• Aerometrex agreement with Landchecker renewed early with an extended contract term
• Increase in the minimum commitment to $3.0 million through to FY27, with option to extend to FY29
• Variable licence fee remains in place for licences above the fixed licence limit

Aerometrex Limited (ASX: AMX) has announced that it has renewed its agreement with Landchecker through to 30 June 2027, with the option of a further two years. The early renewal replaces the final year of the previous agreement and extends for a further year with an increase in the minimum commitment to $3.0 million for the next 2 years. An option for an additional two years with a minimum commitment of $3.2 million would extend the agreement to 30 June 2029. The renewed agreement continues to see Landchecker purchasing from Aerometrex a fixed number of tailored MetroMap licences and for Landchecker to purchase additional licences above the fixed amount during the term of the agreement. These licences will continue to be offered through the Landchecker platform to its customers. The key terms include a minimum annual payment fee of $1.5 million for the fixed number of licences for FY26 and FY27, and the ability for Landchecker to purchase additional licences above the fixed amount at an agreed price per licence, enabling additional revenue opportunities for Aerometrex and Landchecker over the contract term. The continued success of the partnership with Landchecker is a clear endorsement of Aerometrex's partnership program which seeks to accelerate its indirect customer growth through partnering with leading Australian analytics companies.

Aerometrex has secured a minimum commitment of $3.0 million through to FY27, with an option to extend through to FY29 with a minimum commitment of over $3.2 million.

The renewed agreement with Landchecker is expected to significantly boost Aerometrex's annual recurring revenue, demonstrating the success of the company's partnership program in accelerating indirect customer growth.