EP&T Global's strategic agreement

EP&T Global (ASX: EPX) has entered a significant agreement with FirstGroup Plc in the UK, securing an annual revenue stream exceeding A$500,000. This partnership will see the reinstatement of EP&T's EDGE Industrial (Coda) technology at over 200 sites, primarily train stations and bus depots, focusing on energy monitoring and optimization.

Agreement details and future prospects

EP&T Global has signed a binding agreement with FirstGroup Plc, reinstating its EDGE Industrial (Coda) technology at over 200 sites in the UK. This technology, aimed at optimizing energy usage and reducing carbon emissions, introduces EP&T to the UK bus and rail property sector, which holds substantial expansion opportunities. The projected annual contract value exceeds A$500,000. This strategic move aligns with FirstGroup's sustainability goals and enhances EP&T's market presence, demonstrating the company's commitment to expanding its technological solutions and supporting global sustainability efforts. EP&T is also in discussions to potentially expand the agreement to include more FirstGroup sites.

Executive insights on the partnership

CEO John Balassis expressed enthusiasm about the partnership with FirstGroup and the opportunity to contribute to carbon reduction and energy savings.