ID8 0.00% 1.2¢ identitii limited

Ann: Standard Chartered Bank Signs Licence Agreement, page-3

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    23 September 2021 – Identitii Limited (ASX:ID8) (Identitii, Company) has signed a Master
    Technology Agreement (MTA) plus a 3-year licence agreement with Standard Chartered
    Australia (SCB). Under the terms of the agreement, SCB will licence Identitii’s new Software-asa-Service (SaaS) platform, initially in Australia. SCB is the second global correspondent bank to
    sign a master technology (services) agreement and the fourth global brand to sign a multi-year
    contract with Identitii.
    The MTA also provides the opportunity for Identitii to further expand its partnership with SCB
    businesses in other locations. Activity and revenue are laid out in Order Forms (Statements of
    Work), the first of which is worth $0.3M to Identitii. Either party has the right to terminate the
    contract for any reason, with 90 days’ notice.
 
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