GeoJunxion (GOJXN.AS) announces the closing of 2 location intelligence service contracts with combined value exceeding Euro 6...
06 Maggio 2021 - 06:00PM
GeoJunxion (GOJXN.AS) announces the closing of 2 location
intelligence service contracts with combined value exceeding Euro
600K
Capelle aan den IJssel, The Netherlands – 6
May 2021 – GeoJunxion (GOJXN.AS) is pleased to announce
the closing of 2 bespoke Location Intelligence Service contracts
with a combined value exceeding Euro 600K.
Built-Up Areas
Following a successful pilot project, further
tailoring and refinement of the product specification, GeoJunxion
has closed a significant location intelligent service contract for
the creation and delivery of Built-Up Areas in nearly 200 countries
worldwide. The contract was signed with a global tech company and
is planned to be completed before the end of calendar year
2021.
In response to the increasing demand for hyper
local content, we have designed a unique suite of algorithms and
methods that enable us to automate the generation of boundaries or
polygons. Using this technology, we have created a new product with
worldwide coverage of Built-Up Areas. A built-up area is an area
that has a dense concentration of residential or industrial
buildings and is typically a subset of a city area.
Ivo Vleeschouwers, GeoJunxion CFO stated: “With
the award of this contract, we are very pleased to see that the
investment in the new technology to create bespoke and global
Built-Up Areas is paying off. It demonstrates the confidence in our
capabilities, and in the team that will deliver on this
project. It is also an important confirmation of our
strategic focus on Location Intelligence services.”
Integration and Sourcing services
After the successful completion of a
proof-of-concept earlier in Q1 2021, GeoJunxion was granted an
order for a larger scale service project. The order was received
from a European based Automotive Navigation and Infotainment
supplier and will be executed during Q2 and Q3 2021. Under
the terms of the contract, GeoJunxion will assist in improving the
navigation map and providing integration and sourcing services to
complement the customer’s product.
Thierry Jaccoud, GeoJunxion CEO stated: “This
newly signed service contract relays once more our ability to
leverage our 25+ years of experience in digital maps and
demonstrates our value as a sourcing and services supplier.”
Ends
About GeoJunxion
GeoJunxion is the crossroads where fundamental,
location-aware content connects with superior, customised
intelligence and highly focused innovations to empower exceptional
experiences. With an emphasis on safety and sustainability, we are
constantly expanding our portfolio to meet the demands of a diverse
and fast-evolving market. Building on decades of experience in
mapping, the company focuses on high value, dynamic content and
building environmentally conscious applications, which enrich
safety in everyday life. With location-aware content at our core,
we know where our strengths lie and have the know-how and
technology needed to offer unrivalled, intelligent products and
services.
GeoJunxion NV is listed on the regulated market
of Euronext Amsterdam, under the symbol GOJXN.AS.
GeoJunxion Press
Contact
Caroline Bombart, Head of
Marketing
Tel: +31 (0)10 885 1200Email:
caroline.bombart@geojunxion.com
Grafico Azioni GeoJunxion NV (EU:GOJXN)
Storico
Da Feb 2024 a Mar 2024
Grafico Azioni GeoJunxion NV (EU:GOJXN)
Storico
Da Mar 2023 a Mar 2024