• Aerometrex commences Strategic Review led by Acting CEO Rob Veitch
• Significant sales pipeline across MetroMap, LiDAR and 3D divisions
• Focus on initiatives to convert pipeline into profitable execution

Aerometrex Limited (ASX: AMX) has announced that it has commenced a Strategic Review of the business following the appointment of Mr Rob Veitch as Acting Chief Executive Officer. The Strategic Review will be led by Mr Veitch with support from the Board and Executive Team, and will focus on a number of key objectives. The Company believes there is a significant valuation disconnect between its current market value and the emerging business forecasts across its three divisions - MetroMap, LiDAR and 3D. The review will involve benchmarking the individual business units' value using various valuation methodologies, as well as investigating initiatives to drive revenue, particularly in the high-growth MetroMap business, reduce costs and improve margins across all three business units, and prioritize activities that accelerate the Company to profitability. The Company also confirms that it has recently received a number of unsolicited corporate approaches, which will be evaluated as part of the Strategic Review. The review is expected to be completed over the next 2 months, with key outcomes to be advised in due course.

The Strategic Review will focus on initiatives to convert the Company's significant sales pipeline into profitable execution through cost optimisation and margin growth, with the aim of unlocking the true value of the business for shareholders.