ViaLogy PLC (AIM: VIY) - Interesting news this week but some scandalous elements to this
The AIM quoted geophysical company has announced a Business and Technical Collaboration Agreement with Compagnie Generale de Geophysique Veritas SA (PAR: CGG), one of the world's largest geosciences companies. The news prompted us to dig deeper into the numbers which revealed some disturbing trends!
The agreement provides ViaLogy with global sales and services locations, access to CGG customers, assistance in scaling ViaLogy’s QuantumRD technology to large geographical areas, and specialized high tech data processing to prepare seismic datasets for QuantumRD. So no
In exchange, CGG will receive reimbursement for services, and will be able to monitor and exploit the QuantumRD technology for its own business and technical purposes, and collaborate on an exclusive basis with ViaLogy technologists.
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