How Aerometrex Won a $1.08M LiDAR Contract with Shell’s QGC

Aerometrex Wins Strategic Contract with Shell Subsidiary

Aerometrex Limited (ASX, AMX), a leader in geospatial technology, has announced a material contract with QGC Pty Limited, a subsidiary of energy giant Shell plc. The deal, valued at AUD 1.08 million excluding GST, involves the capture of LiDAR and aerial imagery surveys of Shell’s QGC assets in Queensland over a 12-month period.

Contract Details and Revenue Potential

The agreement sets a fixed contract value but also allows QGC to purchase additional survey captures beyond the initial scope, based on an agreed schedule of rates. This flexibility opens the door for Aerometrex to generate further revenue throughout the contract term, which is expected to conclude in the 2026 financial year. The contract also includes typical provisions allowing QGC to extend the term or terminate for cause or convenience, reflecting standard industry practice.

Significance for Aerometrex’s Growth Strategy

Acting CEO Rob Veitch expressed satisfaction with the win, highlighting the importance of being part of Shell’s supplier ecosystem. This contract not only provides a solid revenue stream but also validates Aerometrex’s focus on quality, accuracy, and customer service. It underscores the company’s ongoing efforts to expand its footprint with multinational corporations, which could be pivotal for future growth.

Market Implications and Outlook

While the contract is a positive development, the presence of termination clauses and the optional extension inject some uncertainty regarding the total revenue that Aerometrex may ultimately realise. Nonetheless, the deal strengthens Aerometrex’s positioning in the competitive geospatial technology sector and may serve as a catalyst for further contracts with large-scale clients.