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CONSTELLATION TECHNOLOGIES LIMITED — Regulatory Filings 2022
Jun 7, 2022
64712_rns_2022-06-07_ec855097-5b28-40ae-b650-ee2e36366f3a.pdf
Regulatory Filings
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8 June 2022
Sales Update
Constellation Technologies (ASX: CT1 ) (“the Company ”) provides the following update.
The Company advises that it has received further sales orders over the last 2 months with existing and new customers that are projected to provide additional sales in excess of $900,000 over the next twelve to fifteen months.
The agreements with existing customers Rockfield Technologies Pty Ltd, QTEQ Pty Ltd and the Downer Group, along with new client, ASX listed entity Bluechiip Limited (ASX: BCT) will be for the provision of Software Development Services connected with the Company’s MeridianCT Platform (MCT).
The MCT Platform was launched by the Company in 2020 and has the ability to receive data feeds from multiple sensors, including video, internal system and third-party API’s. Data feeds are ingested and collated allowing for the application of business intelligence and integration with operational systems which allows for automated business workflow.
Upon completion of the Software Development Services, it is anticipated that each party will enter into ongoing Licencing Agreements for the use of the MCT Platform which will generate ongoing revenue.
Chairman Ray Malone commented “These sales support the Boards strategic decision to focus on the Australian sales market and show that there is a strong domestic market for our MCT Platform. These sales will significantly increase revenue for the Company over the next twelve months”.
Authorised for Release by the Board of Constellation Technologies Limited.
Constellation Technologies Limited ACN 009 23 754 Level 7, 420 Collins Street Melbourne Victoria 3000
Ph: 1800 100 227