The Technology Division continued to be heavily affected by Covid restrictions, but signed a seven-year agreement in
May 2021 with a North American manufacturer that services primary industries to supply LaserBond cladding
equipment during FY22, providing upfront revenue of $1.5 million, with ongoing licence fees and expected
consumables sales of circa $0.8 million. The business expects to sign a further two such agreements in the current
financial year with revenue contributions flowing through in the same year, and plans to maintain this sales level in
future years.
WOW this wonderful co also masters of understatement.
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