- Yojee (YOJ) pens an expansion agreement over eight countries for its cloud-based logistics platform
- The company is now cleared to deliver its platform to a further 18 countries through a three-year agreement with an existing global enterprise company, which will cover major parts of the customer’s operations, including distribution and warehousing logistics
- Yojee’s Managing Director, Ed Clarke, says with nearly $20 million cash to fund this growth, the Yojee team is confident and focussed on creating great customer outcomes
- Yojee is up 27.8 per cent, trading at 17.3 cents at 2:30 pm AEST
Yojee (YOJ) has penned an expansion agreement over eight countries for its cloud-based logistics platform.
Yojee is a cloud-based software as a service logistics platform that facilitates the flow of freight movements into a single system. The company says this results in making the complex process of managing land transport simple and accessible to all users, whilst seeking to reduce carbon emissions.
The company is now cleared to deliver its platform to a further 18 countries through a three year agreement with an existing company, which will cover major parts of the customer’s operations, including distribution and warehousing logistics, along with ecommerce.
“We are pleased to report this latest development, coming only a short time following announcing an expansion order in the Philippines last week with the same global enterprise customer,” Yojee Managing Director, Ed Clarke said.
“Importantly, this significantly increases Yojee’s directly addressable revenue-generating parcel movements.
“Our embedded growth roll-out strategy is materialising as expected and supports our goal of rolling-out to 126 Logistics Hubs over 3 years with Global Enterprise Customers whom we are already working with operating in APAC [Asia Pacific].”
The Managing Director said with nearly $20 million cash to fund this growth, the Yojee team is confident and focused on creating great customer outcomes.
Yojee is up 27.8 per cent, trading at 17.3 cents at 2:30 pm AEST.