Guideline Geo and TEMcompany sign Strategic OEM Agreement

Guideline Geo and TEMcompany have signed a strategic OEM agreement to accelerate the use of geophysical transient magnetic (TEM) methods within the groundwater sector.

Through private labelling, TEMcompany will design and manufacture products for Guideline Geo who will market, sell, support and service these products globally.

Finding and managing groundwater is increasingly important as 2.4 bn people live in water-stressed countries and the UN Global Goal for 2030 will require a 6-fold increase in efforts to provide global drinking water. Guideline Geo and TEMcompany both aspire to making a real impact on the global water crisis.

“We are pioneers in TEM technology with a strong R&D team that delivers new TEM products at a high pace”, says Esben Auken, CEO at TEMcompany. “The OEM agreement with Guideline Geo is strategic to us and we have high expectations to benefit from the strong market presence of Guideline Geo. This agreement will enable us to keep an even higher focus and pace in our product development efforts and to scale up our manufacturing capacity accordingly.”

“This partnership is mutually beneficial”, says Malin Siberg, CEO at Guideline Geo. “TEMcompany has recruited a strong team of TEM experts and has a vision to make TEM methods for finding groundwater easy-to-use by non-experts. These products complement and strengthen our existing TEM product portfolio and will be sold to our worldwide customers under our well-reputed ABEM brand.”

“Climate change drives the need for a sustainable management of groundwater and this technology plays an important role in this field”, concludes Henning Sandager, Chairman of the Board of TEMcompany representing Grundfos Foundation, a key shareholder of TEMcompany.

For more information, please contact:

Malin Siberg, CEO, Guideline Geo AB (publ.), tel. +46 73 044 60 11
www.guidelinegeo.com

Guideline Geo AB (publ) är världsledande inom området geofysik. Guideline Geo utvecklar och marknadsför lösningar inom fyra starkt tillväxande globala segment: Kartläggning av vattenförekomster, övervakning och kartläggning av miljöföroreningar, undersökning inför uppförande av byggnation och underhåll av infrastruktur samt undersökning och kartläggning vid gruvdrift och mineralutvinning. I koncernen ingår MALÅ och ABEM med hög teknisk kompetens, innovativa lösningar och världsledande globala varumärken. Guideline Geos aktie är noterad på Nasdaq First North Growth Market med Redeye AB som Certified Adviser.