Orcoda
Orcoda
Orcoda Limited (ASX: ODA) (‘Orcoda’ or ‘the Company’), the integrated smart transport technology solutions provider, is pleased to announce its wholly owned subsidiary Future Fleet International Pty Ltd (“Future Fleet”) has secured substantial new sales orders in the first six weeks of the June 2024 quarter (“June quarter to-date”).

Highlights:

  • Strong start to June 2024 quarter, with Future Fleet securing multiple sales orders from new customers across transport, industrial and resources sectors
  • In aggregate, June quarter to-date orders exceed $640k with revenue expected to be booked over the next few months
  • Furthermore, these orders will contribute ~$300k in annual recurring software revenue going forward

Read the ASX Announcement HERE

Background:
Future Fleet is a Brisbane-based leading provider and innovator of fleet management systems, including telematics, asset tracking, AI-powered driver fatigue & distraction detection technology as well as cold chain logistics assurance services in Australia and New Zealand. Orcoda acquired Future Fleet on 1 July 2023 to complement Future Fleet’s fleet management systems with Orcoda’s transport booking, transport management and optimisation software capabilities.

Future Fleet’s key strategic priority in FY2024 has been the 3G to 4G/5G upgrades for existing customers’ vehicle fleets prior to the scheduled 3G network shutdown on 30 June 2024. This shutdown was recently extended by two (2) months to 31 August 2024. In addition to these upgrade works, Future Fleet continues to win new orders from both existing and new customers.

Geoff Jamieson, Orcoda’s Managing Director, said:

“These orders from new customers and the successful 3G to 4G/5G upgrades for existing customers demonstrate the strong momentum in Future Fleet and is a testament of the team’s dedication. I look forward to continued momentum within this business.

Future Fleet’s key strategy moving forward will focus on winning more new customer sales, supporting and upselling existing customers as well as capitalising cross-selling opportunities between Future Fleet and Orcoda.

I am excited about offering integrated tracking plus booking/optimisation transport solutions to our existing and prospective customers as they embark on or continue with their digital transformation journey.”

ACTA badge

Orcoda, Australia’s number one software provider for client management and transport technology, is proud to announce its role as the official Name Partner for the upcoming Australian Community Transport Association (ACTA) National Conference. The event, taking place next week on Wednesday and Thursday, will see Orcoda sharing the spotlight with its wholly owned subsidiary, Future Fleet, one of the nation’s leading telematics and transport technology providers.

As the demand for community transport in Australia continues to grow, providers are facing the dual challenges of moving more people while operating more cost-effectively. Orcoda and Future Fleet will be showcasing a comprehensive, integrated solution designed to meet these challenges head-on by helping organisations to aggregate, optimise, and automate their entire transport operation.

Conference attendees will get a firsthand look at Orcoda’s comprehensive software package, including the brand-new Customer Booking Portal and App. This powerful new tool empowers customers, carers, and agencies to book their own transport directly via a web portal or mobile app, providing them with greater independence and a complete record of past, present, and future bookings. The platform also supports administration teams by simplifying complex government DEX reports and integrating with accounting software to eliminate double handling.

Complementing this powerful software is the cutting-edge in-vehicle technology from Future Fleet. With over 20 years of trusted service, Future Fleet provides Australia-wide GPS fleet and asset tracking powered by IoT, AI, satellite, and 5G technology. A key focus at the conference will be on enhancing safety and compliance with innovations like:

  • AI-Powered Video Telematics: AI cameras that act as a trusted co-pilot, helping to prevent collisions and providing real-time in-cab driver coaching to reduce risky behaviours like mobile phone use and distraction.
  • SeatCheck: A safety system that detects wheelchair presence and ensures correct restraint usage, sending real-time notifications and violation reports to management.

As a proudly Australian-based team, Orcoda and Future Fleet are committed to continuously improving their platforms to better serve the community transport sector.

We invite all attendees to visit our booth to see how our fully integrated software and hardware solutions can drive efficiency and safety for your organisation.

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