IKE extends customer contract to >$4m

For Immediate Release
18 January 2022 (all numbers are NZ$ unless stated otherwise)
IKE extends customer contract to >$4m
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 a contract with an existing communications customer
supporting fibre infrastructure deployment in the U.S.
 This customer is expected to now generate >$4m of transaction revenue for IKE in the
coming 12-18 months. The expected contract value is based on expectations set by the
customer, the timing and delivery of this revenue is dependent on the customer’s
execution of their infrastructure build.
 This is a contract extension from the same customer announced on 12 October 2021
and is an extension from the $1.6m initially announced.
 This customer is utilizing the IKE platform to accelerate the assessment and engineering
of distribution pole assets prior to deploying its fibre network.

IKE CEO Glenn Milnes commented, “The growth across this infrastructure customer
demonstrates the value that the IKE platform provides to communications companies, and our
ability to expand the use of our platform over time across partners. This specific entity has been
a customer for several years, growing from an initial annual account size of tens of thousands of
dollars to a multi-million dollar account today. Our broader in-market momentum gives us a high
degree of confidence for strong growth this and our next financial year.”

IKE will be releasing its Q3 performance update (for the period to 31 December 2021) on 1
February 2022.

ENDS

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.
The IKE platform allows electric utilities, communications companies, and their
engineering service providers to increase speed, quality, and safety for the construction
and maintenance of distribution assets.
The revenue engine for IKE is driven by the number of enterprise customers subscribing to
the IKE platform and the volume of assets (called Transactions) being processed through
the IKE software.

Contact:
Simon Hinsley
Investor Relations
+61-401-809-653
simon@nwrcommunications.com.au

Glenn Milnes
CEO
+1 720-418-1936
glenn.milnes@ikegps.com
ikeGPS Group Limited
350 Interlocken Blvd, Suite 390, Broomfield CO 80021, USA
Office: +1 303 222 3218
www.ikegps.com