Total
0
Shares
AD1 Holdings (ASX:AD1) energised by Powerclub contract
  • AD1 Holdings (AD1) subsidiary Utility Software Services, has signed a Master Services Agreement with energy retailer Powerclub
  • Under the three-year contract, USS will provide its CORE Customer Interface SaaS platform and related managed services
  • The contract will start during this current quarter, with the implementation of USS’ technological solutions
  • The company expects that the agreement will materially add to revenue over its three-year term
  • AD1 Holdings closed 1.92 per cent in the red for 5.1 cents per share

AD1 Holdings (AD1) subsidiary Utility Software Services, has signed a Master Services Agreement with energy retailer Powerclub.

As a member-owned business, Powerclub provides its retail and business customers with access to wholesale energy pricing. Under its contract, USS will provide its CORE Customer Interface SaaS platform and related managed services to Powerclub.

CORE is USS’ flagship solution, which houses all facets of retail operations within a single, easy-to-use platform.

The cloud-based customer information system manages various aspects of a business’ billing and payment systems. As such, it has capabilities relating to contact centre correspondence, allocation and accruals, and management of financial regulatory changes.

The contract has an initial term of three years, which will begin with the implementation of USS’ technological solutions during the current quarter. AD1 and USS expect that the agreement will materially add to revenue over the course of its initial three-year term.

AD1 Holdings’ CEO, Prashant Chandra, was excited to welcome Powerclub as a new customer of the company.

“We believe Powerclub has outstanding commercial prospects based on its unique capabilities to offer truly competitive, disruptive, and compelling energy solutions," he said.

“An energy provider for the digital world, Powerclub’s innovative energy solutions are underpinned by technology and it is very pleasing that they have selected USS as their technology partner on this journey," he added.

AD1 Holdings closed 1.92 per cent in the red for 5.1 cents per share.


Subscribe


AD1 by the numbers
More From The Market Herald
Ambertech’s (ASX:AMO) share price doubles amid strong profit guidance

" Ambertech’s (ASX:AMO) share price doubles amid strong profit guidance

Audiovisual tech provider Ambertech’s (AMO) share price has more than doubled after it posted stellar profit guidance for 2020’s second half.
Buddy Technologies (ASX:BUD) - CEO, David McLauchlan - The Market Herald

" Buddy Technologies (ASX:BUD) antibacterial smart light passes U.S. testing

Buddy Technologies (BUD) has passed its United States efficacy testing for its antibacterial smart light Lifx Clean.
Family Zone Cyber Safety (ASX:FZO) - Managing Director, Tim Levy - The Market Herald

" Family Zone (ASX:FZO) looks to raise $22M for business expansion

Family Zone (FZO) has received firm commitments for a $20 million placement.
Weebit Nano (ASX:WBT) - CEO, Coby Hanoch - The Market Herald

" Weebit Nano (ASX:WBT) soars again on solid quarterly update

Shares in Weebit Nano (WBT) are spiking this morning after investors took well to the company’s latest quarterly financial report.