RocketBoots secures contract renewal

RocketBoots (ASX:ROC), an AI software company, has renewed its SaaS contract with a major Australian retailer. This renewal extends a 7-year partnership and covers over 250 retail locations. The contract, valued at $339,000, is prepaid for one year with options for yearly extensions.

RocketBoots' strategic outlook

RocketBoots has successfully renewed its SaaS contract with a major Australian retailer, marking a continuation of their long-term partnership. The $339,000 contract, which is prepaid and non-refundable, spans over 250 retail locations and can be extended annually. RocketBoots is focused on expanding internationally, aiming to tap into the global retail, grocery, and banking markets. They are in advanced talks with several international enterprises to secure new opportunities. The company's AI technology aims to reduce operational costs and enhance customer service, positioning RocketBoots as a leader in retail and banking optimization.

CEO's insights on contract renewal

Our ability to retain and scale our software in key markets is a testament to our technology's effectiveness. Our loss prevention software plays a critical role in mitigating the impact of rising retail theft on profitability.