Why would Pointerra get left behind as the industry matures?
Why would they not continue to grow with it?
Other than healthy competition, what evidence is there that Pointerra is now at risk of being overtaken?
Perhaps a more relevant question might be, are some of these 'competitors' looking over their shoulder at what Pointerra is achieving, and thinking maybe THEY are in danger of being overtaken and disappearing into irrelevance?
Why would DOE select Pointerra as their preferred solutions provider and program lead if they were going to disappear into irrelevance?
Reminder Mar Q #1:
During Q3 the US team submitted a material funding application for a federally funded digital twin program as the program lead with a consortium of North-East US electric utilities and academic institutions. If successful, the program will demonstrate the application of digital twins in managing the impact of climate change on power distribution system. In addition to delivering revenue, the project will provide additional endorsement for the Pointerra3D platform in the important area of grid resilience. An award decision is expected during Q4 FY24.
Didn't take DOE long to say yes.
Reminder Mar Q #2:
Update on Amazon Program. The Amazon distribution centre digital twin program continues to experience delays, with re-commencement now projected for Q4 FY24. Despite these delays, customer engagement and planning remains active as we prepare execution and implementation plans. The Company is confident that once re-initiated, the program will proceed and scale to the level announced to the market on 31 January 2023, backed by strong customer support.
Reminder Mar Q #3
During the quarter Pointerra3D also received technical sign off for an Analytics solution developed to calculate mill volumes and crusher
dimensions for a US mining company that has numerous operations across Arizona and South America. Pointerra’s team is finalising commercial terms for a master services agreement that will allow the progressive roll out of the Analytics solution across approximately 8 sites over the next 12 months. The new solution is applicable across a broad range of mining operations and is expected to become a key value offering for Pointerra3D’s mining solutions portfolio.
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