IQGeo Group PLC New Contract Win (2529L)
09 Septiembre 2021 - 2:03AM
UK Regulatory
TIDMIQG
RNS Number : 2529L
IQGeo Group PLC
09 September 2021
IQGeo Group plc
(the "Company" or the "Group")
IQGeo selected by a global top 10 electrical power utility in
Japan
IQGeo (AIM: IQG), a developer of geospatial productivity and
collaboration software for the telecoms and utility industries, is
pleased to announce that its software has been selected by a global
top 10 electrical utility provider in Japan. The new contract is
for more than 4,000 licences with an annual recurring subscription
value greater than GBP500k. This customer will be deploying IQGeo's
geospatial software as part of a strategic project to monitor and
respond to severe weather events that can have a major impact on
electrical service for its commercial and residential
customers.
IQGeo's network asset management software will be used in both
their storm operations centre and by field crews that assess
extreme conditions, capture real-time network status, and restore
service. The IQGeo software will provide all operational teams with
an accurate and timely view of network realities so they can
efficiently anticipate and manage disaster response activities.
The annual Japanese typhoon season is witness to some of the
world's most severe storms, causing hundreds of millions of Pounds
in damage and endangering the lives of its citizens. When these
storms hit, it is critically important to IQGeo's new customer that
they be able to monitor the impact on their network and rapidly
resume electrical service as safely as possible. The IQGeo software
will provide employees across the organisation much greater
operational transparency through a geospatial network view that
integrates a range of important data feeds from live weather
conditions to electrical service status.
Richard Petti, CEO, commented that "IQGeo is very pleased to be
working with our new customer to help it maintain critical national
electric infrastructure during Japan's notorious typhoon season.
The IQGeo team, together with our local integration partner NESIC,
has extensive experience with disaster assessment and response
activities as we are already working with other major Japanese
electrical utility operators to support their severe incident
response strategy. Over the last year our Japanese customer base in
the telecommunication and utility markets has achieve strong growth
with new organisations and has also expanded within existing
accounts. This growth is a direct reflection of the strategic value
our software provides to our customers."
For further information contact:
IQGeo Group plc +44 1223 606655
Richard Petti
Haywood Chapman
finnCap Ltd +44 20 7220 0500
Henrik Persson, Seamus Fricker (Corporate Finance)
Tim Redfern, Richard Chambers (ECM)
Notes to Editors
About IQGeo
IQGeo(TM) (AIM: IQG), delivers award-winning geospatial software
solutions to telecommunication and utility network operators around
the world ranging from large multinationals to smaller regional
providers. The IQGeo software suite improves productivity and
collaboration across enterprise planning, design, construction,
maintenance, and sales processes reducing costs and operational
risks while enhancing customer satisfaction. Our mobile-first,
cloud-native software helps companies create and maintain an
accurate view of their increasingly complex network assets that is
easily accessible by anyone, wherever and whenever needed. Whether
using our Enterprise IQGeo Platform or targeted OSPInsight fiber
planning and design software, we enable a "System of Action" that
breaks down information silos, improves data quality and
accelerates decision making. Headquartered in Cambridge, with
offices in Denver, Salt Lake City, Frankfurt and Tokyo, we work
with some of the largest network infrastructure operators in the
world. For more information visit: www.iqgeo.com/
Copyright (c) 2021, IQGeo UK Limited. IQGeo is a registered (R)
trademark
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END
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