Further info from Qtrly about Tikride
Subsequent events and outlook post the reporting period, TikForce has announced an exclusive agreement with the Australian arm of global insurance and risk management services firm, Arthur J Gallagher (AJG) to offer a new insurance solution as part of the Company’s newly launched ride-share validation system, TikRide. The insurance policy offered by AJG will only be available to drivers using
TikRide. The TikForce platform automates the validation of driver credentials and will be used for the first time to manage and assess insurance risk for an insurer. Importantly, the agreement provides a strategic inroad for TikForce to apply their technology to the insurance market for the first time. In light of these agreements and the revenue potential that they bring, TikForce expects the next six months to be game changing for the Company. Investors can look forward to the Company providing further updates on the progress of existing contracts as well as the signing of new partners. “In the September quarter, TikForce signed a number of agreements with leaders in the HR and labour hire industry, which shows that more and more companies are recognising the potential of our solution,” said TikForce’s Chief Executive Officer, Kevin Baum. "The revenue potential of the agreements is significant and provides the
Company with a strong platform to grow the business in the 2017 financial year.”
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