IKE wins Subscription Contract for expected $1.5m+

For Immediate Release
28 August 2023 (all numbers are NZ$ unless stated otherwise)
IKE wins Subscription Contract for expected $1.5m+
Supporting a Customer that is Assessing more than One Million Distribution Assets

ikeGPS Group Limited (ASX/NZX:IKE) or IKE, today announces:
 That it has signed a new subscription contract with a large U.S.-wide infrastructure
customer, in this instance supporting a network assessment in California.
 This customer contract is expected to generate approximately $1.5m or greater of
subscription revenue in the coming 18 to 24 months.
 This is a contract extension following an initial proof of concept deployment.
 This customer is utilizing the IKE software platform to speed the engineering assessment
of ultimately more than one million distribution network pole assets.

IKE CEO Glenn Milnes commented, “The growth across this infrastructure customer further
demonstrates the value that the IKE platform provides to communications companies and
electric utilities, and our ability to expand the use of our platform over time across customers.
The initial contract with this customer is large, however there are opportunities to deliver
significantly more IKE capability into this group over time. This customer also represents the
new and large market opportunity for IKE in California, with recent regulatory requirements
requiring all pole owners to perform a full engineering assessment of their networks. IKE
products dramatically increase the speed, quality, and safety for the construction and
maintenance of distribution assets. Our broader in-market momentum with existing customers
and targets gives us a high degree of confidence for strong long-term growth.”


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 revenue engine for IKE is driven by both the number of users within enterprise customers
subscribing to the IKE platform and the volume of assets (called Transactions) being processed
through 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
329 Interlocken Parkway, Suite 120, Broomfield CO 80021, USA
Office: +1 303 222 3218
www.ikegps.com