Nice to see these types of contracts ticking over when clients come to the end of their multi-year agreements.
For context this contract renewal sees an uplift of ~40% per annum compared to the original contract signed with Red5.
Some other things to note;
- Move from purely conventional drone services to hybrid on-site + remote autonomous ops.
- Integration of RocketDNA’s proprietary software stack (SiteTube®, automation).
- Greater ARR efficiency (higher ARR on a smaller TCV = richer service intensity)
Lets hope this quarter is one of delivery of multiple new and existing customer wins for the group to keep the on market interest + momentum flowing
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- Ann: RocketDNA Secures Contract with Vault Minerals
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Nice to see these types of contracts ticking over when clients...
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