The geospacial imaging market is $6 billion per year, see latest ASX presentation on market size. Nearmap is a good comparison but market is much bigger than nearmap. In simple terms flying at 20,000 or 30,000 feet means you can reduce cost per sqm of imaging and Spookfish captures hundreds of images per second in high resolution using multiple cameras in an array on an aeroplane. This is what it has a patent for. Because they fly at 20 to 30 000 feet they capture more area in a faster time period, they could capture greater Sydney twice a day
Big clients/customers that need land surveys at a higher resolution than satellite imagery are governments. Governments need to save money more so today and Spookfish saves 75-85% of this cost. Spookfish is the kind of disruptive technology that not only saves money but increases productivity
SFI Price at posting:
7.7¢ Sentiment: Buy Disclosure: Held