Novum Securities Limited    Tel: +44 207 399 9427 
                          (Joint Broker) 
 Christian Dennis        Optiva Securities Limited   Tel: +44 20 3411 1881 
                          (Joint Broker) 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCFIFVTERILIII

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May 01, 2020 04:39 ET (08:39 GMT)

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