It's likely that at least one weapon of mass wealth creation will be set off this month?
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."
