COSOL (ASX:COS) - Non Executive Chairman, Geoffrey Lewis
Non Executive Chairman, Geoffrey Lewis
Source: Business News
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  • COSOL’s (COS) subsidiary, COSOL Australia, has been awarded a $3.24 million contract to provide its services for the Australian Department of Defence’s Ellipse project
  • As part of the contract, COSOL has signed as the sole subcontractor to Hitachi ABB Power Grids
  • COSOL will use its expertise to ensure the ongoing resilience and reliability of the Ellipse enterprise asset management system to support the Department of Defence
  • Additionally, COSOL will upgrade multiple applications and system components to allow Defence to maintain its platforms
  • The project is expected to be completed before the end of June next year
  • Company shares are up 9.72 per cent and are trading for 79 cents

COSOL’s (COS) wholly-owned subsidiary, COSOL Australia, has signed as a sole subcontractor to Hitachi ABB Power Grids.

COSOL is a global enterprise asset management service provider who specialises in strategic advice and practical delivery.

Under this partnership, COSOL Australia will provide professional services for the Australian Department of Defence’s MILIS Sustainment Program. This program is focused on Defence’s core enterprise resource planning platform which is based on Hitachi’s Ellipse enterprise asset management (EAM) product suite.

The new project for Defence is valued at $3.24 million and is expected to be completed before the end of June next year.

COSOL considers this deal to be a testament to its longstanding relationship with Hitachi and the Department of Defence and to its ability to provide cost-efficient solutions to the defence industry.

“The fact that COSOL has been given sole subcontractor status on this engagement to ensure the resilience and sustainability of this critical core Defence application is a further demonstration of the strategic importance each party places in each other,” COSOL Australia CEO Scott McGowan said.

COSOL will use its expertise to ensure the ongoing resilience and reliability of the Ellipse EAM system to support the Department of Defence’s immediate and medium term operational requirements.

The Ellipse EAM system provides visibility and management of assets for various industries. This full-integrated solution boasts world-class functionality for asset and work management, supply chain management, financial management and intelligent workforce deployment.

Additionally, COSOL will upgrade multiple applications and system components to allow Defence to maintain currency and interoperability across its platforms.

Company shares are up 9.72 per cent and are trading for 79 cents each at 1:22 pm AEST.

COS by the numbers
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