InFocus Group Holdings Limited (ASX: IFG) announced signing a multi-phase service agreement with GBO Assets Ltd, an esteemed entity based in Seychelles. This strategic partnership enables InFocus to harness its advanced data analytics and software engineering capabilities to create an innovative digital and social gaming product for GBO Assets. The contract's potential value over the next 24 months is USD 2.5 million, and project progression is linked to milestone completions and performance-driven objectives. Anticipated revenue of AUD 1.1 million within the initial three months following project launch, demonstrating immediate financial impact.
The initiative will be delivered through a cohesive service approach involving the Company's diverse business units: Trienpont, InFocus Analytics, and Prodigy9. This collaboration positions InFocus at the forefront of the gaming technology sector, reinforcing its commitment to innovation and value creation for its partners.
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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.