Through its subsidiary Terra Insight Services, Inc., Terra Energy & Resource Technologies provides mapping and analysis services for exploration, drilling and mining companies related to natural resources found beneath the surface of the earth. Today, Terra Energy took a major step towards prominence with the announcement of the expansion of their services into India.
To enter into the India market, Terra Energy signed a market partner agreement with Saturn Energy Solutions for Oil & Gas (“Saturn”), which is a geological and geophysical consulting firm in India. The terms of the contract have set forth a market partner framework between the two companies, granting Saturn certain rights in connection with the sales and marketing of Terra exploration services in India.
One of the leaders of Terra Energy is Dr. Alexandre Agaian who serves as President of the young company. When asked what this agreement will mean to the future of Terra Energy, Dr. Alexandre was quoted as saying, “We started using the market partner strategy last year and we now have agreements for areas on several continents. Through our South American and South Asian partners, this year we have obtained or carried out service contracts in Argentina, Cambodia, and Indonesia. Our partners helped us to establish many key relationships and to advance with numerous sales prospects and negotiations, creating a significant business pipeline for Terra.”
Currently, Terra Energy is trading in the $0.06 range. To learn more about Terra Energy & Resource Technologies, visit the company website at: www.terrainsight.com.
Let us hear your thoughts below:
