ASX Announcement 19 January 2012
nearmap.com continues to grow, exceeding $10 million of sales in two years ipernica ltdABN 37 083 702 907
Head Office:Street Address: Suite 8,
281 Hay St, Subiaco WA 6008
Tel: +61 8 9420 8500
Fax: +61 8 9420 8547
Email: ipernica@ipernica.com
Postal Address:Postal Address: P O Box 1327, West Perth, WA 6872, Australia
Australian Stock Exchange:Code: IPR
Board of DirectorsNon-executive Chairman:
Ross Norgard
Managing Director:
Simon Crowther
Non-executive Directors:
Karl-Christian Agerup
Rob Newman
Senior Management:Director of Finance:
Mark Maitland VP Licensing & General Counsel:
Jonathan Lawe Davies
Capital StructureFully-Paid Shares on Issue:
323.1 million
Options over Unissued Shares
6.29 million @ 16c
21.87 million@ 20c
28.16 million
Cash Reserves:A$10.9M as at 30 Sep 2011
Perth, Western Australia - ipernica ltd (ASX: IPR) is pleased to announce that nearmap.com ("nearmap"), its online photomap content business, has exceeded the $10 million sales mark since its launch in late
2009.
As a result of a renewed strategic direction and focused
monetisation programme, nearmap grew strongly in FY11,
generating $6 million of total sales, up 159% on FY10. Recent
contract renewals and expanded subscriptions with Main Roads
WA and the Public Transport Authority have resulted in
nearmap exceeding the $10 million sales milestone since its
launch a little over two years ago.
ipernica Chief Executive Officer, Simon Crowther, said that
the Company was delighted with the performance of nearmap
since its launch.
"Over the past two years we have re-aligned nearmap's
strategy and put in place a dedicated sales team to monetise
nearmap's digital content platform. nearmap's unique
competitive position and quality content is highlighted by
the recent contract renewals and expanded subscriptions by
Main Roads WA and the Public Transport Authority.
"nearmap has progressed strongly over the past twelve months
and has recorded strong growth as a result. Exceeding the $10
million sales milestone within two years reflects the success
of the new strategy. The business is well positioned for
sustainable revenue and profit growth, and is expected to
move into positive cash flows during 2012", added Mr
Crowther.
For further information please contact: Simon Crowther
Managing Director
T: +61-8 9420 8500
E: simon.crowther@nearmap.com
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about nearmap.comnearmap.com is an innovative online photomap content provider that creates and serves high quality, current and changing photomaps. The Company's breakthrough technology enables photomaps to be updated much more frequently than other providers. With more than 75% of Australia's population covered regularly, nearmap.com is changing the way Australian governments, companies and communities see their world.
about ipernicaipernica ltd (ASX: IPR) is a digital content and technology commercialisation group with two major lines of business:
• nearmap.com
• Intellectual Property ("IP") Licensing: the licensing of intellectual property rights on an international basis.
Further information can be found at www.ipernica.com
distribué par | Ce noodl a été diffusé par Ipernica Limited et initialement mise en ligne sur le site http://www.ipernica.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-19 02:32:09 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
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