Excite Technology secures $3.2M federal contract expansion

• Excite Technology Services has secured an additional $3.2 million contract expansion with an Australian Federal Government agency over 24 months.
• The announcement provides a positive operational update following a recent corporate restructuring.
• The expansion aims to supply specialised technology, software, and training solutions to strengthen government partnerships.

Excite Technology Services (ASX:EXT) has expanded its agreement with an Australian Federal Government agency to provide specialised technology, software, and training valued at an additional $3.2 million over 24 months.

This multi-million dollar expansion extends the existing agreement and represents the first major contract win for the business since completing a significant corporate restructuring earlier this year.

"This is our first major contract win since completing a significant restructure earlier this year and reinforces our position as a trusted supplier to the government," said Excite CEO and Managing Director Bryan Saba.

The contract adopts standard head agreement terms, which allow the government agency to terminate or modify the scope and quantum of services at its discretion.

The expansion reinforces the company's continuous growth strategy across its key service divisions.

Following the announcement, the Excite share price was unchanged at $0.005.

Excite delivers specialised technology solutions across four primary service areas, including cybersecurity, IT managed services, digital forensics, and professional training.