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clock Created with Sketch. 23/08/23
18:05
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In the wake of the hysteria over the Q receipts while completely ignoring A$1.8M in cash receipts collected for July, I believe the market has got this wrong. Everything stated about the grid resilience/hardening programs for US customers is in the multiples. This isn't just about FPL/Entergy. These are nationally strategic US-wide utility power network upgrades endorsed and financially supported with grants by the Whitehouse. Expected to revert to cashflow positive Q1 FY24 and beyond. Australian large enterprise customer annual renewals complete. further extended Pointerra3D’s power distribution analytics capability into the strategically important grid resilience and hardening programs being undertaken by a growing number of US energy utilities. the use of Pointerra3D is delivering material savings in both time and cost, allowing utilities and their EPC contractors to meet program timetables in a time of limited people and materials resources. Q2 R&D Update – Customer Facing Enhancements to support upcoming acceleration of usage from electrical utility customers undertaking large scale pole hardening programs. Next Generation Poles and Wires analytics now released to customers. This provides a step-change in scalability for storing and viewing electrical utility analytics, supporting unlimited size datasets via dynamic tiling and loading strategies. The journey to enterprise-wide deployment with FPL provides a valuable blueprint for scaling across other Investor-Owned Utilities (IOU’s) in the US. This proven process is being applied to accelerate onboarding and growth with customers and prospects within the US power utility market a During the quarter the US Utilities team met with Senior Executives from FPL and Entergy to demonstrate the value and capability of Pointerra3D to support planning and prioritisation for essential electric utility grid resilience (hardening) programs. Entergy are planning a 10 year, US$10B program to improve the ability of their network to withstand the impact of major weather events. The FPL program of grid hardening is widely regarded as best practice and relies heavily on Pointerra3D as a mechanism to identify highest risk areas and determine priorities for pole replacement activities.
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Fantastic summary. Much appreciated for the time and effort you put in. It all paints an extremely rosy outlook and I to, am bullish , however what are we all missing. This thing is tanking and a few more bad days like today and we will be back to when big bev first jumped on. So many achievements since then imo. The summary you gave would have been great to hear in an investor seminar coming out of Ian’s mouth to put everyone at ease. ( including myself). No directors buying also at theses prices is a slight concern. Thoughts?
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