Early contract renewal with significant upsell
MapsPeople A/S is pleased to announce the signing of a large expansion contract with a North American customer
for an additional 39-month period for a smart building project containing up to 130 properties and up to 85 million
square feet of residential real estate to be mapped. The contract expansion is mDKK 5.2 for the contracted period.
The new annual recurring revenue of this contract is below the mDKK 2.0 threshold that requires a company
announcement according to MapsPeople information- and communication policy.
The entire contract amount for the 39-month contract period is invoiced at contract signature. The license has been
delivered to the customer on March 31, 2024.
For additional information, please contact
MapsPeople A/S
Morten Brøgger, CEO
Mobile (+45) 31 23 48 72
Email mobr@mapspeople.com
Stigsborgvej 60, 9400 Nørresundby
Denmark
Morten Brøgger, CEO
Mobile (+45) 31 23 48 72
Email mobr@mapspeople.com
Stigsborgvej 60, 9400 Nørresundby
Denmark
Certified Advisor
Grant Thornton
Stockholmsgade 45 2100 Copenhagen Ø
Denmark
Grant Thornton
Stockholmsgade 45 2100 Copenhagen Ø
Denmark
IMPORTANT INFORMATION
This announcement is not an offer to sell or a solicitation of any offer to buy any securities issued by MapsPeople in
any jurisdiction where such offer or sale would be unlawful and the announcement and the information contained
herein are not for distribution or release, directly or indirectly, in or into such jurisdictions, including but not limited
to, the United States, Australia, Canada or Japan.
This announcement does not constitute an offering circular, company description or other offer document and
nothing herein contains an offering of securities. No one should purchase or subscribe for any securities in
MapsPeople except as described in this company announcement.
Neither the existing shares of MapsPeople (the "Existing Shares") nor the New Shares have been, or will be,
registered under the United States Securities Act of 1933, as amended ("Securities Act"). Neither the Existing Shares
nor the New Shares may be offered or sold, directly or indirectly, in or into the United States or to persons residing
there. Moreover, the Private Placement is not made to persons resident in Australia, Hong Kong, Japan, Canada, New
Zealand, South Africa, Switzerland, or Singapore or to persons whose participation would require the publication up
of a prospectus, registration or other measures.
Certain statements in this announcement constitute forward-looking statements. Forward-looking statements are
statements (other than statements of historical fact) relating to future events and the Company's anticipated or
planned financial and operational performance. The words "targets", "believes", "expects", "aims", "intends", "plans",
"seeks", "will", "may", "might", "anticipates", "would", "could", "should", "continues", "estimates" or similar expressions or
the negative forms thereof, identify certain of these forward-looking statements. Other forward-looking statements
can be identified in the context in which the statements are made. MapsPeople has based these forward-looking
statements on its current views with respect to future events and financial performance. By their nature,
forward-looking statements are based on certain assumptions and projections on future events and financial
performance, which involve a number of risks and uncertainties that could cause actual results or events to differ
materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and
assumptions could adversely affect the outcome and financial consequences of the plans and events described
herein. Actual results are likely to differ from those set forth in the forward-looking statements. Any forward-looking
statements speak only as at the date of this document and neither the Company nor any of its respective affiliates,
directors, officers, employees, advisors, or any other person is under any obligation to update or revise any
forward-looking statements, whether as a result of new information, future events or otherwise. You should not and
may not rely on these forward-looking statements.
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