Beonic has landed a landmark AU$15.2 million contract to deploy its LiDAR passenger flow technology across seven major North African airports, marking a strategic expansion into the region ahead of a major 2030 sporting event.
- AU$15.2 million total contract value with Beonic’s share at AU$10.6 million
- Deployment across seven international airports in North Africa
- Initial proof-of-concept at primary gateway airport followed by full rollout within 12 months
- Contract term of 2.5 years with option to extend for 3 more years
- Supports operational efficiency and passenger experience ahead of 2030 international sporting event
Strategic Expansion into North Africa
Beonic Pty Ltd, a global leader in LiDAR-based passenger flow management technology, has announced a significant contract win with a major North African airport authority. Valued at AU$15.2 million, with Beonic’s share at AU$10.6 million, this deal represents the company’s largest contract in the region to date and marks its strategic entry into the North African aviation market.
The contract involves deploying Beonic’s cutting-edge LiDAR sensors across seven major international airports. The phased rollout will begin with a technical proof-of-concept at the country’s primary international gateway airport, followed by a full deployment across all seven airports within 12 months. The initial contract term is 2.5 years, with an option to extend for an additional three years, underscoring the long-term nature of this partnership.
Technology Driving Smarter Airports
Beonic’s LiDAR technology offers ultra-precise passenger flow mapping and queue detection, enabling airport operators to optimize terminal operations, enhance security, and improve the overall traveler experience. This technology is particularly timely as the region prepares for a major international sporting event in 2030, which is expected to drive significant increases in passenger volumes.
By providing real-time data on passenger movements, Beonic’s platform helps reduce congestion and streamline airport processes. The company will collaborate with a local systems integrator to ensure smooth deployment and ongoing support, leveraging regional expertise to maximize operational efficiency.
Financial and Market Implications
The contract’s financial structure includes installation and ongoing service fees, contributing to Beonic’s long-term Annual Recurring Revenue (ARR). The phased approach allows for initial validation through the proof-of-concept before scaling across multiple airports, mitigating deployment risks and demonstrating the technology’s value in a real-world environment.
CEO Billy Tucker described the contract as transformational, highlighting its scale and strategic timing. This deal not only strengthens Beonic’s global footprint, adding to its presence at major hubs like London Heathrow and JFK Terminal 4, but also positions the company for further expansion into the EMEA region and other emerging markets.
Looking Ahead
With deployment activities set to commence shortly, investors and industry watchers will be keen to monitor the progress of the proof-of-concept phase and subsequent rollout. The contract underscores the growing demand for advanced airport technologies that can handle increasing passenger flows efficiently and securely.
Bottom Line?
Beonic’s North African contract sets the stage for accelerated growth and deeper regional penetration in airport technology.
Questions in the middle?
- How will the proof-of-concept results influence the full rollout timeline and contract extension?
- What competitive advantages does Beonic hold against other passenger flow technology providers in the EMEA region?
- Could this contract open doors for Beonic in other sectors or regions ahead of the 2030 sporting event?