Pointerra Limited (ASX: 3DP)
By 2020, public cloud services are expected to be worth more than $195 billion – with a annual growth rate of around 20% between now and and then…
The geospatial sector, within the cloud services realm, is expected to grow at a similar rapid rate, meaning anyone with a breakaway technology that can revolutionise the way data is accessed and used, could significantly change what is already a very large $500 billion global geospatial industry.
That is exactly what this small ASX listed company is aiming to do.
This ASX company’s platform can be used to take large 3D datasets of hundreds of gigabytes, or even terabytes, containing hundreds of billions of points, compress it without any loss in resolution, and deliver it to any device, anywhere in the world through a standard web browser.
Currently capped at just $10M, this ASX stock could be reasonably compared to another $200M capped ASX listed geospatial specialist – however our ASX company is at a much earlier stage and therefore more leveraged to success right now…
This company is looking to meet the challenge posed by massive 3D geospatial datasets, by arranging them in a format that can be quickly and easily processed, managed, used and shared.
This company offers a subscription service to the owner of the 3D data for easy sharing and access. Its technology has already been well received by a US government department as well as a US-based GIS company, which is already generating sales leads for this ASX junior.
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The company has partnerships with organisations that have many years of historical 3D data they want to be able to see, manage and resell.
Currently capped at less than $10 million, and with over $3.7 million in the bank, there is plenty of upside in this stock as it looks to increase partnerships with leading private and public sector organisations, whilst capitalising on its first mover business advantage and world class technology.