NRMA/Thrifty Rentals trial move into car-sharing..., page-12

@natandsal I read it differently...... CL8 are providing a software package to another company, that company (NRMA) will own the package and pay us an ongoing royalty (after the setup fee).

Thrifty (NRMA) will own the package as it has been customised too them (with a trailing royalty) and unused cars to be additionally listed on DMC platform (good for both parties). I believe this is exactly DMC

Cormac Hodgkinson and Chris Noone are both ex-Vodafone??

CL8
"The DriveMyCar business unit has signed an agreement for the licensing of its peer-to-peer car rental technology platform to facilitate the booking of vehicles managed by a third party fleet manager. The licensing agreement involves the development of some additional specific functionality for the third party client to enable them to list vehicles, process bookings, manage approvals and view reporting
In addition, the licence allows for the third party vehicles to be made available for rent on the DriveMyCar platform when they are not otherwise utilised, thus increasing the available supply of vehicles to DriveMyCar customers. In recognition for the provision of the development services, DriveMyCar will earn an upfront fee for functionality development and will also receive ongoing fees as a percentage of revenue for all bookings processed by the fleet manager through the system. This licensing agreement takes advantage of the investment already made in the DriveMyCar platform and delivers additional revenue without increasing cost of sales or any material additional ongoing expenses."

". In late May 2016, a pilot commenced with a corporate partner to offer their customers, who are vehicle owners, the opportunity to list their under-utilised vehicles on DriveMyCar with a view to generating additional revenue. Early results are promising with a strong increase in calculator enquiries in May 2016 largely attributed to this initiative. The results of the pilot will be reviewed and if successful, expanded further. "


NRMA
"Car-sharing trials have already started in Melbourne and more are planned for Sydney and Newcastle."