Leading geospatial data business firm, Aeeris Limited (ASX: AER) has announced that its fully owned subsidiary, Early Warning Network Pty Ltd, has signed a data distribution agreement with MapData Services Pty Ltd, a wholly owned subsidiary of Esri Australia Pty Ltd. This is the first of several such agreements which provide MapData Services access to a variety of EWN’s geo-spatial risk data sets. MapData Services is the region’s leading end-to-end data solutions company. The company provides easy access to the world’s best datasets, content and data technologies and uses these tools to create smart solutions that deliver valuable insights to the customer.
MapData Services provides EWN with a digital pipeline to customers within the Geographic Information System technology sector, and specifically the Australian Esri user community. Esri’s ArcGIS platform is the world’s most advanced and widely used GIS technology.
The CEO and Chairman of Aeeris Limited, Kerry Plowright, said that through the partnership with MapData Services, the company enjoys a privilege of being exposed to a massive user community who can stream the data of the company quickly. The sale of the company’s data to the end user is almost friction free. The Customers are already signed to an existing MapData Services or Esri service. EWN data streamed to them is calculated and billed monthly with subsequent usage payments made to EWN under this agreement.
The CEO has further stated that the agreement involves real-time lightning and observations data which is delivered through EWN’s risk API service into the MapData Services data environment. From there it is immediately available to MapData Services clientele, for a fee. The company will soon be rolling EWN’s full risk data set into the MapData Services environment, making it also available to MapData Services customers.
The company has a continuous monitoring, unique IP and proprietary technology which is combined with their expert real-time analysis to produce a spatial risk data-set without comparison. Currently, with the wave of a digital finger, this is immediately accessible to a massive GIS user community which includes the ArcGIS community.
Now let us quickly have a glance at the stock performance of Aeeris Limited and the returns it has posted over the last few months. The stock last traded at a price of $0.050, with a market capitalisation of circa $2.83 million. It has generated a negative YTD return of 9.09% and posted returns of 4.17%, -23.08% over the last six months and three months period respectively. It has a 52-week high price of $0.066. The stock has a PE multiple of 55.560x with an EPS of AUD 0.001.
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