Yesterday we had another excellent announcement, forming a continuous succession of positive steps along a successful company pathway in an exciting technology sector. IMO Pointerra is shadowing the progress of our Non-Executive Director Rob Newman's company, Nearmap, which currently has a share price of$1.04 and a market cap of around $4000 million. I think our potential is actually greater than Nearmap, given the explosive growth in 3D data.
I have culled a few statements (my thanks to previous posters) from related announcement articles as per -:
"The geospatial imaging tech has so far focused on the processing and access of large 3D datasets – but today launched a marketplace that will allow for government agencies and companies to get a highly accurate bird’s-eye view of the city.
Geoscience group Total Earth Solutions (TES) will fly over Perth to capture the data while Pointerra will host the data set. The two then sharing the subscription revenue generated from the sale of access. They say it will be an asset to the private sector for companies in architecture, engineering or construction as well as government. Plans call for expansion from Western Australia to other Australian and Oceania markets.
TES have advised that the first dataset should be ready in the next two months, with monthly revenues expected to flow from this time. “We expect to extend the scale and reach of the 3D Data Marketplace both in the Australasian region and internationally in conjunction with the rapid scaleup of our operations,” 3DP managing director Ian Olson said.
The deal marks a significant milestone for Pointerra having designed a platform facilitating access to very large 3D datasets without the need for high-performance computing.
TES plans to generate more LiDAR datasets through a dedicated “pan-Australian capture program” that will see the company undertake similar city capture missions in other Australian and regional locations. Moving forward, TES plans to make all its raw data available via Pointerra and expects its 3D data platform to grow its DaaS activity significantly".
I am no advisor and, once again, DYOR, but I remain extremely optimistic that we are in line for a major multi-bagger.
You know it makes sense!
Cheers
U
3DP Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
