IKE
15/05/2015 08:30
GENERAL
NOT PRICE SENSITIVE
REL: 0830 HRS ikeGPS Group Limited (NS)
GENERAL: IKE: ikeGPS CEO and CTO move to the United States
ikeGPS CEO and CTO move to the United States
- Key members of company's executive team relocate to bolster US and global
expansion plans -
(Broomfield, Colo.) - ikeGPS (NZX:IKE) announced today that Glenn Milnes,
Chief Executive Officer and Managing Director, and Leon Toorenburg, Chief
Technology Officer and Director, are relocating from the Wellington, New
Zealand headquarters to the company's Broomfield, Colorado sales & marketing
office.
The US represents the largest near-term market opportunity for sales,
partners, and investors for ikeGPS. Having both Milnes and Toorenburg based
in the US bolsters global expansion plans and enables the company to better
capitalize on North American-based opportunities. The majority of ikeGPS'
current customer base for its core products, OEM channel, and contract
services are located in the US.
From its early beginnings with the US Army Corp of Engineers, ikeGPS has
found success in the US market. GE MapSight is becoming a standardized
solution with US-based Utility and Telecom companies. Spike has been adopted
by hundreds of US-based small and medium size businesses, helping them to
modernize how physical measurements are gathered and shared. In addition,
current ikeGPS partners - General Electric (GE), IN-Q-TEL, Stanley Black &
Decker, ESRI, and others - are all headquartered in the US.
Milnes, a native New Zealander, has worked extensively in the US market over
the past decade. During his tenure with ikeGPS, Milnes has spent significant
time in the US leading ikeGPS strategic partnership development and many of
its largest revenue producing customer engagements. Prior to ikeGPS, Milnes
spent many years engaged in the Americas market with No 8 Ventures and prior
to that with Cable & Wireless International.
Toorenburg is the founder of ikeGPS and has many years' experience working
with the US Federal Government and the Geospatial community throughout the
evolution of the business. With the move to the US, Toorenburg will lead
product research, advance the company's intellectual property strategy, and
will be market-facing support for customer and partner engagements.
The New Zealand office will continue to be the company's center for software
and hardware engineering, manufacturing, and corporate functions including
finance & accounting. The day-to-day management of the Wellington office will
be led ikeGPS' Chief Financial Officer, Gael Hargreaves, and Head of Software
Engineering, Peter Shaw.
"Leon and I are excited to be working alongside the talented sales and
marketing leadership that we have assembled in the US since our IPO last
year," says CEO Glenn Milnes. "Over the past three years I've personally
logged hundreds of thousands of flight miles between New Zealand and the
United States. Relocating to the US will improve our ability to better target
and react to customer and partner needs as we continue to aggressively grow
the business."
About ikeGPS
ikeGPS is changing the way the world is measured, utilizing its smart laser
measurement solutions to capture, record and export measurement data.
Electric utility, telecom, government, engineering, construction, real
estate, signage, and other field data collection-based professionals use
ikeGPS products to modernize the way measurements are taken and shared.
Spike, a laser accurate Smartphone measurement solution, and GE MapSight, an
all-in-one customizable field data collection solution, uniquely combine
intelligent software and hardware into comprehensive but simple-to-use tools.
With an ike photograph, you can capture measurement, distance, location and
other data in real time, significantly improving business process, user
productivity and safety.
ikeGPS is headquartered in Wellington, New Zealand and is listed on the New
Zealand Stock Exchange under the stock symbol IKE. The company's sales and
marketing organization is based in Broomfield, Colorado, which supports
global efforts in the Americas, EMEA, and APAC. For more information, visit
www.ikegps.com.
GE is a trademark of General Electric Company and is under license by ikeGPS
Ltd, 42 Adelaide Road, Wellington 6021, New Zealand.
Contact
Jeff Ross, CMO
ikeGPS, Inc.
+1 303- 222 3218 x700
[email protected]
End CA:00264331 For:IKE Type:GENERAL Time:2015-05-15 08:30:20
