HSC Technology Group Ltd awarded major contract

HSC Technology Group Ltd (ASX: HSC) announced that it has received an agreement to provide next-generation assistive technology solutions to Lendlease's Retirement Living business. The agreement is a part of an improvement and refurbishment procedure to the emergency call systems executed across Lendlease's retirement village portfolio, comprising 75 retirement villages & more than 16,000 residences.

The agreement is for the delivery of a personalised assistive technology solution providing the company's Care@home Hub and extra peripherals, allowing the upgrade and enabling future ageing in place solutions. All services will be provided through the company's Talius Smart Care Platform as a subscription service. HSC Technology received the initial order for 5,000 units, which is forecasted to generate a revenue of approx. AU$2.3 million.

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