IKE secures contract expected to result in ~NZ$19m revenue

FOR IMMEDIATE RELEASE, 26 July 2024

IKE secures contract expected to result in ~NZ$19m revenue
Supporting multi-year fiber and grid resiliency program across southwest U.S. utility

ikeGPS Group Limited (IKE) (NZX: IKE / ASX: IKE) is pleased to announce it has secured a
contract that is expected to generate ~NZ$19m revenue over the coming ~36 months.

Highlights
 Expectation for ~NZ$19m platform transaction revenue.
 Revenues are expected to be delivered and recognised over the next ~36 months.
 Supporting the delivery of a multi-year fiber and grid resiliency program across the
network of a prominent utility in the southwestern United States.
 The contract begins immediately, from the end of July 2024.
 Another important step towards targeted EBITDA breakeven and continued high revenue
growth.

IKE CEO Glenn Milnes commented, “We are excited to announce this significant product
expansion with a longstanding partner, underscoring their confidence in our technology and
solutions. This deal will strengthen our platform transaction revenue stream over the next
several years, noting that these types of contracts require the customer to deliver network data
to IKE and that the timing of associated revenue can vary based on customer execution.
“Fiber build, grid resiliency and grid hardening is a major focus for the 3,000-plus utilities
distributing power and commnunications across North America, and we expect this specific
market tail wind to continue for the coming two or three decades. IKE’s products have been built
to drive productivity into the end-to-end deployment and grid resiliency process, and we remain
focused on delivering exceptional value and customer experience to these important
infrastructure groups.”


ENDS

About IKE
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 core 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 IKE’s software.

Contact:
Glenn Milnes
CEO
+1 720-418-1936
glenn.milnes@ikegps.com

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

ikeGPS Group Limited
329 Interlocken Parkway, Suite 120, Broomfield CO 80021, USA
Office: +1 303 222 3218
www.ikegps.com