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AEROMETREX LIMITED Capital/Financing Update 2021

May 11, 2021

64382_rns_2021-05-11_31e29f5c-ef82-49eb-9dc2-5d138cbb12be.pdf

Capital/Financing Update

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12/05/2021

ASX Announcement (AMX)

Google LLC signs purchase order with Aerometrex for downtown San Francisco 3D model

  • Aerometrex to capture 3D model data of downtown San Francisco to add to its US 3D data archive

  • Google LLC has signed a purchase order for the 3D model of downtown San Francisco

  • Aerometrex retains full Intellectual Property (IP) ownership of the 3D model

Aerometrex Limited is pleased to announce that it has contracted with Google LLC to provide a data licence for its 3D model of downtown San Francisco. The Company believes this is a significant purchase order from an important client and validates Aerometrex’s world leading 3D data capabilities.

Since establishing Aerometrex Inc in the US (headquartered in Denver, Colorado) the Company has focused its efforts on capturing key US cities, using very high-resolution oblique aerial imagery. As part of its ongoing program of 3D modelling in the US, the downtown area of San Francisco is being captured at very high resolution of 2cm pixels.

3D models recently have been recently constructed by Aerometrex for the cities of Denver and Miami. Aerometrex has previously produced 3D models for the city of Philadelphia, New York, and selected areas of San Francisco. With growing sales efforts in the US, the Company is working, under its retained IP model, to monetise these data sets to a multi and varied customer base.

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Aerometrex 3D model: San Francisco Palace of Fine Arts. 2cm pixel resolution

Google has placed the order for Aerometrex’s 3D model of San Francisco prior to completion of the work. While the revenue amount from Google’s order is not material, this order demonstrates demand for these products from very large corporations. In addition, further demand for the same

dataset, the IP of which is retained by Aerometrex, is being received from several organisations with interests in the San Francisco Bay area.

Aerometrex’s 3D model data is being used widely in industries as diverse as urban planning, civil engineering, computer gaming, asset management, mining and coastal erosion. The 3D content can be consumed and displayed in web browser applications, geospatial software, virtual reality systems and gaming engines. Aerometrex strongly believes that high-quality, high-resolution, accurate 3D data will become the dominant data type in mapping and planning activities in the short-medium term future and will play an increasing role in communication, visualisation and measurement.

Aerometrex Managing Director Mark Deuter commented: “I am very encouraged by our developments in the US market and believe that the purchase order with Google endorses our strategy and our 3D data capture capabilities. We are gaining greater attention from large organisations whose operations cover multiple US cities and municipalities and we see significant potential to contract with these types of organisations moving forward.”

This release is approved by the Board of Directors of Aerometrex Limited.

  • ENDS –

ADDITIONAL INFORMATION

For further information, contact as below:

Mark Deuter Justin Foord Managing Director Investor Relations, Market Eye P: +61 8 8362 9911 P: +61 402 600 691 E: [email protected] E: [email protected]

W: https://aerometrex.com.au/asx-announcements/ MetroMap: www.metromap.com.au

ABOUT AEROMETREX

Aerometrex Limited is a professional geospatial technology business specialising in aerial imagery subscription services, photogrammetry, LiDAR, 3D modelling and data analytics.

The company listed on the ASX in December 2019 to raise capital to fund its growth. The company has a clear strategy to provide value to its shareholders by providing high-quality, accurate aerial imagery and LiDAR products to a growing client base.

AMX has strong Board and Executive teams, with a combined staff experience in the industry of 930 years total.