ikeGPS Group Limited announced That it has received an approximately $0.9 million contract from a new tier-1 North American electric utility customer. The approximately $0.9m revenue will be fully recognized over the coming 12 months. At this initial level of users and platform usage, the expected ongoing software subscription revenue from this customer will be approximately $200k per annum.

This customer is utilizing the IKE platform to speed the assessment and engineering of distribution pole assets for network hardening purposes.