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- Swift Media (SW1) has entered three new deals — two of which are contract extensions to mining and resources clients
- One of these is Mineral Resources who engaged Swift to roll out its Swift On Demand platform across three sites with over 440 rooms
- Iron ore miner, Roy Hill, extended its contract with Swift to supply the entertainment platform with movies, in-room entertainment and support in over 2200 rooms
- Lastly, Swift has extended its contract with Pilbara Minerals to continue to provide its on demand platform in over 380 rooms from this month
- The contracts are valued at $2.5 million — of which 70 per cent is recurring revenue for an initial 12-month period
- Swift ended the day in the grey with shares closing at 2.9 cents at market close
Swift Media (SW1) has entered three new deals – two of which are contract extensions to mining and resources clients.
The first deal is with Mineral Resources who has engaged Swift to roll out its Swift On Demand platform across three sites with over 440 rooms.
Iron ore miner, Roy Hill, has extended its contract with Swift who’s supplying its communications and entertainment platform with movies, in-room entertainment and support in over 2200 rooms from this month.
Swift has also extended its contract with Pilbara Minerals to continue to provide its on demand platform in over 380 rooms from this month.
These contracts will generate up-front installation fees and recurring revenues in the June quarter and in the upcoming financial year.
In total, the contracts are valued at $2.5 million – of which 70 per cent is recurring revenue for an initial 12-month period.
Swift Media ended the day in the grey with shares closing at 2.9 cents at market close.
