AdNeo secures $200,000 education services contract
Key points
- AdNeo secured an education services contract valued at over $200,000.
- The initial agreement was completed with Techtronic Industries Australia.
- The contract aims to target Australia's trade skills shortages.
AdNeo (ASX:AD1) announced that its Catapult education division secured an initial education services contract valued at over $200,000 with Techtronic Industries Australia.
The agreement pairs the industry and technical expertise of Techtronic Industries Australia with the learning design and digital education delivery capabilities of Catapult.
Under the initial contract, Catapult will provide content as a service, training pathways, and multiple proprietary technology systems for Techtronic Industries Australia.
The business stated that forming original equipment manufacturer industry partnerships to support frontline education in Australia represents a large opportunity to address workforce shortages and productivity.
Following the announcement, the AdNeo share price was unchanged at $0.015.
The engagement will focus on developing and delivering learning solutions designed to strengthen workplace safety awareness, technical training, and general domain knowledge.
Catapult operates within vocational and workforce development markets through established relationships across schools, Technical and Further Education institutions, registered training organisations, employers, and government bodies.
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