- ORCODA (ASX:ODA) signed a new SaaS contract with Mini Tankers Australia who form part of a larger nationwide organisation called Refuelling Solutions Australia.
- ORCODA will provide Mini Tankers with its logistics management system (OLMS) over a 3-year contract.
- ORCODA anticipates generating revenue in the range of $700,000 to $850,000 during the initial contract period before negotiating additional phase II services.
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Mini Tankers is part of a larger nationwide organisation called Refuelling Solutions Australia. Refuelling Solutions Australia provides direct-to-site fuel delivery services and fuel management processes throughout Australia. The deal has been signed for an initial three years.
“We are pleased that Refuelling Solutions has selected ORCODA’s software platform to support the management of its tanker fleet fuelling delivery operations,” ORCODA Managing Director Geoff Jamieson said. “This contract also highlights our commitment and ability to offer tailored solutions to clients with specific requirements.”
ORCODA will develop a custom order booking request platform for Refuelling Solutions. OLMS also includes the Orcoda Driver app which provides Refuelling Solutions’ fleet drivers with value-add features such as real-time updates and route optimisation, and the Notification app which allows Refuelling Solutions’ customers to monitor the status of their orders real-time.
ORCODA anticipates generating revenue in the range of $700,000 to $850,000 during the initial contract period. This revenue comprises fees from developing the booking platform, implementation and training, and monthly license fees. Additionally, once through to its second phase, OLMS will undergo further integration into Refuelling Solutions’ enterprise systems, pending a separate scope agreement to be determined at a later time.