IQGeo Group PLC IQGeo Selected by Major US Electrical Utility Firm
December 16 2021 - 5:29AM
RNS Non-Regulatory
TIDMIQG
IQGeo Group PLC
16 December 2021
IQGeo Group plc
(the "Company" or the "Group")
IQGeo selected by major US electrical utility to support grid
modernisation and decarbonisation initiatives
IQGeo (AIM: IQG), a developer of geospatial productivity and
collaboration software for the telecoms and utility industries, is
pleased to announce that its software was selected by a major
investor-owned electrical utility provider in the United States.
The new contract is worth more than US $2.0 million over 3 years
for software, maintenance, and support, providing the customer with
access to certain modules within IQGeo's geospatial software suite.
This expansion project will use a range of IQGeo technology for
field design, disaster response, and mobile inspection and survey
applications. The contract also includes the first deployment of
IQGeo's new Network Manager Electric software that delivers
comprehensive network planning and design capabilities. Network
Manager Electric creates a powerful digital network twin that will
play a strategic role in the company's ambitious grid modernisation
and decarbonisation plans.
With distributed energy generation and the global push for
decarbonisation, electrical network operators are embarking on
once-in-a-generation grid modernisation initiatives. These
initiatives are supported by massive public and private sector
investments to help realise the imperative of smart, green,
resilient networks. As one of the most innovative electrical
network operators in the US, this customer is leading the industry
in tackling the challenge of creating a zero-carbon network and the
IQGeo software will support this effort by improving network
intelligence and operational efficiency across their entire
operational lifecycle.
IQGeo recognised that complex, centralised legacy GIS software
cannot support the speed, collaboration, and real-time data needed
to create and maintain the networks of the future. In response, the
IQGeo Network Manager Electric software has been designed with
agility and flexibility at its core to support the demands of a new
net zero electrical network architecture. Network Manager Electric
will help this customer and other operators dramatically accelerate
their planning and design processes and give them the agility and
visibility to manage rapidly changing network requirements.
Richard Petti, CEO, commented that "We are excited about the
opportunity to partner with such a forward-thinking operator and
contribute to the important shift to zero-carbon electrical
networks. As an industry change-maker, this network operator has a
clear imperative shared with IQGeo to accelerate all aspects of
their operations to plan, construct and maintain smart networks. We
are confident that our software and team of experts will give them
the foundation needed to be successful with their network
modernisation and net zero objectives."
For further information contact:
IQGeo Group plc +44 1223 606655
Richard Petti
Haywood Chapman
finnCap Ltd +44 20 7220 0500
Henrik Persson, Seamus Fricker (Corporate Finance)
Tim Redfern, Richard Chambers (ECM)
Notes to Editors
About IQGeo
IQGeo(TM) (AIM: IQG), delivers award-winning geospatial software
solutions to telecommunication and utility network operators around
the world ranging from large multinationals to smaller regional
providers. The IQGeo software suite improves productivity and
collaboration across enterprise planning, design, construction,
maintenance, and sales processes reducing costs and operational
risks while enhancing customer satisfaction. Our mobile-first,
cloud-native software helps companies create and maintain an
accurate view of their increasingly complex network assets that is
easily accessible by anyone, wherever and whenever needed. Whether
using our Enterprise IQGeo Platform or targeted OSPInsight fiber
planning and design software, we enable a "System of Action" that
breaks down information silos, improves data quality and
accelerates decision making. Headquartered in Cambridge, with
offices in Denver, Salt Lake City, Frankfurt and Tokyo, we work
with some of the largest network infrastructure operators in the
world. For more information visit: www.iqgeo.com/
Copyright (c) 2021, IQGeo UK Limited. IQGeo is a registered (R)
trademark
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