Business & Finance |
Jane Morgan Management

Purchase Orders for Over $1M Received from Aged Care & Housing Group Inc

HomeStay Care Limited (ASX: HSC) (“HSC”, or the “Company”) is pleased to announce that the Company has received a further purchase order for approximately $550,000 (“Purchase Order”), from the Aged Care & Housing Group Inc (“ACH Group”), relating to a further three sites of residential care in South Australia (“Project”).

 

Highlights


  • HSC has received a further purchase order for approximately $550,000, from the ACH Group pursuant to tender.
  • HSC to deliver assistive technology to a further three additional sites of residential care in South Australia. 

As announced on 28 January 2020, HSC was awarded a tender to provide assistive technology to nine ACH Group sites in South Australia. The ACH Group tender sought a solution targeting efficiency and optimisation through the use of IoT technology, across its nine residential aged care sites, which currently includes more than 800 residents collectively.

 

HSC previously announced the receipt of a purchase order for approximately $500,000 for the first site at Kapara in Glenelg (refer to Company Announcement dated 28 January 2020) and this subsequent Purchase Order relates to a further three sites. The order is subject to variation depending on the rollout of the Kapara Site and will be invoiced in accordance with project delivery schedule following completion of Kapara.

 

HSC Managing Director, Graham Russell, commented: “We are pleased to receive another purchase order from the ACH Group to rollout a further three sites. We are confident that the Essence APAC IoT technology assists the improvement of the lives of ACH Groups aged residents, and our team is currently working to deliver our technology to the Kapara site and we look forward to the successful roll out of all sites in the near future.”

 

For further information please contact

 

Jane Morgan

Investor Relations

0405 555 618

jm@janemorganmanagement.com.au

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