Actusnews Wire - Professional broadcaster of corporate and regulated information, authorised by the AMF and the CSSF.

  GROUPE GORGE company press release from 16/10/2018

  16/10/2018 - 07:00

ECA Group awarded a EUR 4M contract by Sonatrach


ECA Group, a Groupe Gorgé company, has been awarded a service contract from the Algerian state-owned oil group Sonatrach for the Arzew natural gas liquefaction plant in Algeria.

This contract of more than €4 million provides for the cleaning of the four seawater inlet galleries of the plant thanks to the VISIT submarine system of ECA Group. This powerful 6-ton vehicle equipped with hydraulic tools will clean all the walls of the pipes. These works should be completed during Summer 2019.

With this new contract, Sonatrach renews for the fourth time its confidence in ECA Group for the realization of this type of work, confirming the expertise and know-how of ECA Group in the field of the energy industry, especially for the cleaning of large hydraulic structures using underwater systems.



Next report

Publication of third quarter revenue on Friday October 26, 2018 before market opening.



Disclaimer

GROUPE GORGE press releases may contain forward-looking statements regarding GROUPE GORGE's targets. These forward-looking statements reflect GROUPE GORGE's current expectations. Such forward-looking statements and targets depend on known and unknown risks, uncertainties and other factors that could cause actual results, performance or events to differ materially from those anticipated herein. The risks and uncertainties that could affect the Group's future ability to achieve its targets include, in addition to those indicated in the press release: the strength of competition; the development of markets in which the Group operates and notably the 3D printing division; currency fluctuations; obtaining the export authorizations that may be required for certain activities; control of costs and expenses; changes in tax legislation, laws, regulations or their enforcement; our ability to successfully keep pace with technological advances; our ability to attract and retain qualified personnel and key staff; the evolution, interpretation and uniform application and enforcement of International Financial Reporting Standards (IFRS), according to which we prepare our financial statements; manufacturing and supply chain bottlenecks; the performance of our business partners (subcontractors, agents, suppliers, etc.). Some of these risk factors are set forth and detailed in our Document de Référence (Registration Document including the annual financial report filed with the French Autorité des Marchés Financiers), available on our website www.groupe-gorge.com. This list of risks, uncertainties and other factors is not limitative. Other unanticipated, unknown or unforeseeable factors, such as changes in the economic situation or financial markets, could also have a material adverse effect on our targets.

This press release and the information it contains do not constitute an offer to sell or to subscribe, or a solicitation to purchase or subscribe shares or securities in GROUPE GORGE or in its listed subsidiaries in any country whatsoever.

Follow us on Twitter for live updates
from Groupe Gorgé!

@GroupeGorge
 


About Groupe Gorgé

Founded in 1990, Groupe Gorgé is an independent group that specializes in high-tech industries. Today, the Group is active in the fields of security and protection in extreme environments, as well as in the 3D printing sector. In its more than twenty-five year history, Groupe Gorgé has always developed and driven the latest technological and industrial innovations.

Smart Safety Systems: Developing complete, innovative technological solutions for complex missions in hostile and confined environments.

Protection of High-Risk Installations: Protecting people and ensuring the active and passive protection of installations for energy markets and industrial and tertiary sectors in France. Ensuring the maintenance of these protection systems.

3D Printing: Enabling major industry players to find new routes to successful innovation and production processes by providing 3D printers, premium material, software and 3D printed parts.

In 2017, the Group reported revenue of €276.7 million. It is backed by 2,000 employees and operations in over ten countries.

More information available on www.groupe-gorge.com


Groupe Gorgé is listed on Euronext Paris Compartment B.

ISIN code: FR0000062671

Ticker code: GOE



Contact

Groupe Gorgé - Raphaël GORGÉ – CEO & Chairman - Tel.: +33 1 44 77 94 77 - E-mail: contact@groupe-gorge.com

Finance News – Natacha MORANDI – Analysts/Investors Relations - Tel.: +33 1 53 67 36 72 - E-mail: nmorandi@actus.fr

Finance News – Jean-Michel MARMILLON – Press Relations - Tel.: +33 1 53 67 36 73 - E-mail: jmmarmillon@actus.fr