Data services company, SkyFii (ASX: SKF) has signed multiple new trial service agreements for the provision of its wireless network and analytics services.
It has inked four new trial service agreements, with Barangaroo, the Precision Group, Hawaiian Property Group, as well as Blackstone/ Bevillesta, and cover major shopping centres and public service venues.
With Barangaroo, the trial agreements will take place within the Barangaroo public area precinct in Sydney; with the Precision Group, it will cover the Adelaide Central Plaza. As for the agreement with Hawaiian Property Group, the trial will take place at the Mezz shopping centre in Perth and with Blackstone/ Bevillesta, it's taking place at Top Ryde City shopping centre in Sydney.
SkyFii mentioned, in a statement on the ASX, that the trial agreements are pre-cursors to potential further roll-outs of SkyFii services subject to successful delivery of KPI's associated with each trial. The new agreements are all trial service agreements for a period of four weeks, set against agreed deliverables and are pre-cursors to possible full portfolio roll-outs of SkyFii's services.
Subject to the successful delivery of KPI's associated with each trial, it is proposed that SkyFii's wireless network services may be rolled-out further, and that SkyFii will enter into a Master Services Agreement (MSA) with each of the particular groups for the provision of its services.
SkyFii CEO, Wayne Arthur, said the concept of implementing trial agreements as a precursor to full portfolio roll-out is an established practice for SkyFii in its engagement with new retail property clients to demonstrate the value of its services first-hand.
"The agreements further increase our footprint in major retail shopping centres and other retail venues across Australia and provide further validation of our ability to aggressively execute our business plan," he said.
Arthur mentioned the mix of venue type will also unlock new venue segments for SkyFii's services globally.
The provision of SkyFii's services under the trial agreements are currently being rolled-out, and the company said it will provide further details on the operation of the trials and any progression to wider portfolio roll-outs over the coming months.
Source: ARN Australia
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