Media Releasesicetana

View All icetana News


icetana signs 4 year software agreement


Highlights:

-- icetana has secured a 4 year maintenance agreement in support of its motion intelligence platform with an existing Middle East customer with several large shopping mall sites; valued at US$132,000 (~A$190,000).
-- The contract reinforces icetana’s focus on building the number of cameras under icetana license, driving Annual Recurring Revenue (ARR) as our most important financial metric.
-- Positive cash impact for icetana as a result of the upfront invoicing of this extended term contract.

icetana Limited (ASX:ICE “icetana” or “the Company”) is pleased to announce that it has signed a material software maintenance agreement for icetana’s motion intelligence video analytics solution to an existing customer which operates several Middle Eastern shopping malls. The customer is icetana’s second-largest in the Middle East.

The contract has a total value of US$132,480 (circa A$190,000) over the four year term. This long term contract is payable 40% in July and 60% in March 2023. It shows the customer commitment to icetana following the initial year of service at one shopping mall site.

For more information, download the attached PDF.

Download this document

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.