Knosys Limited (ASX: KNO) Signs Contract Extension with Optus
Contract Extension Details
Knosys Limited (ASX: KNO) has confirmed a new contract extension with Optus for its KnowledgeIQ platform. The extension is for one year, with the option for a further year, potentially exceeding $2.4 million in value. This agreement secures a partnership extending to January 2026, with an option to continue through January 2027.
Commitment to Knowledge Management
Managing Director John Thompson expressed optimism regarding the renewed partnership, stating, “This further contract extension allows us to continue our partnership with Optus and further develop the knowledge management solution to meet their future business needs.” He highlighted a focus on improving the artificial intelligence capabilities of KnowledgeIQ and integrating it with customer AI programs within the next two years.
Ongoing Revenue Visibility
Thompson also noted recent contract extensions from other major customers, including Service Tasmania, Health Direct, and Singtel. He stated, “This provides visibility on our recurring revenue base over the years ahead and enables us to make strategic investment decisions on the further development of this and other solutions in the portfolio.”
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