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- Technology and network provider Swift Networks Group (SW1) secures new infrastructure contracts worth over $2 million
- Swift has been engaged to roll out its network and WiFi infrastructure solution for companies including OTOC, AngloGold Ashanti, Mineral Resources and Roy Hill
- This work is scheduled to begin this calendar year
- SW1 CEO Brian Mangano says the new contracts represent strategically-important new and expanding relationships within its growing customer base
- SW1 shares are up 40 per cent and trading at 1.4 cents at 2:40 pm AEDT
Technology and network provider Swift Networks Group (SW1) has secured new contracts worth over $2 million.
Swift has been engaged to roll out its network and WiFi infrastructure solution for companies including OTOC Australia, AngloGold Ashanti (AGG), Mineral Resources (MIN) and Roy Hill.
Swift said its in-house engineering and delivery teams would leverage “extensive knowledge and expertise” within the mining and resources sector to ensure each network and WiFi infrastructure solution supported reliable and stable connected services.
The company believes its service will not only support the delivery of an “enhanced on-site living experience” but also ensure the solution is scalable and future-proofed.
While Swift anticipates the aggregate revenue from the contracts to be material, no individual contract will generate over $1 million.
CEO Brian Mangano said the new contracts were significant in terms of the revenue they would deliver in the second half of the 2023 financial year and the first half of the 2024 financial year. He said they also represented “strategically-important” new and expanding relationships within the company’s growing customer base.
SW1 shares were up 40 per cent and trading at 1.4 cents at 2:40 pm AEDT.
