Seven Airport Contract with North African Airport Authority
| Stock | Beonic Ltd (BEO.ASX) |
|---|---|
| Release Time | 29 Jul 2025, 9:57 a.m. |
| Price Sensitive | Yes |
Beonic signs 7-airport contract with North African authority
- Beonic secures $15.2M contract to deploy LiDAR passenger flow tech across 7 major airports
- Initial 12-month rollout, followed by 2.5-year term with 3-year extension option
- Reinforces Beonic's global leadership in airport passenger flow management
Beonic Pty Ltd, a global leader in LiDAR-based passenger flow technology, has secured a landmark contract with a major North African airport authority to deploy its cutting-edge solutions across seven major international airports. The total contract value is $15.2 million, with Beonic's share amounting to $10.6 million. The contract marks Beonic's strategic entry into the North African aviation market and a significant expansion of its international airport portfolio. The initial deployment will commence with a technical proof-of-concept at the country's primary international gateway airport, followed by a full rollout across all seven airports within 12 months. The contract is for an initial 2.5-year term, with an option to extend for a further 3 years. Beonic's LiDAR passenger flow management solution will be used to monitor real-time passenger movements and optimize operations, security, and traveller experience in the terminals. This investment in Beonic's globally recognized technology is being made in preparation for a major international sporting event in 2030. The engagement of a local technology partner will ensure strong in-region support and operational efficiency. This contract reinforces Beonic's position as a market leader in airport technology and sets the foundation for further expansion into EMEA and other emerging markets.
Beonic expects the contract to contribute meaningfully to its long-term Annual Recurring Revenue (ARR) through platform fees over the initial 2.5-year term and potential 3-year extension.
This transformational contract marks Beonic's strategic entry into the North African aviation market and further solidifies its global leadership position in airport passenger flow management solutions, setting the stage for continued international expansion.