ODA announces $900,000 contract with Transitcare
New contract with TransitCare is to supply a specialised fleet of vehicles and drivers to supplement TransitCare as their service continues to grow
Contract facilitates growth in revenue as more Orcoda vehicles are added to the fleet
Orcoda Limited (ASX: ODA) (“Orcoda” or “the Company”), the resources, healthcare, and transport logistics and services optimisation company, is pleased to announce that its wholly owned subsidiary Orcoda Healthcare Logistics has signed a contract to supply specialised vehicles and drivers to long time partner and leader in community transport, TransitCare.
Orcoda’s new contract with TransitCare is to supply a specialised fleet of vehicles and drivers to supplement TransitCare as their service continues to grow. The 40 month contract (which includes 2, 1-year option periods) is expected to generate revenue for Orcoda in the vicinity of $900,000 and will facilitate further growth in revenue as more Orcoda vehicles are added to the fleet.
Terry O’Toole, CEO of TransitCare said:
“We are currently bidding on some very large contracts to expand the Transitcare capability throughout Queensland. Orcoda’s state of the art transport technology platform “OLMS” has facilitated the ability for Transitcare to grow and Orcoda will play a major role in our ongoing business through their provision of vehicles and drivers to our network and through their ongoing support of OLMS. I look forward to continuing to work with the Orcoda’s innovative team and professional drivers as we win further contracts and grow our service base”.
Geoff Jamieson, Orcoda Managing Director said:
“It is great to expand the working relationship with Transitcare who are a leader in their field and a great partner for Orcoda. Both organisations are working closely in developing the OLMS platform capability and the customer service delivery to a very high standard. We look forward to working together in growing our respective businesses”.
Attached Figure 1: Orcoda Vehicle