As thought, it is a commercial dispute between TES and AEROmetrix, nothing to do with Pointerra.
The City Capture initiative is proceeding as per the original Technology License Agreement signed in October last year with AAM - Australia's largest aerial LIDAR company.
The TES situation has not effected signing up customers to subscribe to the City Capture initiative, nor ongoing planning between Pointerra and AAM for completion of the aerial mission. Key individuals who worked with TES on the project are now assisting Pointerra and AAM going forward.
As previously advised in the original TES announcement, the intention is to use the Perth capture project to prove the business model, replicate it across other Australian cities, and regionally.
The entire platform/business case for Pointera's 3D Data Marketplace is based on an open market. There is no exclusivity in respect to capture partners - ie Pointerra is not reliant on any one single - or more - partner for data capture. That doesn't make commercial or strategic sense. The more capture partners Pointerra signs to the Data Marketpace, the more choice/variety of data they are able to offer for sale via subscription to a wider range of potential customers all of whom have differing needs.
Hence Autodesk and Bentley's, for example.
Further case in point in the Australian market, was the recent signing of the Data Marketplace Business and Partnership Agreement with Land Surveys.
As far as I'm concerned, sure, it's taking longer than first thought - I certainly jumped in too early - but it is happening, so will just have to be a bit more patient.
Oh, and yes, Randy is working his ass off as per the 4C.
3DP Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
