Brief: AD1 Holdings Says Unit Signed 5-Yr Agreement With LPE

Adneo

09/02/2021 01:02

Feb 9 (Reuters) - AD1 Holdings Ltd  AD1.AX :
    * UTILITIES DIVISION SIGNED 5 YEAR AGREEMENT WITH LOCALITY
PLANNING ENERGY
    * CONTRACT WILL INCREASE CO'S RECURRING SAAS AND MANAGED
SERVICES
REVENUE BY ABOUT 50% COMPARED TO FY2020
    * EXPECTED TO GENERATE TOTAL REVENUE OF ABOUT $10 MILLION
OVER
TERM OF AGREEMENT (ABOUT $2 MILLION PER ANNUM)

Source text for Eikon:  ID:nASXVy59 
Further company coverage:  AD1.AX 

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