SoftBank partnership

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Stock Icetana Ltd (ICE.ASX)
Release Time 10 Jun 2025, 8:25 a.m.
Price Sensitive Yes
 Icetana signs A$3.6m strategic partnership with SoftBank
Key Points
  • Icetana AI secures A$1.87m investment from SoftBank Robotics Singapore, taking 17.6% equity stake
  • SoftBank Robotics appointed as exclusive distributor in Japan with minimum annual revenue commitment of A$693,000
  • 3-year, A$1.08m joint development program to integrate Icetana's AI with SoftBank's automation and security solutions
Full Summary

Icetana Limited (ASX:ICE) has agreed a multi-year strategic partnership with SoftBank Robotics Group Corp. and its subsidiaries, worth over A$3.6 million. The partnership includes a A$1.87 million investment by SoftBank Robotics Singapore for a 17.6% equity stake in Icetana, as well as SoftBank Robotics being appointed as the exclusive distributor for Icetana's AI solutions in Japan with a minimum annual revenue commitment of A$693,000. Additionally, the companies will engage in a 3-year, A$1.08 million joint development program to integrate Icetana's AI analytics with SoftBank's automation and security technologies. This strategic collaboration is expected to accelerate Icetana's product development roadmap, support collaborative initiatives, and drive the company's regional expansion in Japan and Asia-Pacific.

Guidance

SoftBank Robotics Group has committed to a minimum annual recurring revenue of US$450,000 (approximately A$693,000) in Japan over the period from 1 July 2025 to 30 June 2026 as part of the exclusive distribution agreement.

Outlook

The partnership with SoftBank Robotics Group is expected to significantly accelerate Icetana's growth and expansion in the Japanese and broader Asia-Pacific markets, leveraging SoftBank's established presence and expertise in the enterprise and public sector.