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iWOW Technology Limited ( (SG:NXR) ) has shared an announcement.
iWOW Technology Limited has secured a significant contract for its Wireless Alarm Alert System (WAAS), aimed at providing emergency assistance to elderly residents in Singapore’s public housing. The contract, expected to generate around S$50 million over ten years, involves the design, installation, and maintenance of this system using LoRaWAN technology. There is also an optional five-year extension that could increase the contract’s value to S$80 million, as well as optional eldercare solutions that could further enhance the contract’s worth. This development solidifies iWOW’s position in the IoT service market, potentially expanding their reach and impact in eldercare technology solutions.
More about iWOW Technology Limited
iWOW Technology Limited is a Singapore-based company specializing in IoT-as-a-Service (IaaS) solutions. They focus on providing wireless alert systems, particularly aimed at enhancing safety and assistance for vulnerable communities.
YTD Price Performance: -5.26%
Average Trading Volume: 22,185
Technical Sentiment Consensus Rating: Buy
See more insights into NXR stock on TipRanks’ Stock Analysis page.
