IkeGPS wins $4m in US contracts for its 'industry standard' software

IkeGPS says its PoleForeman software is becoming the industry standard in the US. (Image: AP)

Tue, 07 May 2024

IkeGPS has won software contracts worth about $4 million with five major United States electric utilities companies. It estimates the contracts will bring in about $1.3m a year.The New Zealand stock exchange (NZX) listed company provides data acquisition and analysis tools for electrical grid infrastructure.The contracts are for its next-generation PoleForeman software, launched in late 2023, which Ike said is becoming the industry standard in the US. Retention rates were more than 95%.Since then, Ike has gained PoleForeman subscriptions worth...

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