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Share Name Share Symbol Market Type Share ISIN Share Description
Iqgeo Group Plc LSE:IQG London Ordinary Share GB00B3NCXX73 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00 -1.75% 112.50 111.00 114.00 116.00 112.50 114.50 38,974 14:34:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 9.2 -4.4 -8.2 - 64

IQGeo Group PLC Contract Win

29/01/2021 7:00am

RNS Non-Regulatory


TIDMIQG

IQGeo Group PLC

29 January 2021

IQGeo Group plc

(the "Company" or the "Group")

IQGeo secures large contract with major telecoms operator in Canada

IQGeo Group plc (AIM: IQG) is pleased to announce a large contract for software and services with a major telecoms network operator that serves more than 3.2m customers in central and western Canada. The new customer contract has an order value to be recognised over the next two financial years of GBP1.3m for perpetual software licences, associated implementation services, and annual maintenance and support.

The new customer will deploy the IQGeo Platform and Workflow Manager software to create a situational awareness and operations support solution designed to accelerate fibre rollout time-to-market and improve customer satisfaction. Using the IQGeo Platform they will integrate a wide range of spatial, operational, and business support systems into a single common geospatial view that will be used by office or mobile field teams, whether online or offline. This provides field crews with a powerful comprehensive view of their network together with maintenance and operational workflows to improve field productivity and reduce the cost and complexity of managing multiple conflicting applications.

Richard Petti, CEO at IQGeo, said : "This new announcement is on the back of a large customer win we secured with another Tier 1 Canadian telecoms provider at the end of 2020. We have now established 4 of the top 5 Canadian telecoms operators as IQGeo customers and look forward to deploying and growing these accounts over time as they add new users and roll out additional applications to support business critical activities across their entire operational lifecycle. Our large Tier 1 customers around the world provide a strong recuring revenue base for our business and enable long-term growth opportunities as we expand the use of our software with different departments and teams. We are very pleased and excited to be working with this new Canadian customer."

For further information contact:

IQGeo Group plc +44 1223 606655

Richard Petti

Haywood Chapman

finnCap Ltd +44 20 7220 0500

Henrik Persson, Matthew Radley (Corporate Finance)

Tim Redfern, Richard Chambers (ECM)

Notes to Editors

About IQGeo

IQGeo(TM) (AIM: IQG), a leading developer of geospatial software, delivers improved productivity and collaboration across enterprise planning, design, construction, maintenance and sales processes for telecoms and utility network operators. Our mobile-first enterprise solutions create and maintain an accurate view of complex network assets that is easily accessible by anyone, wherever and whenever needed. Specialized applications combined with our open IQGeo Platform help network operators create a single source of network truth to meet their digital transformation ambitions and operational KPIs. Our award-winning, cloud-enabled solutions save time and money, and improve safety and productivity, while enhancing customer satisfaction. Headquartered in Cambridge, with offices in Denver, Frankfurt and Tokyo, we work with some of the largest network infrastructure operators in the world. For more information visit: www.iqgeo.com/

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January 29, 2021 02:00 ET (07:00 GMT)

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