Pointerra's Contract Award from FPL

Pointerra Limited (ASX: $3DP) has been awarded a US$1.9 million (A$2.9 million) contract from Florida Power & Light (FPL), a leading U.S. energy utility customer. The contract involves the utilization of Pointerra3D, the Company's AI-driven analytics platform, to extract information and insight from 3D LiDAR and imagery data. Pointerra expects to complete the contract deliverables within this year.

Executive Commentary on Contract Award

We are pleased to announce the contract award from FPL, a significant milestone for Pointerra. This contract underscores the value of our advanced analytics platform, Pointerra3D, in providing actionable insights from complex 3D LiDAR and imagery data. We look forward to delivering on the contract and continuing to demonstrate the capabilities of our technology in addressing the needs of leading energy utilities. This achievement reflects our commitment to driving innovation and delivering tangible value to our customers.

Summary of Pointerra's Contract Award and Outlook

Pointerra Limited (ASX: $3DP) has secured a US$1.9 million contract from Florida Power & Light (FPL) to utilize its AI-driven analytics platform, Pointerra3D, for analyzing 3D LiDAR and imagery data. The contract signifies the recognition of Pointerra's technology in providing valuable insights for FPL's business cases. With the expectation to complete the deliverables within the year, Pointerra aims to demonstrate the effectiveness of its platform in meeting the needs of prominent energy utilities. This contract award aligns with Pointerra's strategic goal of leveraging its advanced analytics capabilities to drive innovation and deliver tangible value to its customers. Looking ahead, the company remains focused on expanding its presence in the analytics market and pursuing further opportunities to showcase the potential of its technology.