3DP 1.59% 6.2¢ pointerra limited

Ann: Enterprise Sales & ACV Update, page-116

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    June 2020 Quarter Activites And Cash Flow Report (23 July 2020)
    https://www.asx.com.au/asxpdf/20200723/pdf/44krnqfcsdn56w.pdf

    "During the quarter the Company progressed a number of ongoing enterprise POC projects and subsequent to quarter end, successfully concluded the most advanced of these projects with Pacific Gas and Electric (PG&E).

    PG&E is one of the largest energy utilities in the US with more than 5 million customers and is currently emerging from US Chapter 11 Bankruptcy proceedings, which were triggered by the Northern Californian Wildfires in 2017 and 2018.

    As part of PG&E’s restructure and recapitalisation process, Pointerra has been working with PG&E and its adviser Accenture on an enterprise POC to demonstrate and quantify the value created by Pointerra’s cloud platform for 3D geospatial data across a range of diverse PG&E business units.

    The POC has now been successfully completed and the Company is working with PG&E and Accenture to negotiate an initial commercial enterprise agreement for the deployment of Pointerra’s platform, which is expected to make PG&E the Company’s largest customer and also have a material impact on ACV growth.

    The Company expects to be able to finalise and announce to the market the quantum and key terms of an enterprise agreement with PG&E during Q1 FY21."
    Last edited by glutenfree: 04/09/20
 
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