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Talius Secure Additional ~$1.3 Million Dollar Order

21 June 2023 13:12
ASX: HSC

Talius Group’s major contract with Keyton Retirement Villages continues to pay dividends for the Company, with Keyton placing an order for an additional 3100 units of Talius’ next-generation aged care assistive technology solutions.

Additional Orders

This latest order is forecasted to deliver the Company $1.3 million dollars in revenue and will bring the total number of units ordered by Keyton since Talius secured the major contract in October of last year to 13,100, with the Company steadily rolling out delivery of units across Keyton’s entire retirement village portfolio which comprises 16,000 residences over 75 villages.

Units delivered under the contract include the full range of products powered by Talius’ Smart Care Platform, providing Talius’ Care@Home Hub and extra peripherals to improve the quality of life within Keyton’s retirement villages, with services offered on a subscription basis on Talius’ smart care platform.

Products with the Care@Home line include emergency call buttons, communicators, emergency pendants, smoke and flood detectors and chair, bed and door sensors.

Delivery of this order is expected to begin in Q3 2023, with rollout anticipated across the rest of the calendar year.

Growing Profile

This is now the third order Talius has received from Keyton for its next-generation assistive technology solutions, with the retirement village provider ordering five thousand units upon locking in the contract, before ordering a further five thousand in mid-February, which when combined should deliver the Company a forecasted revenue in excess of $6.4 million dollars.

The contract was first secured as part of a major upgrade and refurbishment to the emergency call systems at Keyton’s Retirement Village, and Keyton’s repeated orders for further units demonstrate the success of Talius’ assistive technology solution in improving quality of life and productivity at Keyton’s villages.

Keyton also isn’t the only company noticing Talius’ game-changing technology, with the Company extending its relationship with ACH group last year with a half-a-million dollar contract to supply and install next-generation assistive tech to the new Healthia facility in South Australia.

On top of forecasted revenue, due to the nature of Smart Care’s subscription basis, this additional order should net Talius further revenue down the line post-rollout.

TAL’s Australian Stock Exchange-listed share price was trading at 1.1c today (12.54 pm UTC+ 8 hours)

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