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IKEGPS GROUP LIMITED Capital/Financing Update 2019

Jul 7, 2019

65113_rns_2019-07-07_fb486f14-cb1c-4ad0-8b5d-e8482864ae31.pdf

Capital/Financing Update

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For Immediate Release

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8 July 2019

Contract Expansion Supporting 5G Mobile Network Deployment.

ikeGPS (IKE) advises:

That it has extended FY20 revenue expected from an IKE Analyze customer, with contracted IKE Analyze transactions growing to approximately $0.45m.
This is further to the 20 June 2019 market announcement that this new customer, the largest shared communications infrastructure company operating in the North American market, had adopted IKE Analyze for use for 5G mobile network development.

IKE CEO, Glenn Milnes, commented, “We are pleased to see this initial expansion in the number of IKE Analyze transactions at this important national infrastructure group, whose annual ongoing use of the IKE platform has the potential to expand further.”

“More generally we look forward to updating the market on our Q1 FY20 performance 11 July 2019.”

ENDS

IKE seeks to be the standard for collecting, analysing and managing pole and overhead asset information for electric utilities, communications companies and their engineering service providers.