UBI Ubisense

TIDMIQG

IQGeo Group PLC

09 February 2023

IQGeo Group plc

(the "Company" or the "Group")

Global Top 5 telecom operator extends use of IQGeo for integrated Project and Construction Management software

IQGeo (AIM: IQG), a developer of geospatial productivity and collaboration software for the telecoms and utility industries, is pleased to announce the extension of its existing relationship with a Global Top 5 telecom operator.

This follow-on contract for IQGeo's integrated Project and Construction Management software is in line with expectations, is co-termed with the original 3-year deal and has a further software subscription value of US$4.2 million (US$1.5 million ACV) and US$0.5 million of services. This follow on contract demonstrates the expansion and upsell opportunities afforded by the integrated software suite. The integrated Project and Construction Management software will streamline processes associated with the build out of fibre networks that were planned using IQGeo's fibre network planning and design software.

The IQGeo integrated Project and Construction Management software seamlessly complements the fiber planning and mobile software previously sold and will play a key role in one of the largest FTTx and 5G build outs in the US, supporting millions of new customers in communities across the country. This fully integrated digital solution will streamline processes to alleviate inefficient resource bottlenecks and data silos by providing a common planning, design, and field walkout platform for internal staff and external contractors.

Richard Petti, CEO, commented that " We are extremely pleased to be expanding our relationship with this strategic US-based customer. We will begin with a production deployment in selected areas with a view to a nationwide rollout in subsequent phases. This expansion continues the trend of Tier 1 operators purchasing new business systems to design, build and operate their next generation communications networks and this partnership demonstrates the important role that IQGeo is playing in the global effort to bring fibre broadband and mobile communications to communities worldwide ."

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, Charlotte Sutcliffe (ECM)

Notes to Editors

About IQGeo

Telecommunications and utility operators are "Building better networks" with IQGeo's award-winning software solutions. 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 enterprise solutions, OSPInsight fiber management, and Comsof automated design software. We partner with large multinationals and smaller regional operators to deliver the digital innovation they need to increase network resilience, operational safety, and business ROI.

For more information visit: www.iqgeo.com/

Copyright (c) 2023, IQGeo UK Limited. IQGeo is a registered (R) trademark

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word "Reach" in the source column of the News Explorer pages of London Stock Exchange's website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRAFFFEVFEITIIV

(END) Dow Jones Newswires

February 09, 2023 02:00 ET (07:00 GMT)

Ubisense (LSE:UBI)
Historical Stock Chart
From Nov 2024 to Dec 2024

Ubisense (LSE:UBI)
Historical Stock Chart
From Dec 2023 to Dec 2024