UPDATED: IkeGPS shares jump on expanded defence deal

Thu, 09 Oct 2014

(Updates with chief executive comment throughout) By Suze Metherell Oct. 9 (BusinessDesk) - IkeGPS Group, the makers of remote measuring devices, says it will beat its prospectus forecast and earn some contract revenue this year after it expanded a deal with US defence technology investor In-Q-Tel. The shares jumped. The Wellington-based company will partner with IQT to further develop its smartphone measuring tool, Spike, for US intelligence and security forces, and will boost contract sales forecast in its June prospectus, chief exec...

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