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ikeGPS (ASX:IKE) - CEO, Glenn Milnes (left)
CEO, Glenn Milnes (left)
Source: ikeGPS
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  • ikeGPS Group (IKE) has signed a long-term contract with a national engineering services provider, operating across the U.S. communications and utilities market
  • The contract with the ESP will translate to around $0.7 million in revenue per year
  • Additionally, Crown Castle International (CCI) is standardising the IKE Platform for pole-related 5G and fibre deployment processes
  • Over the past quarter IKE has deployed its systems into eight of Crown Castle’s regions
  • ikeGPS is up 5.81 per cent, trading at 91 cents

ikeGPS Group (IKE) has won a material long-term contract with a national engineering services business, operating across the U.S. communications and utilities market.

The contract with the engineering services provider (ESP) will translate to around $0.7 million in revenue per year.

“We are also pleased to have closed this large and long-term contract with an important national ESP,” said IKE CEO Glenn Milnes.

“The expected revenue from this ESP contract is $0.7 million per annum based on run rate IKE Platform usage.”
 
Crown Castle International (CCI), a provider of communications infrastructure for cell towers, small cells and fibre in the U.S., is also standardising the IKE Platform for pole-related 5G and fibre deployment processes.

Over the past quarter IKE has deployed its systems into eight of Crown Castle’s regions.

“Our objective is to get CCI networks built and to market faster, be it fibre or 5G construction, where the IKE platform has proven to more than double their pre-construction speeds for network deployments,” said Glenn Milnes.

“The majority of the revenue opportunity for IKE relating to CCI standardization however comes from their 200 engineering service providers, as opposed to CCI itself.”

ikeGPS is up 5.81 per cent, trading at 91 cents at 2:15 pm AEDT.

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