Pointerra Secures Three-Year Contract with Avista Corporation
Key points
- Three-year enterprise SaaS subscription with Avista Corporation
- Deployment of Pointerra3D for digital twin of transmission and distribution infrastructure
- Total prepaid contract value of A$0.22 million, with potential growth from analytics
Full summary
Pointerra Limited (ASX: 3DP) has announced the execution of a three-year enterprise SaaS subscription agreement with Avista Corporation, a vertically integrated electric and gas utility serving Washington, Idaho, and Oregon. Under the agreement, Avista will deploy Pointerra3D as its engineering-grade cloud data environment for a lidar-based digital twin across its transmission and distribution infrastructure. The subscription covers Pointerra3D Core platform and Utility Explorer, a custom-configured asset engineering interface. The contract includes Pointerra's Poles and Wires Analytics billed monthly at tiered consumption rates. The total prepaid minimum contract value is A$0.22 million, with potential growth from analytics usage as Avista expands its digital twin program.
Guidance
Total prepaid minimum contract value of A$0.22 million
Outlook
The agreement provides an important platform for expansion of analytics mileage and user seats over the three-year contract term.
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