Read the Full Announcement here
Highlights
- ORCODA Limited’s wholly owned subsidiary The Betta Group has signed a ~$6.8 million purchase order contract with ASX 100 company Aurizon (ASX:AZJ) to install and commission remote controlled signalling at 6 of its Newlands locations at the Bowen Basin, Central Queensland.
- The purchase order revenue is expected to be earned from the second half of 2023 to the first half of 2024.
ORCODA, the leading transport optimisation and transport infrastructure company, is thrilled to announce a significant milestone as its subsidiary, The Betta Group, enters into a purchase order contract with Aurizon. This contract, valued at approximately $6.8 million, will see The Betta Group install and commission remote controlled signalling at six locations in Newlands, within the Bowen Basin in Central Queensland.
Aurizon, Australia’s largest rail transport business and a top 100 ASX company, has chosen ORCODA’s subsidiary to undertake this crucial infrastructure project. The Statement of Works signed between The Betta Group and Aurizon will span from the second half of 2023 to the first half of 2024, bringing immense value to both parties involved.
Geoff Jamieson, ORCODA’s Managing Director, expressed his excitement about this, stating, “This contract win demonstrates our ability to win and execute large projects, cementing our position as a trusted transport infrastructure contractor in the Central Queensland region. We are proud to continue serving our core clients such as Aurizon. I have full confidence that the Betta team, led by Rae Jeffrey, will deliver an optimal outcome for Aurizon in this project.”
The long term relationship between The Betta Group and Aurizon is a testament to ORCODA’s growing momentum and reputation in transport infrastructure. The company has consistently showcased its expertise in logistics optimisation and transport infrastructure, positioning itself as a reliable partner for leading companies with a Smart City vision.
This contract win follows ORCODA’s recent achievements, including the successful win of the Aurizon Callemondah LED project, and a $4.1m major works contract with Yurika (part of Energy Queensland), as well as welcoming Northline, a leading national logistics operator, into its portfolio of esteemed clients for ORCODA’s proprietary transport software.
