US Contract Update
US Contract Update 7 April 2020
Solution Dynamics (SDL or Company) noted in its Interim Report, released 27 February 2020, that
the Company had been selected as the preferred supplier of a comprehensive communications
software workflow platform. The customer is a major US-based technology company that provides
commerce solutions including technology for physical and digital communications.
SDL advises that Solution Dynamics Inc. (SDL’s US subsidiary) has now successfully concluded and
signed a multiyear contract. SDL’s solution will be delivered through its proven Jupiter platform to
enable businesses to access cloud-based print and digital services.
Businesses need solutions for their remote workers to access cloud based print and digital services
and facilitate customer communications. Jupiter provides a technology platform which links
together customer communication origin points such as ERP, transactional and marketing output
with production and fulfilment on a globally distributed basis. Closely integrated with over 300
service providers globally, customers can use a highly flexible web service API to achieve
simultaneous concurrent fulfilment across five continents, all while retaining visibility and control of
the process via an intuitive and mobile friendly web portal.
The global roll out of this new contract is expected to commence during April with full
implementation progressively over a number of phases in the coming 18 months. It has the
potential to have a material profit impact for SDL in FY2021.
Some revenues from this US contract are likely during the fourth quarter of FY2020. While SDL’s US
subsidiary is making substantial progress, the Company notes that the drop off in non-essential
communications for the New Zealand business is greater than initially envisaged (as are volumes
generally across the UK and US). SDL intends to apply for NZ government wage subsidy support to
ensure continuing employment of those New Zealand staff involved in servicing the domestic
business.
For further information please contact:
John McMahon
Chair
+61-(0)410-411 806
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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