RocketBoots (ASX:ROC) has signed a landmark agreement with a tier-one multinational retailer to deploy its AI-driven loss-prevention solution across approximately 40% of the customer's global store network.
The five-year contract, with automatic one-year extensions, is valued at approximately $9.1 million in annual recurring revenue and is expected to deliver more than a tenfold increase to RocketBoots' current ARR once fully rolled out.
The deal follows a competitive global tender, with RocketBoots’ solution selected for its superior computer vision performance, customisable customer experience, and proven implementation capabilities.
The initial rollout is scheduled for Q1 2026, with the potential to expand to the retailer's remaining stores under pre-agreed pricing terms.
RocketBoots CEO Joel Rappolt said, "This contract represents a major strategic milestone, validating our software, delivery model, and team capability to support the world’s most sophisticated retail environments. It positions RocketBoots for accelerated global growth and strengthens our presence in the AI-driven retail loss-prevention market."
The company noted that this agreement represents less than 10% of its advanced pipeline, which includes opportunities across approximately 49,000 global sites, highlighting significant potential for future ARR growth.
At the time of reporting, RocketBoots' share price was $0.29.