Adacel Technologies Limited announced the successful award of a significant contract valued at approximately USD 7 million over 11 years. This award was the result of a highly competitive selection process. Under this contract, Adacel will deliver a comprehensive range of solutions to a military organization of a NATO nation.

Approximately 35% of the contract value will be earned within 12 months of signing the contract with the balance being earned throughout the term of the contract tied to the delivery of certain milestones and the provision of support services. The contract includes standard termination clauses typical for such agreements.