Damstra enters agreements with two mining clients for service provision

Damstra Holdings Limited (ASX: DTC) has announced the execution of agreements with Foxleigh Mine and Stanwell Corporation, further expanding its Enterprise Protection Platform (EPP) adoption. Under these agreements, both clients will integrate the EPP for enhanced employee and contractor management.

The agreement encompasses approximately 3,000 users, and the revenue will be generated on an annual recurring basis (ARR). Transitioning from the existing Damstra legacy platform, the clients will benefit from the extended capabilities and functionalities offered by the EPP. The previous revenue generated from these clients amounted to around AU$25,000 per annum. The estimated ARR excludes potential revenue from the trial of its Forms product at Foxleigh Mine. Implementation and training services will be charged based on a daily rate structure.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com