Source - LSE Regulatory
RNS Number : 2339U
AIQ Limited
27 March 2023
 

27 March 2023

 

AIQ Limited

("AIQ" or the "Company" or, together with Alchemist Codes and Alcodes International, the "Group")

 

New Contract

 

AIQ (LSE: AIQ) is pleased to announce that Alcodes International, the Group's IT consultancy business headquartered in Hong Kong, has been awarded a contract to set up a virtual datacentre.

 

Under the terms of the contract, which is worth US$458,600, the Group will receive payment in tranches upon completion of milestones, with the project expected to be fully delivered in approximately seven months. For this project, the Group will perform the role of project manager and subcontract the technical delivery, such that the net benefit to the Group is the margin earned on the contract.

 

Edwin Li, Executive Director, said: "We are delighted to have received this contract, which is from a new customer. Following our successful delivery of a DeFi DEX and an NFT marketplace, it is great to now be providing a virtual datacentre - another key element of IT infrastructure. We look forward to delivering this project and to continuing to expand our business."

 

 

Enquiries

 

AIQ Limited

c/o +44 (0)20 4582 3500

Harry Chathli, Chairman




Guild Financial Advisory Limited (Financial Adviser)

+44 (0)7973839767

Ross Andrews




Gracechurch Group (Financial PR)

+44 (0)20 4582 3500

Claire Norbury


 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
CNTSEMEFMEDSEFD
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJ Bell logo

Related Charts

Aiq Limited (AIQ)

-1.18p (-39.17%)
delayed 11:52AM