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Invigor Group wins New South Wales government data contract

The government will utilise Invigor’s proprietary dataset relating to alcoholic beverage pricing.

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A Return and Earn site at Caringbah

Invigor Group Ltd (ASX:IVO) has secured a new government contract valued at $100,000 for stage I of IPART’s data requirements for its review of the container deposit scheme (CDS) in New South Wales.

 

IPART or Independent Pricing and Regulatory Tribunal of New South Wales provides independent regulatory decisions to protect the interests of the consumers, taxpayers and citizens of NSW.

Providing historical data of alcoholic beverage pricing

The tribunal will utilise Invigor’s proprietary dataset relating to alcoholic beverage pricing, which includes several years of historical data, to conduct its analysis on the effect of the CDS on container beverage prices.

Stage I is primarily concerned with historical data and is immediately revenue-generating.  This data will be critical for IPART to formulate its report, due in April 2018.

Largest litter reduction scheme introduced in NSW

Invigor is well positioned to secure stages II and III of the contract which are concerned with future beverage prices to be monitored throughout the year.

It is worth noting that drink container litter makes up 44% of the volume of all litter in the state and costs more than $162 million to manage.

CDS is the largest litter reduction scheme introduced in NSW, and will help meet the premier's goal of reducing the volume of litter in the state by 40% by 2020.

The company is continuing to build its order book

Invigor is continuing its strong track record of securing larger, revenue-generating data intelligence contracts in 2018.

With a strong pipeline of tenders continuing to build, the company is expected to reveal more tender-to-contract conversions in due course.

READ: Invigor Group's customer insight technology adopted by three Asian shopping malls

The company recently boosted its presence in the Asian region by securing a new contract with the manager of three malls in Singapore.

The operator is Mercatus Co-operative Limited, and it is involved in the management of the AMK Hub, Jurong Point and Thomson Plaza shopping malls.

Mercatus will deploy Invigor’s loyalty software which includes several customer engagement and data insights modules, assisting users in understanding customer behaviour.

By using information gleaned from the software, retailers can apply data analytics to assist in driving marketing and sales strategies.

Quick facts: Invigor Group

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