Swift Networks Group (ASX:SW1) signed a three-year agreement with Shell for their Prelude vessel to install Swift Access, with Swift's Secure Casting and provide ongoing Swift support services, according to a Tuesday Australian bourse filing.
The Prelude vessel is a floating liquefied natural gas platform located offshore Western Australia.
The total contract value is AU$804,191, and the subscription revenue from the Swift Access and Swift support services will start on March 1.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.