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IQG Iqgeo Group Plc

410.00
4.00 (0.99%)
24 Apr 2024 - Closed
Delayed by 15 minutes
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
  4.00 0.99% 410.00 400.00 410.00 415.00 405.00 405.00 129,276 16:35:23
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Communications Services, Nec 44.49M 4k 0.0001 40,500.00 249.39M

IQGeo Group PLC IQGeo selected by WAPA for inspection processes

15/06/2021 9:00am

RNS Non-Regulatory


TIDMIQG

IQGeo Group PLC

15 June 2021

RNS REACH

IQGeo Group plc

(the "Company" or the "Group")

IQGeo selected by WAPA for inspection processes

IQGeo (AIM: IQG), a developer of geospatial productivity and collaboration software for the telecoms and utility industries, is pleased to announce that it has been selected by the US Western Area Power Administration (WAPA) to support their electrical transmission line inspection process. This new project will see the WAPA team using the IQGeo geospatial software in combination with its Inspection & Survey application. The software will be used by field teams conducting ground and aerial helicopter inspection patrols, and vegetation surveys.

WAPA is one of only four Power Marketing Administrations within the US Department of Energy whose role is to market and safely transmit electricity across the US. WAPA is responsible for a 15-state region of the central and western US, supporting a transmission system of more than 17,000 circuit miles from 57 clean, renewable hydropower plants.

The IQGeo software will integrate with WAPA's existing GIS and IBM Maximo Enterprise Asset Management software. IQGeo's Inspection & Survey application will support workflows that enable field crews on the ground and in the air to rapidly complete field inspections that can be shared with office-based staff for inspection status reporting.

Richard Petti, CEO, commented that "This exciting announcement with WAPA represents IQGeo's largest contract win with a US federal government authority. WAPA's selection of our software highlights the role our mobile-first and cloud-native technology can play in helping to secure the safe operation and reliable transmission of a critical US federal energy network. We look forward to a very long and productive relationship with the WAPA team."

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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(END) Dow Jones Newswires

June 15, 2021 04:00 ET (08:00 GMT)

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