Ann: US$2 million Contract Extension from US Department of Energy, page-7

Superb outcome. An extension to the original contract with an uplift in value. Couldn't ask for more.

Some interesting language in the ann:

The Program results will again produce a best practice approach that the DOE intends to be scalable across multiple regions throughout North America.

This Program extension provides Pointerra further invaluable exposure and validation of its Pointerra3D digital twin solution for the US electric utility sector, which is collectively engaged in multi-billion dollar, multi-year grid resilience investment programs.

If the contract extension wasn't evidence enough, the language confirms the first Program of works has met all the DOE requirements and will do so again. With the US electric utility sector being collectively engaged suggests the delays in the infrastructure investment have been resolved and the focus now is on implementation throughout North America.

This is a BIG deal for Pointerra. Well done IO and all the team.