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Norwood Systems Secures $2.98M Optus Contract, Boosts Global AI Voice Pipeline
4:40am on Monday 2nd of June, 2025 AEST
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Technology
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Norwood Systems Secures $2.98M Optus Contract, Boosts Global AI Voice Pipeline
4:40am on Monday 2nd of June, 2025 AEST
Key Points
Five-year $2.98 million contract signed with Optus for voicemail platform replacement
Early Optus project milestones delivered on schedule with initial cash receipts post-quarter
March quarter cash receipts improved to $159,000, with $735,000 received post-quarter
Convertible notes conversion and partial loan repayment strengthen balance sheet
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Norwood Systems (ASX:NOR)
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