iWOW Technology Awarded Contract Potentially Worth Over SG$50 Million

MT Newswires

02/03

iWOW Technology (SGX:NXR) was awarded a contract for he design, supply, installation, commissioning, operation and maintenance of the WAAS front-end system, from a Statutory Board potentially worth more than SG$50 million.

The project also includes an additional option for the customer to extend for a period of five years and add an aggregate value of up to SG$30 million, which will bring the total value of the contract to roughly SG$80 million.

The base award raises the group's current order book to SG$130 million, according to a filing with the Singapore Exchange on Friday.

Shares of the company were up over 6% in recent trading.

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