Ann: GENERAL: IKE: Master Purchase Agreement and Licencing...

• Release Date: 18/11/14 08:30
• Summary: GENERAL: IKE: Master Purchase Agreement and Licencing Agreement with Stan
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					IKE
18/11/2014 08:30
GENERAL

REL: 0830 HRS ikeGPS Group Limited (NS)

GENERAL: IKE: Master Purchase Agreement and Licencing Agreement with Stan

November 18, 2014
Master Purchase Agreement and Licencing Agreement with Stanley Black &
Decker, Inc.
Agreements extend ikeGPS' reach into the global Construction and DIY markets
ikeGPS ("ike") has announced that it has entered into agreements with Stanley
Black & Decker Inc, ("SBD"), the global tool & equipment supplier and Fortune
500 Company, to manufacture, brand and have distributed by SBD, a smart phone
measuring solution based around core ike intellectual property.  Under the
agreements a SBD-branded mobile software app will also enable users to
subscribe to additional features and measurement capabilities.
ike CEO Glenn Milnes said, "This relationship is an exciting development for
us, providing access to SBD's worldwide network of retailers and distribution
partners in the construction and DIY industries, and providing a highly
recognised and trusted brand to assist with the sale of our solutions.  This
arrangement further supports our objective to build out a subscription-based
software offering for targeted sectors - in this case within the
Architecture, Engineering and Construction market."
This is the third agreement ike has reached with industry market leaders in
2014. In January, General Electric entered into an agreement with the
Wellington-based company in relation to its electric utility solution, now
rebranded GE MapSight. Earlier in October it announced a contract with
In-Q-Tel relating to the US intelligence and defense market.
The agreements with SBD are expected to underpin at least the revenue of
$1.47m set out in the company's June prospectus projected from an Original
Equipment Manufacturing channel in FY 2015/16, and are expected to generate
modest contract revenue in both FY 2014/15 and FY 2015/16.
A further update on the company's performance will be provided with the
interim financial report for the 2014/15 half year.
About ikeGPS Limited
ikeGPS' mission is to revolutionize every measurer's day. Its field data
collection and asset management solutions have been adopted around the world
and are used in in a variety of industries including Utility, Telecom,
Government/Defense, and Engineering. The Company has a Trademark Agreement
with General Electric and markets its Electric Utility solution as GE
MapSight.
The company recently introduced Spike, the world's first laser accurate
Smartphone measurement solution. ikeGPS' global sales and marketing
headquarters is based in Colorado USA. ikeGPS Group is listed on the main
board of the New Zealand Stock Exchange under the stock symbol IKE. For more
information, visit www.ikegps.com.
The company recently introduced Spike, the world's first laser accurate
Smartphone measurement solution.  ikeGPS' global sales and marketing
headquarters is based in Colorado USA. ikeGPS Group is listed on the main
board of the New Zealand Stock Exchange under the stock symbol IKE . For more
information, visit www.ikegps.com.
Contacts:
Contact:
Glenn Milnes, Chief Executive Officer & Managing Director
Phone: +64 2102479857
Email: [email protected]
End CA:00257768 For:IKE    Type:GENERAL    Time:2014-11-18 08:30:05