• New Annual Contract Value (ACV) with over 200 sites utilizing EDGE Industrial (Coda) technology
• FirstGroup's undertaking to reinstate the service highlights the proven capability of the technology
• Projected initial ACV of over A$500,000

EPX Global Limited (ASX: EPX) has entered binding arrangements with FirstGroup Plc (LSE:FGP) and its related entities in the United Kingdom to reinstate over 200 sites utilizing the company's EDGE Industrial (Coda) technology. The technology provides monitoring and control of energy usage in train stations and bus depots, identifying opportunities for optimization. The new agreement has a projected initial Annual Contract Value (ACV) of over A$500,000. FirstGroup was a key development customer in the evolution of the Coda technology, which had been deployed across more than 200 sites in the UK. The reinstatement of the service opens a new market for EPX in the bus and rail property vertical, with a potential addressable market of over 2,000 stations/sites in the UK rail and bus sector. EPX sees significant potential to expand the use of this technology across the UK market.

Projected initial Annual Contract Value (ACV) of over A$500,000.

EPX is actively engaged in discussions to further expand the agreement to include more FirstGroup sites, with significant potential to expand the use of this technology across the UK market.