IXUP awarded A$10 million contract for Ontario's online gambling self-exclusion platform

IXUP Limited (ASX: $IXU) has been awarded an initial 5-year contract worth over A$10 million to provide an online gambling centralised self-exclusion platform for the Canadian province of Ontario. The contract, secured in partnership with IC360, marks the company's entry into the North American market and is expected to be cashflow accretive from year one of operation.

Executive Commentary on Ontario Contract Win

The awarding of this contract to IXUP and its partner IC360 is a watershed moment for our Company and takes us into the rapidly expanding North American gaming market. We have worked hard to develop, launch and operate BetStop™ - the National Self Exclusion Register, for Australian citizens, which I am pleased to say has already performed over 15 billion self-exclusion checks in the first eleven months of operation. We believe this Ontario contract award now confirms our position as a global market leader in this rapidly emerging RegTech sector. We are now well positioned to bid for and secure additional State, Province or National centralised self- exclusion contracts around the world as demand for this important player protection software grows. Ontario has provided a strong endorsement of IXUP's world leading data collaboration technology, and we look forward to working with iGO and the operators in the province to provide important protections for the population of Ontario. We expect the contract to be immediately accretive to revenue and cashflow and we look forward to working with our partner IC360 to deliver this important gambling protection tool.

Summary of IXUP's Ontario Contract Win

IXUP Limited (ASX: $IXU) has secured a strategically important contract to provide the self-exclusion register for the Province of Ontario, Canada's largest gambling market. The contract, with a total estimated value of over A$10 million over an initial 5-year term, is expected to be cashflow accretive from year one of operation. This win highlights a significant benefit from the commercial partnership entered into between IXUP and IC360 and is considered highly strategic as it secures their entry into the North American gambling player protection market. The contract also confirms the application of IXUP's core collaboration technology in a leading global solution for secure, centralised online gambling self-exclusion. With the North American market expected to offer similar contract opportunities in the near future, IXUP is well positioned to capitalize on its success in Ontario and expand its presence in the region.