IKE has signed a new subscription contract with a large infrastructure customer in the US.
The contract is expected to generate at least $1.5 million in subscription revenue over the next 18 to 24 months.
The customer is using the IKE software platform to assess over one million distribution network pole assets.
This contract extension follows an initial proof of concept deployment.
IKE sees this as an opportunity for further growth and expansion in the California market, as recent regulatory requirements have increased the demand for engineering assessments of pole networks.
The company believes that its products can improve the speed, quality, and safety of construction and maintenance of distribution assets.
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