IQGeo Group PLC IQGeo selected by a major Japanese power provider

TIDMIQG

IQGeo Group PLC

10 October 2019

IQGeo software selected by a major Japanese power provider

Cambridge, 10(th) October 2019 - IQGeo Group plc (AIM: IQG) today announces a new contract with one of Japan's largest power providers.

In September, Eastern Japan was hit by category 4 Typhoon Faxai, which resulted in power failure for over 640,000 homes. This customer worked with IQGeo, and its partner NESIC, to implement its geospatial platform. IQGeo's mobile-first architecture enabled real time sharing of information to help restore power quickly and efficiently across the affected area.

The success of this rapid deployment exercise has led to IQGeo winning a contract to roll out the platform to an initial 500 users, making this latest win IQGeo's largest customer in Japan.

Richard Petti, CEO at IQGeo, said: "We understand how important safety is to our customers and we were pleased that our product played an integral role into restoring power to the areas affected by Typhoon Faxai. We have a long-standing history of working closely with our utility customers following natural disasters and providing exceptional support during major disruptions. We're delighted with our latest signing in Japan and we look forward to continue expanding our market share in collaboration with our partner NESIC."

For further information contact:

IQGeo Group plc [phone]

Richard Petti

Tim Gingell

finnCap Ltd [phone]

Henrik Persson, Anthony Adams (Corporate Finance)

Tim Redfern, Richard Chambers (ECM)

   Tulchan Communications LLP                                                        [phone] 

James Macey White, Matt Low, Deborah Roney

Notes to Editors

About IQGeo

IQGeo(TM) (AIM: IQG) a leading developer of geospatial software for the telecommunications and utility industries, accelerating productivity and collaboration across enterprise planning, design, construction and maintenance processes. Our reality-centric solutions create and maintain a real-time, accurate view of complex network assets, dramatically improving data quality and currency. IQGeo's open, mobile-first architecture streamlines operational processes using any device, in the office or in the field, enabling greater business collaboration. We help network operators meet their digital transformation ambitions, saving time and money, while improving safety and 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: https://www.iqgeo.com/

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

NRALIFSEIFLILIA

(END) Dow Jones Newswires

October 10, 2019 02:00 ET (06:00 GMT)