Tech: Jayride hooks a ride from NRMA, offers discount airport transfers for 2.6m members
Link copied to
Aggregator platform Jayride (ASX: JAY), a price comparator website for airport transfer providers, has signed a partnership agreement with the National Roads and Motorists’ Association (NRMA).
As part of the deal, Jayride will offer discount rates for fixed-price airport transfers to the NRMA’s 2.6 million members, effective from July 1.
Shares in Jayride were unchanged at 28 cents, down from an annual high of more than 50 cents just before Christmas:
Founded in 2012, Jayride’s aggregation platform allows travellers to compare transfer costs across a database of more than 1,500 airports and 3,000 transport companies globally.
It initially raised capital via the VentureCrowd equity crowdfunding (ECF) platform and listed on the ASX in January 2018, thus becoming the first Australian company to give ECF investors an exit on their investment.
NRMA Blue general manager Michael Betteridge said the deal will help the organisation improve its service, based on data which shows NRMA members like to travel.
“The deal will save NRMA members time and money, ensuring they are met on arrival at more than 1,500 airports in 69 countries and pay a set fee for their transport with no hidden costs,” Jayride said.
The initial agreement will run for six months, and which point to the sides will explore “further collaboration”.
Graphene producer First Graphene (ASX: FGR) announced the results of scientific testing which showed its graphene products have useful fire retardant properties in polyurethrane elastomer products — a key market for the mining industry. Further testing is now under way, and the company is optimistic it will obtain scientific proof that its graphene products will enable “a new generation of safer polyurethrane elastomer materials to industry, with compromising strength and wear characteristics”.
Recruitment platform IntelliHR (ASX: IHR) announced it has successfully closed a $3m share placement to institutional and sophisticated investors at 7.5 cents per share, a discount to its current trading price of nine cents. IHR said the funds would go towards R&D, sales & marketing and general working capital.
And fitness app MyFiziq Limited (ASX: MYQ) announced it has received the latest $500,000 tranche of funds as part of a placement agreement with Asia Cornerstone Asset Management (ACAM). MYQ has now received $3.2m, out of a total of $5.2m from ACAM. Shares in MYQ were up 5.26 per cent at 20 cents.