IKE wins contract with large US electric utility

ikeGPS Group Limited p. 1
350 Interlocken Blvd, Suite 390, Broomfield CO 80021, USA
Office: +1 303 222 3218
www.ikegps.com


FOR IMMEDIATE RELEASE
14 October 2020

IKE wins contract with large US electric utility

ikeGPS Group Limited (NZX:IKE/ASX:IKE) (“IKE” or “the Company”), 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 it has signed an important agreement with a large U.S. electric utility to help assess and
design its power distribution infrastructure.

+ IKE has signed one of U.S.A.’s largest utilities companies to the IKE Analyze platform, to help
assess and design power pole infrastructure in a fast, safe, and reliable way.
+ IKE will initially assist with 250,000 assets, a small subset of approximately 10 million assets
across the customer’s asset base.
+ The initial phase is expected generate approximately $750,000 revenue in IKE’s FY21 (the
period ending 31 March).
+ The customer’s parent company is an American Fortune 100 energy business with many
similar companies in its portfolio.
+ This agreement follows a successful pilot program, de-risking the implementation and
onboarding processes, and goes live immediately.
+ This initial agreement has expansion potential on successful delivery.
+ Significantly, this is the first major cross-sell from IKE’s Pole Foreman acquisition that was
completed October 2019.
IKE Analyze software allows customers to optimise workflow management, compliance, speed, and
safety across its power pole asset base and enables faster new asset construction or maintenance.
Under the agreement, the large utility company will utilise the IKE Analyze platform to initially assist
with the assessment of 250,000 power pole assets. This customer has a ~10m power pole asset
base.
The agreement follows the signing of a major US communications infrastructure company (see ASX
announcement 17 July 2020) and demonstrates the capability of IKE Analyze to service both the
Communications and Electric Utility markets, each of which represent large, long-term addressable
markets.
IKE CEO Glenn Milnes commented, “This agreement provides further validation of the value the IKE
Analyze platform can provide to large electric utilities, and confirms the viability of the Company’s
strategy to target tier-1 infrastructure operators. We look forward to working with this group and
continuing to expand our customer base in North America.”

ikeGPS Group Limited p. 2
350 Interlocken Blvd, Suite 390, Broomfield CO 80021, USA
Office: +1 303 222 3218
www.ikegps.com


ENDS
About ikeGPS
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.
www.ikegps.com
Contacts:
NZX; Glenn Milnes, CEO, +1 720-418-1936, glenn.milnes@ikegps.com
ASX; Simon Hinsley; NWR Communications, +61(0)401-809-653,
simon@nwrcommunications.com.au