- Orcoda’s (ODA) subsidiary, Orcoda Healthcare Logistics, has signed a $900,000 contract with TransitCare
- Under the agreement, Orcoda Healthcare will supply its specialised vehicles and drivers to the organisation for 40 months
- TransitCare, a Queensland-based not-for-profit, organises and runs transit routes for those who have difficulty getting around Brisbane and other areas
- Orcoda also has a history of working with TransitCare in the past, first providing them with optimisation software in 2018
- Shares in ODA are trading 10 per cent in the red, at 18 cents per share
Orcoda’s (ODA) subsidiary, Orcoda Healthcare Logistics, has signed a $900,000 contract with long-time partner TransitCare.
Under this latest agreement, Orcoda Healthcare has agreed to supply its specialised vehicles and drivers to the organisation over a period of 40 months.
The supplied drivers and vehicles will help supplement the not-for-profit’s existing services.
TransitCare essentially organises and runs transit routes for those who have difficulty getting around Brisbane and other areas of Queensland.
The contract will earn Orcoda’s subsidiary $900,000 in revenue, though that figure could increase is more vehicles are added to the fleet.
“We are currently bidding on some very large contracts to expand the Transitcare capability throughout Queensland,” TransitCare CEO Terry O’Toole said.
Before today’s contract was announced, Orcoda had already worked with TransitCare in the past — first providing them with optimisation software in 2018.
“Orcoda’s state of the art transport technology platform “OLMS” has facilitated the ability for Transitcare to grow and Orcoda will play a major role in our ongoing business through their provision of vehicles and drivers to our network and through their ongoing support of OLMS,” the CEO explained.
“I look forward to continuing to work with the Orcoda’s innovative team and professional drivers as we win further contracts and grow our service base,” Terry said.
Shares in ODA are trading 10 per cent in the red, at 18 cents per share at 3:21 pm AEDT.