RCS - IQGeo Group PLC - Tier 1 US utility selects IQGeo

IQGeoAnnouncement

06/12/2023 07:00

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RNS Number : 7608V  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/ (http://www.iqgeo.com/)

 

 

Copyright © 2023, IQGeo UK Limited. IQGeo is a registered ® trademark

 

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