• Motio to become exclusive sales partner and minority investor in Adonix, a transit media network
• Launch of Motio Drive, expanding Motio's digital media footprint into location-based advertising
• Motio to invest $300,000 for 13.33% equity stake in Adonix to accelerate rollout of digital taxi top screens

Motio Ltd (ASX:MXO) has announced that it has entered into an agreement to become the exclusive sales partner and a minority investor in Adonix, a transit media network specialising in high-definition digital screens mounted on taxitops. This partnership marks Motio's expansion into location-based media through the launch of Motio Drive, further broadening the company's digital media footprint. Under the agreements, Motio will act as the exclusive sales partner to Adonix, selling media across the network alongside its existing health, play, café and venue networks. The Board believes that expansion into transit media complements Motio's established place-based media business by extending campaign reach, providing additional flexibility for clients, and enabling access to new advertiser categories. Motio has entered into a subscription agreement with Lorikeet Corporation Pty Ltd to invest $300,000 in return for a 13.33% equity interest in Lorikeet, the parent company of Adonix. The funds will be used to accelerate the rollout of digital taxitop screens, expanding the Adonix network to approximately 150 vehicles. Motio has also agreed to enter into a call option deed over all the fully paid ordinary shares in Adonix that it does not already own. The Option will vest if Motio generates at least $600,000 of gross revenue on the Adonix network within any three-month period over the next two years.

The company expects continued top-line expansion into FY27 and beyond through the launch of Motio Drive, powered by Adonix.