Swift Secures Subscription Renewals Totalling $1.3 million

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Stock Swift Networks Group Ltd (SW1.ASX)
Release Time 4 Apr 2025, 8:17 a.m.
Price Sensitive Yes
 Swift Secures $1.3 Million in Subscription Renewals
Key Points
  • Swift's long-standing clients Roy Hill and Pilbara Minerals renew subscriptions
  • Roy Hill to be the first Swift client to roll out the next-generation Swift Access 2025
  • Renewal reinforces demand for Swift's reliable and value-for-money village entertainment services
Full Summary

Swift Networks Group Ltd has announced that its long-standing clients Roy Hill and Pilbara Minerals have renewed their Swift subscriptions for a further 12-month period, with a total contract value of $1.3 million. Roy Hill was the first major mining site to implement Swift Access, which includes an early release window for on-demand movies, communication tools, and secure casting. Roy Hill will also be the first Swift client within the Mining and Resources sector to roll out the next generation of Swift Access, known as Swift Access 2025, which features a new user interface and user experience. Pilbara Minerals has renewed its agreement with Swift, ensuring reliable village entertainment services for its remote workforces. While the aggregate revenue from these contracts is material to the company, no individual agreement generates over $1.0 million in revenue. Swift CEO Brian Mangano expressed the company's pleasure in continuing to work with Roy Hill to create the best entertainment and engagement experience for their on-site team, and the renewal of the subscription agreements with Pilbara Minerals and Roy Hill reinforces the demand for Swift's reliable and value-for-money village entertainment services across the mining sector.