RAS Technology Holdings (ASX: $RTH) announces strategic partnership with Waterhouse VC

RAS Technology Holdings Ltd (ASX: $RTH) has announced a strategic partnership with gaming and wagering industry investor Waterhouse VC Pty Ltd to accelerate its growth. The partnership aims to expand opportunities and the pipeline for RAS, with Waterhouse VC providing access to its extensive global network. Waterhouse Contractor will offer advisory services in relation to sales referrals, acquisitions, and other commercial deals, leveraging Racing and Sports core products and services including its trading technologies, complete racing solution stack, as well as premium content and analytics.

Executive commentary on the strategic partnership

RAS CEO, Stephen Crispe, expressed optimism about the partnership, stating, 'We continue to see strong growth ahead for the business with a record pipeline of opportunities across all geographies, which we believe will have a positive impact on the overall business and all stakeholders.' He further added, 'The strong Waterhouse brand combined with the power of Racing and Sports data, technology, and digital capabilities is expected to unlock new opportunities across all parts of the business, supported by new commercial models and complimentary verticals.' Waterhouse VC Managing Director, Tom Waterhouse, also shared his excitement, saying, 'We see significant opportunities to leverage the Waterhouse VC network to deliver commercial partnerships and potential significant revenue for RAS.'

Summary of the strategic partnership and outlook

RAS Technology Holdings Ltd (ASX: $RTH) has formed a strategic partnership with Waterhouse VC to accelerate its global growth and expand opportunities. The partnership involves Waterhouse VC providing access to its extensive global network and offering advisory services to leverage RAS's core products and services. The agreement includes the placement of shares and options, with performance-based milestones tied to shareholder value creation for delivering up to $35 million in new revenue. RAS CEO, Stephen Crispe, expressed confidence in the partnership and the future growth of the business, highlighting a record pipeline of opportunities. The company aims to unlock new opportunities across all parts of the business, supported by new commercial models and complimentary verticals. Waterhouse VC Managing Director, Tom Waterhouse, also emphasized the potential for significant revenue and commercial partnerships. The strategic partnership signifies RAS's ambitions for strong growth and value creation, positioning the company for a positive outlook in the global racing and wagering industries.