Tech: Skyfii seals the deal with ISPT property group for its data analytics service
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Data analytics company Skyfii (ASX:SKF) had a new deal announcement this morning as it strengthened ties with property group ISPT.
The company announced it signed a three-year master services agreement for the deployment of its SaaS platform across ISPT’s portfolio.
Skyfii IO software encompasses wi-fi services and camera management tools, with a separate data analytics platform to crunch the numbers on trends such as weather patterns, car park activity and social media engagement.
The new deal with ISPT follows an initial one-year contract announced in November 2018, after which Skyfii was successful in a competitive tender process.
ISPT is a property trust with an investor base comprised of large super funds. It manages an $18.5 billion portfolio comprising commercial, logistics and residential property assets.
Skyfii’s IO platform operates across 31 ISPT retail shopping centres and commercial office towers across Australia.
Stockhead has contacted Skyfii for further details on how the revised deal with ISPT will contribute to company revenues.
Chief operating officer John Rankin said the agreement was evidence of the material benefit Skyfii’s technology provided in helping ISPT to “monitor and interpret consumer behaviour in their venues and ultimately enhance the experience for their patrons”.
Shares in the company rose 3 per cent in morning trade to 17.5c, consistent with where they’ve been trading for most of calendar 2019.
Tech platform Silex Systems (ASX:SLX) — an R&D company whose primary asset is a laser uranium enrichment technology — announced a binding agreement for the purchase of Global Laser Enrichment (a Silex technology licensee) from GE-Hitachi Nuclear Energy.
The deal is a joint purchase with Canadian uranium producer Cameco Corporation, and is subject to US government approvals. Silex said the deal would provide a better path to commercialisation for GLE’s technology. Shares in SLX jumped sharply, rising by 17 per cent to 40c.