European Union contract win

• Scope of services includes translation and post-editing from English to French
• Estimated contract value of €0.525m (~NZ$1.06m)
• Initial 12-month term with automatic renewals up to 48 months

Straker Limited (ASX: STG), a global leader in AI-powered translation solutions, has announced a new contract with the Translation Centre for the Bodies of the European Union (CdT), an agency of the European Union, for the provision of translation and associated services. The agreement has a scope of services that includes the provision of translation and post-editing services, specifically for English text into French. The estimated contract value is €0.525m (~NZ$1.06m at current exchange rate) over the total expected term of the contract, based on anticipated volumes. The contract has an initial term of 12 months, with the option to automatically renew up to 3 times for a total expected term of 48 months, unless either party gives written notice of non-renewal at least three months before the end of the current term. Straker's CEO, Grant Straker, commented that the European Union has been a valued customer of Straker since 2022, and this new agreement affirms the company's technological leadership and proven ability to meet the demanding linguistic and compliance needs of EU institutions.