ok...here it is....!!! re: how does a $300 million
+++++++++++++++++++++++++ The Board of Directors of Intermoco Limited ("Intermoco") is delighted to announce that it has recently executed a major contract with a substantial overseas Company for the supply of an extensive range of hospital monitoring, control and information systems for installation in a number of hospitals. The minimum value of the contract over its anticipated eight-year life is in excess of A$130 million. In addition, ongoing maintenance fees, rising to A$20 million annually, will be received by the Company.
Due to the sensitive nature of ongoing negotiations with other projects, the contract partner has requested confidentiality at this time.
The award of this major contract is a significant recognition and reward extensive innovative research and development Intermoco has applied to health industry systems over the past eighteen months.
Under the contract, Intermoco will supply and maintain information systems for a comprehensive range of hospital services including scheduling, operating theatre management, emergency department management, ambulance dispatch, nurse-call systems, and patient admission and discharge. The solution, which includes both hardware and software, will be installed over eight years.
In addition to the supply of its own proprietary technologies, devices and services, Intermocc, has sourced certain software components of the health systems to be installed from HAS Solutions Pty Ltd ("HAS"). Based in Sydney, HAS is a leading supplier of information systems to health institutions. The supply of software licenses from HAS will be in accordance with the Memorandum of Understanding executed between Intermoco and HAS, as announced to the market last week.
AHL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held