Beonic Secures AU$15.2 Million Contract to Deploy LiDAR Passenger Flow Technology Across Seven North African Airports

Beonic Pty Ltd, a global leader in LiDAR-based passenger flow technology, has secured a significant contract with a major North African airport authority to deploy its cutting-edge LiDAR passenger flow technology across seven major international airports. This milestone agreement marks Beonic's strategic entry into the North African aviation market and represents a significant expansion of its international airport portfolio. The contract is valued at AU$15.2 million, with Beonic's share valued at AU$10.6 million, and is expected to contribute meaningfully to the company's long-term Annual Recurring Revenue (ARR).

Key Takeaways:

• Beonic has secured a contract with a major North African airport authority to deploy its LiDAR passenger flow technology across seven major international airports.
• The contract is valued at AU$15.2 million, with Beonic's share valued at AU$10.6 million.
• The initial rollout will commence at the country's largest international airport, with full deployment across the remaining airports within 12 months.
• The contract is for an initial 2.5-year term, with an option to extend for a further 3 years, providing significant long-term revenue potential for Beonic.
• The deployment of Beonic's LiDAR passenger flow technology is expected to optimize operations, security, and traveller experience in terminals across the seven airports.
• Beonic's innovative LiDAR-based passenger flow management solution provides ultra-precise people flow mapping and queue detection, enabling airport operators to reduce congestion and deliver an improved passenger experience.

Statistics:

• AU$15.2 million: Total contract value.
• AU$10.6 million: Beonic's share of the contract value.
• 7: Number of international airports across North Africa that will be deploying Beonic's LiDAR passenger flow technology.
• 12 months: Timeframe for completing the full deployment of Beonic's technology across the seven airports.
• 2.5 years: Initial term of the contract, with an option to extend for a further 3 years.
• AU$15.2 million: Total contract value broken down into AU$10.6 million for Beonic's share and AU$4.6 million for the local technology provider's share.

Sources:

• Beonic Pty Ltd, AU$15.2 Million Contract to Deploy LiDAR Passenger Flow Technology Across Seven North African Airports.
• Beonic Pty Ltd, Beonic Secures AU$15.2 Million Contract to Deploy LiDAR Passenger Flow Technology Across Seven North African Airports.