Brief: Formpipe Signs Multi-Year Agreement With Danish Board Of Agriculture

Lasernet AB

21/10/2022 08:06

Oct 21 (Reuters) - FormPipe Software AB  FPIP.ST :
    * FORMPIPE SIGNS A MULTI-YEAR AGREEMENT WITH THE DANISH
BOARD OF
AGRICULTURE TO A BUSINESS VALUE OF APPROXIMATELY DKK 80-100
MILLION.
    * AGREEMENT RUNS OVER FOUR YEARS WITH OPTIONS TO EXTEND WITH
ADDITIONAL THREE YEARS
    * ORDER VALUE AMOUNTS TO A MINIMUM OF DKK 7 MILLION IN FORM
OF A
YEARLY RECURRING FEE TO FORMPIPE FOR SYSTEM MANAGEMENT AND
MAINTENANCE
    * INCLUDING ADDITIONAL FEES FOR DEVELOPMENT AND ADAPTATIONS
OF
EXISTING SOLUTIONS, ORDER VALUE IS ESTIMATED TO AMOUNT TO A
TOTAL OF DKK 200-250 MILLION, OF WHICH AN ESTIMATED 40 PERCENT
PERTAINS TO FORMPIPE'S SERVICES

Source text for Eikon:  ID:nWkrc7WPnd 
Further company coverage:  FPIP.ST 
 (Gdansk Newsroom)
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