IQGeo Group PLC Tier 1 US utility selects IQGeo
06 December 2023 - 6:00PM
RNS Non-Regulatory
TIDMIQG
IQGeo Group PLC
06 December 2023
Reach
IQGeo Group plc
(the "Company" or the "Group")
Tier 1 US utility selects IQGeo software to mobilise
build-to-operate workflows
IQGeo (AIM: IQG), a developer of geospatial software that is
"Building better networks" for telecom and utility operators, is
pleased to announce that a major tier 1 multi-service utility in
the US selected the IQGeo software to mobilise field workflows
across its electric and gas operations. The utility provides
transmission and distribution services to over 5 million customers
across eight states and will be using IQGeo software licenses to
support field crews managing its electric grid and gas network. The
total value of the project is approx. $3.0 million encompassing
software licenses with ongoing maintenance and support, and
professional services over a 5-year period.
The new contract was awarded in a highly competitive bid process
and IQGeo was chosen for its industry leading mobility and work
execution software, and the ability to access and integrate the
utility's multiple GIS and operational data systems. The IQGeo
mobile geospatial software will support complex workflows across
gas and electric operations for mobile use cases that include
inspection and survey, as-built validation, and network fault
tracing. The mobile solution provides a single integrated
environment that reduces operating costs, improves network data
quality, streamlines compliance reporting, and enhances grid
safety.
Richard Petti, CEO, commented that "This project win perfectly
illustrates the flexibility of our software architecture and the
potential of the utility industry for our business. Electric grid
and gas network field operations are complex and multi-disciplined,
and our software is dramatically improving process efficiency
across network construction and operations. We are at the beginning
of a major investment phase for the utility industry as it
redesigns its networks to meet net zero carbon objectives. I expect
this investment to parallel the growth cycle we saw in the telecom
industry in previous years with a strong trajectory for the next
decade, and IQGeo is well positioned to benefit from this large
capex cycle."
For further information contact:
IQGeo Group plc +44 1223 606655
Richard Petti
Haywood Chapman
Cavendish Capital Markets Limited +44 20 7220 0500
Henrik Persson, Seamus Fricker (Corporate Finance)
Tim Redfern, Charlotte Sutcliffe (ECM)
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Notes to Editors
About IQGeo
Telecommunication, fiber, and utility operators are "Building
better networks" with IQGeo's award-winning network management
software. The ability to powerfully model any network requirement,
integrate every system and data source, and support field and
office teams with continual innovation is helping operators create
the networks of the future. Our solutions ensure greater cross-team
collaboration and process efficiency throughout the network
lifecycle, from planning and design to construction, operations,
and sales.
Whether it's highly competitive fiber and 5G broadband rollouts
or complex utility grid modernization projects, customers trust
IQGeo's Integrated Network and Adaptive Grid solutions. We partner
with large multinationals and smaller regional operators to deliver
the digital innovation they need to accelerate time-to-revenue,
increase network resilience, improve operational safety, and
deliver ROI.
For more information visit: www.iqgeo.com/
Copyright (c) 2023, IQGeo UK Limited. IQGeo is a registered (R)
trademark
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END
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