• New ~A$3.3 million Activation Contract executed for previously announced global SaaS agreement
• Confirms transition to deployment and revenue generation phase
• Initial rollout scale ~40% of client's global store network

RocketBoots Limited (ASX: ROC) has executed the Activation Contract associated with its previously announced transformational SaaS agreement with a tier-one multinational retailer. The Activation Contract governs the services required to activate and deploy RocketBoots' AI-driven loss prevention platform across the Customer's global store network and represents a key milestone in progressing the agreement toward full commercial rollout. The Activation Contract operates alongside the SaaS agreement and provides RocketBoots with both near-term implementation revenue and long-term recurring SaaS revenue as deployment progresses. Key terms of the Activation Contract include a total expected non-recurring activation revenue of ~A$3.3 million, revenue associated with the activation of the Company's SaaS platform across ~40% the Customer's store network, and invoices to be submitted monthly as stores are deployed with 45 days payment terms. The agreement also governs commercial terms for future changes to the store network, which are expected to generate additional one-off activation revenue over the life of the agreement. The Activation Contract marks the transition from contracted ARR to realising revenue, while creating a repeatable, non-recurring revenue stream linked to ongoing store expansion and setting the foundation for future ARR growth.

The Activation Contract is expected to generate ~A$3.3 million in non-recurring revenue as the Company's SaaS platform is deployed across ~40% of the Customer's global store network.

RocketBoots is focused on progressing deployment of the Customer's global store network, and expects to begin recognizing both activation revenue and recurring SaaS revenue as activation activities advance. The Company continues to engage with a growing number of large enterprise retailers within its advanced sales pipeline, and believes this agreement provides a strong reference framework to support further contract conversions.