A wholly-owned subsidiary of iWOW Technology has been awarded a contract worth an approximate value of $20 million for the installation and maintenance of smart city infrastructure for a Singaporean customer.

The contract will consist of supply and installation works, which is expected to be fulfilled over the next 12 months, a two-year defects liability period and a 10-year maintenance component, which is expected to commence subsequent to the defect liability period, up till the financial year ending March 31, 2037.

With the new contract in place, iWOW’s current order book has been lifted to approximately $106.5 million, a 26% increase from $84.7 million as of June 30.

The contract is not expected to have any material impact on the performance of iWOW’s financial year ending March 31, 2024.

iWOW Technology subsidiary awarded contract worth $20 mil

Qarbotech named winner of inaugural EQT Impact Challenge

MSCI boss warns of climate risks

Keppel to acquire 50% stake in European asset manager Aermont Capital for up to $517 mil

Local banks 'resilient' in 2023, but MAS warns of deteriorating asset quality, climate transition risks

The new kings and queens of content

Broker's digest: IHH Healthcare, FLCT, Boustead Singapore, BRC Asia, Starhill Global REIT, MPACT, Kimly

Cultural challenges in business diplomacy with China

Benign STI seen as investors pivot to foreign markets, growth stocks

Why the return-to-office wave is a wake-up call for businesses  

Developing robust AI strategies

Keys to becoming cyber resilient for healthcare organisations

Chip market troubles pose threats after AI euphoria

KKR is shrugging off 'fear in the market' to buy up risky debt

Thomson Medical receives additional one month to restore public float

Weekout (Dec 11): Janice Wong, Butcher’s Block, Cat Bite Club, 39+ Art Space

Musée Atelier Audemars Piguet takes visitors on a journey through the cultural legacy of the Swiss manufacturer 

Parmigiani Fleurier CEO Guido Terreni shares insights into the brand’s philosophy

A victory lap for the transitory inflation team

Shopping in the Garden City this Christmas

Singapore in 2024: Stepping into uncharted waters

Matter of time before Straits Times Index stages rally

Seatrium secures FPSO topside modules fabrication contract from MODEC

Yangzijiang Financial to start new ventures with departing CEO Toe; reaffirms buybacks

Is it time to add into S-REITs despite the sector's 7% gain in November?

Manulife US REIT units fall over 40% on debt restructuring plans, DBS downgrades to 'hold'

iWOW Technology subsidiary awarded contract worth $20 mil

Related News

Highlights

Qarbotech named winner of inaugural EQT Impact Challenge

Related News

Addvalue secures new orders totalling US$2.2 mil

CSE Global reports new orders growth of 82.9% y-o-y to $301.6 mil in 3QFY2023

Azeus secures HK$19.9 mil contract to provide IT professional services to HK government departments