Announcement
GENERAL: IKE: IKE wins material customer contract
09:48am
IKE
13/08/2021 09:48
GENERAL
PRICE SENSITIVE
REL: 0948 HRS ikeGPS Group Limited
GENERAL: IKE: IKE wins material customer contract
IKE wins material customer contract
ikeGPS Group Limited (ASX/NZX:IKE) or IKE, the company setting the standard
for collecting, managing and analysing pole and overhead asset information
for electric utilities, communications companies and their engineering
service providers, is pleased to announce:
- That it has signed an extension to an agreement with a communications
company supporting fibre infrastructure development in an east coast region
of the U.S..
- This follow-on contract will generate approximately $0.63m of transaction
revenue.
- It is expected that approximately 50% of this contract value will be
recognized in IKE's FY22 (the period ending 31 March 2022) and the additional
50% in IKE's FY23.
- This customer will utilise the IKE platform to assess approximately 10,000
assets prior to deploying fibre infrastructure.
IKE CEO Glenn Milnes commented, "The expansion of this customer further
demonstrates the value that the IKE platform provides to communications
groups, and our ability to expand the use of our platform over time across
targeted infrastructure operators."
Today's announcement follows other recent releases highlighting other
material customer expansion contracts and that approximately $11.5M of new
contracts were won in the six months to 30 June 2021.
ENDS
ikeGPS Group Limited
350 Interlocken Blvd, Suite 390, Broomfield CO 80021, USA
Office: +1 303 222 3218
www.ikegps.com
About ikeGPS
We're IKE, the PoleOS Company. IKE seeks to be the standard for collecting,
analysing and managing pole and overhead asset information for electric
utilities, communications companies, and their engineering service providers.
Contact:
Simon Hinsley
Investor Relations
+61-401-809-653
simon@nwrcommunications.com.au
Glenn Milnes
CEO
+1 720-418-1936
glenn.milnes@ikegps.com
End CA:00377222 For:IKE Type:GENERAL Time:2021-08-13 09:48:28
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