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- Swift Networks (SW1) has secured new agreements with OZ Minerals (OZL) to service the Carrapateena mine site with Swift Access
- The contracts include an installation agreement and a new three-year subscription worth a total of $1.4 million, with installation expected to be completed in the first half of FY23
- The contract represents an ongoing subscription revenue for Swift Access, which has been developed specifically to enable a reliable service within low bandwidth environments
- Shares in Swift were last trading at 1.4 cents, while OZ Minerals shares dipped 0.23 per cent to $27.73 at 2:15pm AEDT
Swift Networks (SW1) has signed an installation contract and three-year subscription agreement with OZ Minerals (OZL) to service their Carrapateena mine site with Swift Access.
The total contract value of both agreements comes to $1.4 million over the three-year subscription term and associated installation revenue, with installation expected to be completed in H2 of FY23.
The contract represents an ongoing subscription revenue for Swift Access, which will be powered by technology developed specifically to enable a reliable service within low bandwidth environments.
As part of the agreement, Swift Access will provide OZ Minerals staff with Swift’s full content library. This will include first release movies and sector-specific mental health and indigenous education resources.
Further, the platform will also allows facility managers to upload and distribute site information such as inductions, health and safety messages and more, directly to TVs across the site.
Swift CEO Brian Mangano said the new contract is another significant step in the company’s goal to be the product of choice.
“We are very pleased to be providing Swift Access to OZ Minerals staff so that we can help make their lives on site better by providing the best entertainment and engagement experience,” Mr Mangano said.
“We are very pleased to be providing Swift Access to OZ Minerals staff so that we can help make their lives on site better by providing the best entertainment and engagement experience.”
The entire Swift Access experience is managed by Swift’s unique bandwidth management platform and includes support services over the three-year term.
Shares in Swift were last trading at 1.4 cents, while Oz Minerals shares dipped 0.23 per cent to $27.73 at 2:15 pm AEDT.
