IXUP announces multi-year agreement for SEAF project deployment

IXUP Limited (ASX:IXU) has successfully executed a multi-year contract with The Western Australian Biodiversity Science Institute (WABSI) to deploy its Secure Data Engine Technology, in collaboration with Microsoft, for the Shared Environmental Analytics Facility (SEAF) project. The initial deployment will focus on the Pilbara and Cockburn Sound regions, testing the core workflows of the technology using constrained data points.

Executive Commentary on SEAF Project Deployment

We are extremely proud to formalise this contract for the initial deployment of IXUP's secure data collaboration technology within the SEAF project, which was developed in close partnership with Microsoft and a range of other large government and commercial organisations. This contract marks an important step forward for our company and the validation of our secure data engine technology. We look forward to demonstrating success on the SEAF project, which we expect will highlight the clear commercial value of our technology which has applications to a range of other secure data sharing applications both domestically and internationally.

Summary of IXUP's SEAF Project Agreement

IXUP Limited (ASX:IXU) has finalized a multi-year agreement with The Western Australian Biodiversity Science Institute (WABSI) to deploy its Secure Data Engine Technology integrated with Microsoft Azure for the Shared Environmental Analytics Facility (SEAF) project. The initial deployment will focus on the Pilbara and Cockburn Sound regions, with potential expansion planned post successful deployment. The contract delivers a minimum revenue guarantee to IXUP and positions the company for potential further national and global opportunities in secure environmental data collaboration applications. The success in the Pilbara region alone has the potential to generate up to $1.6 billion in net present value (NPV) over the next ten years. IXUP expects this initiative to enhance sales prospects and pipeline growth across its business, enabled by a high-profile reference site and demonstrated application of its technology.