EPX Secures $5million Seven Year New Contract

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Stock Ep&T Global Ltd (EPX.ASX)
Release Time 11 Sep 2025, 9:24 a.m.
Price Sensitive Yes
 EPX Secures $5million Seven Year New Contract
Key Points
  • New Annual Contract Value (ACV) of A$700k+ for 10 health care facilities
  • Seven-year agreement, with a Projected Total Contract Value of AED14.6 million (approx. A$5.3million)
  • Continued expansion into new market verticals - healthcare
Full Summary

EPX Limited (ASX: 'EPX') has been successful in a tender with a major United Arab Emirates (UAE) healthcare organisation to deploy its EDGE technology to improve energy efficiency and deliver energy cost and CO2 savings across 10 healthcare facilities. The new binding agreement has a seven-year term, with a Projected Total Contract Value of AED14.6 million (approx. A$5.3 million). The new Annual Contract Value (ACV) is A$700k+ for the 10 health care facilities, which include hospitals and clinics. EPX's customer, RAFED Healthcare Supplies LLC, is a wholly owned subsidiary of a leading UAE-based healthcare provider. The customer called for tenders for the provision of centralised energy performance services for 10 of the parent entity's sites, and EPX was selected after a rigorous and extensive process with numerous competing parties. EPX has been investing in the UAE for several years and has built a good presence in the market. The company has recently obtained two key accreditations in the UAE, being both ESCO (Energy Supply Company) and BEMAS (Building Energy Management) accredited, which positions EPX well in the UAE market.