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iWOW Technology awarded smart metering contract worth up to $4.8 mil

Bryan Wu
Bryan Wu • 1 min read
iWOW Technology awarded smart metering contract worth up to $4.8 mil
WOW’s current order book stands at $106.1 million, a 25% increase from $84.7 million as at June 30. Photo: iWOW Technology
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In a bourse filing on SGX on Aug 23, iWOW Technology (SGX:NXR) announced that it has secured a contract worth up to approximately $4.8 million.

The company was awarded the contract in relation to the provision of smart metering maintenance and billing services for a leading commercial real estate services provider in Singapore.

The initial component, worth an aggregate value of approximately $2.3 million, is expected to be fulfilled over the next 60 months, barring unforeseen circumstances. This will consist of the provisions of smart metering equipment, smart metering system maintenance services and billing-as-a-service for utilities consumption.

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