archTIS Limited announced that the Company has entered into a new contract to expand and enhance the existing deployment of Kojensi within Defence. The total contract value is $7,031,750 (inc. GST). This includes $3,438,050 in recurring revenue payable over a two-year period along with services, support and hardware contracts worth $3,593,700, payable on delivery.

The contract term commenced upon execution 23 June 2022, and continues until 30 June 2024, with an option for the customer to extend for a further 12 months on the same terms. The contract can be terminated for convenience. However, the contract provides for acceptance and payment of deliverables prior to the date of termination, together with any reasonable costs attributable to the termination.