Pointerra's new contract awards from US energy utility customer

Pointerra Limited (ASX: $3DP) has been awarded new contracts worth US$0.80 million (A$1.23 million) by its existing US energy utility customer, Florida Power & Light (FPL). The contracts involve the utilization of Pointerra3D, the Company's AI-driven analytics platform, to extract information and insight from 3D LiDAR and 2D imagery data. The Company anticipates completing all contract deliverables during FY25, subject to normal commercial terms and conditions.

Executive Commentary on New Contracts

We are delighted to announce the new contract awards from FPL, which further solidify our position as a leading provider of advanced 3D data analytics solutions. These contracts underscore the value of Pointerra3D in enabling the extraction of crucial insights from complex LiDAR and imagery data, ultimately supporting FPL's business cases. We look forward to delivering on our commitments and continuing to drive innovation in this space.

Summary of Pointerra's New Contract Awards

Pointerra Limited (ASX: $3DP) has secured new contracts totaling US$0.80 million from its existing US energy utility customer, Florida Power & Light (FPL). The contracts involve the utilization of Pointerra3D, the Company's AI-driven analytics platform, to analyze 3D LiDAR and 2D imagery data for FPL's business cases. The Company expects to fulfill all contract deliverables during FY25, subject to standard commercial terms and conditions. The awards highlight Pointerra's continued success in providing innovative solutions for extracting valuable insights from complex data sets. Looking ahead, the Company aims to further enhance its position in the 3D data analytics market and capitalize on opportunities for growth and expansion.