Swift Networks Group (ASX:SW1) has recently entered into multiple subscription contracts with companies in the mining and resources sector, worth a combined total of $2.1M.
The contracts cover 1-3 years of subscription revenue for services such as Swift Access, 24/7 remote support, on-site maintenance, and network & service monitoring.
Swift says the new contracts are significant in that they demonstrate the company's focus on driving growth in monthly recurring revenue and increasing market awareness of its products.
Swift delivers a premium entertainment and engagement platform powered by proprietary technology and network infrastructure, tailored to the needs of communities in sectors such as Mining and Resources, Residential Aged Care, Retirement Living, and Government.