- Aerial mapping business Aerometrex (AMX) has signed its first U.S. enterprise client as it progresses its growth strategy in the country
- The company has sold its 3D dataset to a leading U.S. Defence contractor
- The sale is for a specific project that could develop into a much larger program
- Aerometrex will continue to pursue large enterprise opportunities in the U.S.
- On the market this afternoon, Aerometrex is up 7.50 per cent and is trading at $1.29 per share
Aerometrex (AMX) has signed its first U.S. enterprise client as it progresses its growth strategy in the country.
The aerial mapping business has sold its 3D dataset to a leading U.S. Defence contractor.
Although the financial impact of the sale is immaterial, the company says it’s an exciting milestone.
While there aren’t many details on what the 3D dataset will be used for, Aerometrex says the sale is for a specific project that has the potential to develop into a much larger program.
Managing Director Mark Deuter says the U.S. market provides a huge growth opportunity for Aerometrex’s 3D modelling and aerial imagery.
“We have carefully planned out our growth strategy for the U.S. market, and the signing of our first enterprise client in the U.S. is an exciting step as we begin
commercialising our technology in this market,” he said.
“We have been gaining good traction in the U.S. and look forward to announcing further new client signings,” he added.
Aerometrex will continue to pursue large enterprise opportunities in the U.S..
On the market this afternoon, Aerometrex is up 7.50 per cent and is trading at $1.29 per share at 2:11 pm AEDT.