REG - AIQ Limited - New Contract

AiqAnnouncement

27/03/2023 07:00

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RNS Number : 2339U  AIQ Limited  27 March 2023

27 March 2023

 

AIQ Limited

("AIQ" or the "Company" or, together with Alchemist Codes and Alcodes
International, the "Group")

 

New Contract

 

AIQ (LSE: AIQ) is pleased to announce that Alcodes International, the Group's
IT consultancy business headquartered in Hong Kong, has been awarded a
contract to set up a virtual datacentre.

 

Under the terms of the contract, which is worth US$458,600, the Group will
receive payment in tranches upon completion of milestones, with the project
expected to be fully delivered in approximately seven months. For this
project, the Group will perform the role of project manager and subcontract
the technical delivery, such that the net benefit to the Group is the margin
earned on the contract.

 

Edwin Li, Executive Director, said: "We are delighted to have received this
contract, which is from a new customer. Following our successful delivery of a
DeFi DEX and an NFT marketplace, it is great to now be providing a virtual
datacentre - another key element of IT infrastructure. We look forward to
delivering this project and to continuing to expand our business."

 

 

Enquiries

 

 AIQ Limited                                           c/o +44 (0)20 4582 3500
 Harry Chathli, Chairman

 Guild Financial Advisory Limited (Financial Adviser)  +44 (0)7973839767
 Ross Andrews

 Gracechurch Group (Financial PR)                      +44 (0)20 4582 3500
 Claire Norbury

 

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