Sharechat Logo

ikeGPS Group Limited (NZX: IKE) Signs Material Customer Contract

Friday 19th March 2021

Text too small?

ikeGPS Group Limited, the company setting the standard for collecting, managing and analysing pole and overhead asset information for North American electric utilities, communications companies and their engineering service providers, is pleased to announce that it has won a material long-term contract with a national engineering services business operating across the U.S. communications and utilities market. Their use of the IKE Platform will translate to approximately $0.7m revenue per annum.

IKE is also pleased to announce Crown Castle International Inc. (CCI), the largest provider of communications infrastructure for cell towers, small cells, and fiber in the U.S., has standardized on the IKE Platform for pole-related 5G and fiber deployment processes. IKE originally described CCI’s profile to the NZX and ASX in July 2020 and this marks the first time that it has been able to name them as a significant customer. Over the past quarter IKE has deployed its systems into an initial eight CCI regions.

IKE CEO Glenn Milnes, commented: “We are pleased to be closely aligned with CCI. Our objective is to get CCI networks built and to market faster, be it fiber or 5G construction, where the IKE platform has proven to more than double their pre-construction speeds for network deployments.”

Please see the link below for details:

IKE signs material customer contract with U.S. national engineering services business

Source: ikeGPS Group Limited



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report