Strategic contract wins for Autonomous coding- Clarification

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Stock Beamtree Holdings Ltd (BMT.ASX)
Release Time 24 Mar 2025, 10:58 a.m.
Price Sensitive Yes
 Beamtree Wins Strategic Contracts for Autonomous Coding
Key Points
  • Secured contracts with Barwon Health in Australia, Milton Keynes University NHS Trust in the UK, and a leading Health Sciences medical centre in Canada
  • Contracts demonstrate demand for Beamtree's AI-powered clinical record coding technology in key markets
  • Contracts are not financially material but mark an important strategic achievement for the company
Full Summary

Beamtree Holdings Ltd (ASX: BMT) has announced the signing of strategic contracts for its autonomous coding technology with Barwon Health in Australia, Milton Keynes University NHS Foundation Trust in the UK, and a leading Health Sciences medical centre in Canada. While the contracts are not financially material, they mark an important strategic achievement for Beamtree, a world leader in clinical record coding technology. The company confirms that the identity of the customers is not information that would be expected to have a material effect on the price or value of its securities, and that the announcement contains all relevant details. These contract wins provide evidence of the conversion of Beamtree's sales pipeline as outlined in its first-half reporting. Each contract is subject to the usual rights of termination for non-performance, and there is no other material information regarding the contracts that is relevant to assessing their impact on the company's securities. Beamtree believes these first wave contract wins demonstrate the growing demand for its breakthrough AI technology in key geographical markets, as it continues to support healthcare providers globally with its data insights and decision support solutions.