ASX Tech Stocks: IXUP enters US online gaming and sports wagering markets; jumps 16pc
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Data analytics player IXUP (ASX:IXU) had a tidy share price jump of 16.7% today after it announced its entered a pilot collaboration agreement with Conscious Gaming and GeoComply Solutions Inc.
The move will see the company develop the next generation online betting and impermissible bettor exclusion product, harnessing its secure data collaboration technologies.
The Collaboration involves incorporating IXUP technology within GeoComply’s ‘PlayPause’ multi-state self-exclusion product in order to add further functionality, encryption based data security and product scalability.
The enhanced IXUP-powered ‘PlayPause’ product will then to be tested in proof of concept trials with key market participants in the US before being jointly commercialised by GeoComply and IXUP.
“For some time now we have been assessing opportunities for our secure data collaboration technologies within the lucrative U.S. sports data and digital sports wagering and gaming markets, which are experiencing once in a generation growth rates due to the deregulation of the U.S. online gaming markets,” IXUP CEO Marcus Gracey said.
“This Collaboration with GeoComply and Conscious Gaming is an ideal opportunity to showcase the application of our technology within this highly regulated market where the handling of sensitive data is paramount, with serious consequences for non- compliance.”
“The collaboration will involve the secure interaction of databases containing sensitive Personally Identifiable Information supplied by the teams and leagues themselves, which will then form the basis of excluding Impermissible Bettors from making bets with sports betting operators.”
GeoComply has a 100% market share in the US for its deposit-related fraud reduction services. Its software is installed on over 400 million devices worldwide and analyses over 3 billion transactions a year, IXUP said.
ESG software platform provider K2fly is up 7.1% today after signing a five-year contract with Rio Tinto (ASX:RIO) for its Ground Disturbance solution which will be rolled out across its Pilbara Iron Ore operations in Western Australia.
The contract will generate annual recurring revenue of AU$620,000 and has a total contract value of AU$3.44 million (including non-recurring implementation fees).
“We are delighted to continue to expand our relationship with Rio Tinto into ground disturbance,” K2fly CEO Nic Pollock said.
“Effective ground disturbance systems are the glue for operations that want to ensure technical assurance around land management, maintain license to operate and ensure high ESG standards.”
“We are pleased to be working closely with Rio Tinto across a number of key ESG solutions globally.”
Rio Tinto now uses five out of the company’s nine existing solutions which already include: Resource Inventory & Reconciliation, Dams & Tailings, Community & Heritage and Mine Geology Data Management.
Robotic tech company Fastbrick Robotics was up 5.71% today after signing a contract to supply its Wall-as-a-service platform to a third-party residential property developer, using the Hadrian X® construction robot.
The contract pertains to a development site in St James, Western Australia, under which FBR will construct the slab, footings, structural walls, second storey slab and roof trusses for eight two-storey townhouses.
“We are pleased to be adding this large project to our pipeline of work, having spent the past 12 months introducing the Hadrian X® into the real-world building environment to validate our game-changing technology with some prominent Western Australian builders,” FBR managing director and CEO Mike Pivac said.
“Now that we have demonstrated all the benefits the Hadrian X® provides, we are now going to ramp up the utilisation of our technology, while continuing the development work at our R&D facility.”