Swift Networks Group Limited announced it has entered into a new agreement to deploy the company's proprietary communication and entertainment solutions to the INPEX-operated Ichthys LNG's CPF and FPSO facilities. This contract will generate up front installation fees in Fourth Quarter Fiscal year 2022 and recurring revenues for 5 years. The Total Contract Value of the agreement is $2.9 million of which 84% is recurring revenue.

As part of this agreement, the Company's product, Swift Access will be installed in all cabins across the two facilities. A first for the Australian Mining and Resources industry, Swift Access offers the sector's only commercial casting solution that includes smart device setup, management and monitoring whilst maintaining user privacy. The solution will also provide access to Swift's extensive movie and entertainment library, tailored bandwidth management platform and includes support services.

Swift will also be installing a next-generation standalone wireless network.