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AssetOwl (ASX:AO1) shares soar on 10th inspector360 signing

Market News, Real Estate
ASX:AO1      MCAP $1.947M
11 June 2021 12:04 (AEST)
AssetOwl (ASX:AO1) - Chairman, Simon Trevisan

Source: AssetOwl

AssetOwl (AO1) was up as much as 25 per cent today after signing a 10th real estate agency onto its inspector360 property inspection platform.

This 1oth signing is highly significant for AssetOwl as it gains market traction ahead of product rebranding and marketing launch.

The company now has around 4000 properties under its management.

“Signing AssetOwl’s 10th real estate agency onto our inspector360 platform is an exciting achievement which demonstrates that there is a clear market need for our technology,” CEO Geoff Goldsmith said.

“The signings are also an important operational milestone, as the business refines its product offering and improves its on-boarding and data migration process in preparation for entry into the Victorian and other Australian east coast markets.”

inspector360 uses geospatial information systems and virtual reality technology to enable virtual rent inspections.

It allows tenants, property managers and landlords to remotely monitor and record the condition of the property.

Shares in AssetOwl were up a healthy 16.7 per cent and trading at 0.7 cents at 12:04 pm AEST.

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