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K2fly will provide IT advice to Tier 1 electricity company

The technology company has won a contract with a Western Australian utility

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K2fly targets asset intensive industries with its software solutions

K2fly Limited (ASX:K2F) has won a contract to provide leading edge advice and guidance to the IT department of a Tier 1 government-owned electricity company.

A services contract with the Western Australian-based utility will result in the technology company securing revenues in the range of $250,000 to $300,000.

The contract will run for circa five months and is expected to make a material contribution to K2fly’s revenues in the current financial year.

Facing digital disruption challenges

Some of Australia’s major utility companies are preparing to face the challenges of digital disruption by introducing new solutions and technologies.

K2fly is well positioned to assist these companies combine effective corporate strategy with efficient technological delivery.

Provision of strategic advice

The new contract will see experienced K2fly practitioners provide strategic advice to the utility in this area.

K2fly targets asset intensive industries and owns the following technologies for use in Tier 1 companies:

- Infoscope, a data collaboration solution

- ADAM, Asset Data Analysis Management

- NovIn, Real time Asset Inspection Management app

It also re-sells market leading software which has been developed by industry leaders in the USA, Australia, Europe and the UK.

Quick facts: K2fly Ltd

Price: 0.185 AUD

ASX:K2F
Market: ASX
Market Cap: $15.11 m
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