Swift TV secures 36-month contract with Aegis Aged Care
Key points
- Swift TV secured a 36-month contract extension with Aegis Aged Care.
- The deal guarantees a minimum total contract value of $141,048 excluding GST.
- Contract expansion through optional subscriptions could lift total value to $189,648.
Swift TV (ASX:STV) secured a 36-month contract extension across two Aegis Aged Care facilities in Western Australia with a minimum total contract value of $141,048.
The agreement extends an existing partnership between the media technology business and Western Australia's largest privately owned residential aged care provider.
“We are pleased to be continuing our relationship with Aegis Aged Care for another three years,” said Swift TV CEO Brian Mangano.
The total contract value can rise to $189,648 if the client selects optional Entertainment+ subscriptions across the locations.
The new agreement took effect on Nov. 1 and incorporates annual CPI rate adjustments alongside automatic 12-month extension terms.
Following the announcement, the Swift TV share price was unchanged at $0.004.
The company develops tailored digital communication, engagement, and entertainment products designed for enterprise markets like aged care, mining, and hospitality.
The contract follows a separate 24-month agreement with Rosewood Aged Care that carries a minimum contract value of $175,000.
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