InFocus signs US$2.4M international Codexa deal
Key points
- InFocus Group Holdings has secured a US$2.4 million binding agreement for its international Codexa platform.
- The deal commits minimum fees over two years following the company’s cost-reduction restructure.
- InFocus is expanding into global jurisdictions outside the United States while building new prediction market tools.
InFocus Group Holdings (ASX:IFG) signed a US$2.4 million binding deal for its international iGaming platform.
The agreement follows a corporate reorganisation that reduced staff levels while keeping senior technical teams.
"Subject to the agreement's commencement conditions, the customer has committed to minimum fees of US$2.4 million over the first 24 months and has requested IFG build a Prediction Markets Module that IFG will own," said InFocus Group Holdings CEO and Executive Director Ken Tovich.
InFocus stated that the deal requires the customer to pay minimum fees over 24 months once its white-labelled platform launches.
The software developer noted that development is underway for its new international platform configuration and module.
Following the announcement, the InFocus Group Holdings share price was unchanged at $0.008.
InFocus focuses on creating proprietary data analytics tools and gaming platforms like Codexa.
