A great announcement that shows that there are huge...

A great announcement that shows that there are huge possibilities with utilities along with many other industries. Rail is great to get onboard. Once industry see a proven tech help them save money they will be all over it.
As a disrupter 3DP bead to get trials going to show the way. The businesses will work out if it helps them.


Here it is in full.

ASX Announcement
12 March 2019
Enterprise Sales Update – Growth in US Operations
Pointerra Limited (ASX: 3DP) (“Pointerra”; “Company” is pleased to provide an update on recent enterprise sales activities.

US Sales
Pointerra has been advised by existing US enterprise customer PrecisionHawk (see ASX announcement 22 November 2018 – Enterprise Sales Update) that it expects to increase usage of the Company’s cloud platform for 3D digital asset management from 5 terabytes to 10 terabytes by the end of the current quarter, and further expects to continue to grow usage throughout calendar 2019 as it scales its utility asset inspection operations.

Over the past few months Pointerra’s platform has been integrated into PrecisionHawk’s production process and is now being used to enhance the accuracy and timeliness of 3D data analysis and customer reporting by PrecisionHawk. During this time the Company has also been separately retained (and paid) by PrecisionHawk to develop advanced 3D data analytics for its utility inspection operation to support the scale-up of its US operations in this sector. Based on the demand for additional DaaS (“Data as a Service” capacity, Pointerra expects to grow PrecisionHawk from its current US$5,000 pcm DaaS subscription to US$10,000 pcm during the current quarter.

The Company has also recently been advised by one of the largest owner/operators of rail transportation and intermodal network assets in North America, that it intends to proceed with an enterprise-wide rollout of Pointerra’s platform to support its digital asset management operations by integrating Pointerra’s platform within its Positive Train Control enhancement and continuous improvement program.

With a market capitalisation of more than US$50 billion, the rail and network operator undertook a rapid proof of concept internal evaluation of Pointerra’s cloud platform for 3D digital asset management during January and February and is expected to commence roll-out of Pointerra’s solution with a 4-figure DaaS subscription that will grow to a 5-figure amount as track, intermodal and real estate infrastructure data is loaded to Pointerra’s cloud platform throughout calendar 2019.

Domestic Sales
During the current quarter, Pointerra’s existing domestic enterprise customers that are scaling their use of Pointerra’s solution are also growing their monthly DaaS subscription. In addition, the Australian offices of a global engineering firm are on-boarding as DaaS customers pursuant to an enterprise-wide, global rollout of Pointerra’s cloud platform for 3D digital asset management.
ENDS