- ikeGPS has signed a contract for its IKE Analyze technology with a US communications company to speed up deployment of a 5G mobile network
- The contract is with one of the largest communications infrastructure companies in the American market and is worth a potential $450,000
- IKE boasts half the costs and double the productivity through its pole-measuring technology
- This contract awards comes as part of IKE’s strongest quarter yet for solution contract awards
ikeGPS has signed a contract for its IKE Analyze technology with a US communications company to speed up deployment of a 5G mobile network.
According to IKE management, the contract is with one of the largest communications infrastructure companies in the American market. The contract is worth an initial $150,000 but is expected to grow to roughly $450,000 by the end of next year.
The IKE Analyze technology is a mobile tool designed to measure poles and wires. The device uses an Android interface to combine six sensors, allowing users to accurately capture all necessary measurements of a pole in a single photograph.
IKE boasts half the costs and double the productivity for users who adopt its IKE Analyse technology, and the company aims to set the standard for collecting, managing and analysing pole and overhead asset information.
IKE CEO Glenn Milnes said the contract follows recent pilots in several US states, and acts as validation for the application and value of its technology for 5G mobile network deployment.
“The 5G network development market opportunity in the US is large, emerging quickly and is additive to the very large fibre market opportunity where IKE Analyze has established a clear value proposition,” Glenn said.
He added that successful delivery of the technology has the potential to result in sales to several other regions.
“We are winning customers because IKE Analyze enables networks to be deployed faster and with a higher quality data standard and we expect that more of the larger players in the North American market will become IKE Analyze customers,” he said.
According to Glenn, this contract awards comes as part of IKE’s strongest quarter yet for solution contract awards.
IKE shares are down 1.92 per cent today, trading at $0.51 per share compared to the last closing price of $0.52 per share.