RPM Automotive Group introduces new SaaS product suite through WHG partnership

RPM Automotive Group Limited (ASX: $RPM) has announced a strategic partnership with WHG Telematics to introduce a new Software as a Service (SaaS) product suite targeting heavy commercial fleet customers. This partnership aims to broaden RPM's range and create a new recurring revenue stream, initially estimated at up to $1 million in earnings for FY25, with solid potential for future growth. The introduction of this suite will enable RPM to offer an ecosystem of telematics, smart on-board mass, and technology products and related services, meeting the industry's needs for improved safety and compliance technology systems.

Executive Commentary on RPM's Partnership with WHG

RPM Automotive Group CEO Guy Nicholls expressed excitement about the partnership, stating, 'This is an exciting time for the company as we introduce cutting-edge technology, and a new style of product and service across our network, which includes SaaS recurring revenue. The introduction is timely with State-based legislation driving the adoption of safety and compliance regulations, for heavy commercial fleet operators nationwide being introduced in 2024. As such, we are well positioned to provide our commercial fleet customers with certified technology solutions that meet all compliance requirements and improves safety for all road stakeholders.'

Summary of RPM's Partnership Announcement with WHG

RPM Automotive Group's partnership with WHG Telematics marks a significant step in the company's expansion into the heavy commercial fleet market. The introduction of a new SaaS product suite through this partnership not only broadens RPM's range but also creates a new recurring revenue stream, initially estimated at up to $1 million in earnings for FY25. With the impending legislation driving the adoption of safety and compliance regulations for heavy commercial fleet operators, RPM is strategically positioned to provide certified technology solutions that meet compliance requirements and improve safety for all road stakeholders. The partnership is expected to scale and develop over the next 36 months, extending nationally across the RPM network and becoming a significant contributor to the Company's future earnings. This move aligns with RPM's ambition to lead as an industry pioneer in the Australian automotive aftermarket sector.