IQGeo Group PLC US operator selects IQGeo to replace competitor

TIDMIQG

IQGeo Group PLC

18 April 2023

REACH

IQGeo Group plc

(the "Company" or the "Group")

Large US telecom operator selects IQGeo to replace competitor

Carbon Neutral status

IQGeo (AIM: IQG), a developer of geospatial software that is "Building better networks" for telecom and utility operators, is pleased to announce that IQGeo's OSPInsight fibre network management software has been selected by a rapidly growing large tier 1 telecom operator in the US to replace a competitor's solution. This is a significant contract for IQGeo's SMB software division (having a subscription value of US$500k over three years plus over $2.0 million in professional services to be recognised this year), reflecting the success of this team in securing larger customers.

Operating in multiple markets across southern states, the operator has grown significantly through organic expansion and acquisition. With their existing ESRI-based mapping software unable to meet their increasingly complex requirements, they turned to IQGeo for an optimised fibre network management and workflow solution. The first phase of this project employs IQGeo's fibre industry experts to migrate network data from disparate systems into a single shared System of Record (SoR). This initial deployment has significant future expansion potential as the customer rolls out software to field teams and expands applications into planning, construction, and maintenance operations.

The Company is also pleased to report that it has for the second consecutive year received Carbon Neutral Organisation status for its 2022 carbon footprint assessment. Following a best practice framework from the Defra/BEIS and Greenhouse Gas Protocol reporting standards, IQGeo completed a thorough carbon footprint analysis and offset its carbon emissions. As the company grows, IQGeo is working to mitigate carbon emissions and was able to report a decline in carbon emission per employee in 2022 compared to our 2019 reference year.

Richard Petti, CEO, commented that "We're pleased to see this major US fibre network operator choose IQGeo for the quality of our software and the industry expertise of our service team. This is a large contract for our SMB division and another example of our success in replacing legacy competitive systems with our innovative software. We are confident that future project phases with this new customer will require expansion in the number of IQGeo software licenses and in the range of applications we can provide."

"As we have communicated previously, decarbonisation is an important objective for many of our telecom and utility customers. Not only does our software enable essential network modernisation to meet net-zero objectives, but our status also helps to decarbonise their supply chain. In 2023 we will continue to work with our team to look for opportunities to reduce our overall and individual emissions. As an organisation, we are committed to doing our part to reduce the impact of climate change for future generations."

For further information contact:

   IQGeo Group plc                                                           [phone] 

Richard Petti

Haywood Chapman

   finnCap Ltd                                                                  [phone] 

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 modernisation 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

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April 18, 2023 02:00 ET (06:00 GMT)