US$9.3 million Software and HPC Infrastructure Award

Key points

• DUG awarded US$9.3M software and HPC infrastructure contract
• Contract with National Oil Company starts Q1 FY27
• DUG to provide HPC infrastructure and DUG Insight toolkit
• Contract expected to enhance advanced subsurface processing

Full summary

DUG Technology Ltd (ASX: DUG) has announced a US$9.3 million software and high-performance computing (HPC) infrastructure award with a National Oil Company. The two-year contract, starting in the first quarter of FY27, will see DUG provide hosted HPC infrastructure and access to its DUG Insight processing and imaging toolkit. This will enable the client to perform advanced subsurface processing and imaging workflows. The identity of the counterparty remains undisclosed for commercial sensitivity.

Outlook

DUG expects the contract to enhance its market presence and revenue through advanced HPC solutions.