Swift Media Ltd announced the signing of two new contracts with Rio Tinto and Atlas Iron Ltd to provide fit for purpose communication and entertainment systems at workforce accommodation villages with a combined total contract value of $1.2 million.
These two contracts are in addition to the $2.05 million of new contract wins announced to ASX on 8 April 2020, taking the aggregate total for the five deals signed to $3.25 million.
The company has been appointed by Rio Tinto to reactivate and expand the village entertainment system for the Western Turner Syncline 2 Project in the Pilbara region of Western Australia. Under the contract, Swift Media will provide television headend, network and CCTV installation works.
Swift Media has been appointed by Atlas Iron Ltd to design, supply and construct an entertainment system for the 136-man camp at Corunna Downs, also located in Pilbara region of Western Australia. Works include installing fibre optic cabling and a village wide network Wi-Fi.
Both projects are set to commence in Q4 FY20 with completion expected Q2 FY21. In addition, there is the scope for Swift Media to provide an ongoing content service on a fee per room basis.
CEO Pippa Leary said, “These two additional new contracts with Rio Tinto and Atlas Iron boost our total new contract value wins in the last week to $3.25 million. Our focused strategy to leverage our market leading share and deep expertise in Mining and Resources is delivering successful results and driving growth. We look forward to working closely with our partners on these projects.”