RocketBoots Limited (ASX: ROC), an AI software company, has extended its 7-year partnership with a major Australian retailer. The renewed contract, valued at AU$339,000, represents a 5% increase from the previous agreement and covers over 250 retail locations for one year, with annual renewal options. The deal underscores RocketBoots' ability to deliver sustainable ROI and integrate its software into retailer systems, enhancing operational efficiency and loss prevention amid rising retail theft.
This contract aligns with RocketBoots' broader strategy to scale its business internationally and secure a stake in the billion-dollar global retail, grocery, and banking markets. The company is engaged in advanced discussions with international enterprises and remains focused on closing near-term growth opportunities. CEO Joel Rappolt emphasized RocketBoots' market leadership in loss prevention technology and commitment to providing customers with substantial value. This extension reinforces RocketBoots’ momentum and strategic positioning in the competitive SaaS market.
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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.