IkeGPS shares jump 21% on US deal

Wed, 14 Oct 2020

Precision measuring software firm IkeGPS’s share price jumped 21.1 percent to all-time high of $1.09 on news of a potentially significant new commercial relationship with a major US-based utilities company.The deal will see a north-eastern utilities provider with annual revenues exceeding US$30 billion using the Wellington-based company’s system for assessing and designing power pole infrastructure.The deal is worth about $750,000 initially and follows a pilot programme, with “expansion potential on successful delivery,”...

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