Join our daily newsletter At The Bell to receive exclusive market insights
- Swift (SW1) signs new partnership agreement with Roy Hill (RH) to install Swift Access, its proprietary engagement, entertainment and communication solution at RH’s Mine Permanent Village (MPV)
- This contract value is from $3.5 million which is for three years, comprising of installing fees in Q4 FY22 and recurring revenues for the duration signed with two 12-month extension options
- Swift Access will be installed in 2,374 accomodation rooms, 17 executive rooms and 20 common rooms which is Swift’s largest installation
- The software will allow facility managers to easily upload and distribute site information more directly to TVs across the MPV, amongst other features
- SW1 shares are up 21.4 per cent, trading at 1.7 cents per share
Swift (SW1) has entered into a new partnership agreement with Roy Hill (RH) to service its proprietary engagement, entertainment and communication solution to RH’s Mine Permanent Village (MPV), the largest installation done by Swift so far.
The partnership agreement is for three years which comprises installation fees in Q4 FY22 and recurring revenues for the duration signed with two 12-month extension options.
The total contract value is from $3.5 million, increasing with additional room usage and issue of further Call-Off agreements under the Framework Agreement, the value based on minimum usage.
Swift’s flagship product, Swift Access, will be installed in 2,374 accommodation rooms, 17 executive rooms and 20 common rooms.
The software will allow facility managers to easily upload and distribute site information such as inductions, health and safety messages and more directly to TVs across the MPV.
Swift Access will also allow workers based and living on-site at the MPV to cast their favourite streaming apps from their mobile device straight to their room’s TV, whilst maintaining user privacy and offering smart device setup and management to improve efficiencies for facility staff.
Swift’s full content library which includes first release movies and sector-specific mental health and indigenous education resources will be available to all workers on site, and will be managed by Swift’s bandwidth management platform and support services.
Swift CEO Brian Mangano says that the latest collaboration was the “natural next step” in their “strong partnership based on mutual values on innovation and high-performance outcomes”.
“We are excited by a continued Swift, Roy Hill partnership and look forward to working together to create new innovative solutions to the challenges of the FIFO lifestyle.”
SW1 shares were up by 21.4 per cent, trading at 1.78 cents per share at 2:10 pm AEDT.
