Pointerra Wins Major US Utility Contract
Key points
- Long-term contract with US energy utility PG&E
- Pointerra3D Core and Analytics to be deployed enterprise-wide
- Contracts worth US$0.49 million (A$0.70 million)
Full summary
Pointerra Limited (ASX: 3DP) has announced the award of multiple contract awards from existing US energy utility customer Pacific Gas & Electric (PG&E). PG&E has deployed Pointerra3D Core out to mid-2027 to host, manage, maintain and share their entire geospatial land survey data catalogue (dating back to 2006) for enterprise-wide access and use. PG&E has also committed to an annual contract through 2026 to deploy Pointerra3D Analytics across the data catalogue, focused on emergency management change reporting and replacing legacy desktop workflows with cloud-native processing solutions. The contract awards are subject to normal commercial terms and conditions and represent a significant expansion of Pointerra's relationship with PG&E, a major US energy utility. The contracts establish an important basis for further expansion of use and growth in Annual Recurring Revenue (ARR) spend by PG&E.
Guidance
The contract awards are worth US$0.49 million (A$0.70 million) for the initial term.
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