US$2m contract extension underlines Pointerra3D benefit

279 Views14 Jan 2025 12:00

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SUMMARY

RaaS has published a flash comment on 3D spatial data solutions group Pointerra (ASX:3DP) following the announcement that that it has been awarded a US$2.0m (A$3.2m) contract extension by the US Department of Energy (DOE) to the existing programme modelling a range of electric grid resilience investment scenarios by electric utilities.
We view the contract extension, which brings total spend to date by the DOE to US$3.63m, as important validation of Pointerra3D’s benefit to the US electric utility sector.
The company says it expects the programme to be completed by 31 December 2025.

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