AD1 Holdings Limited (ASX: AD1) (AD1 or the Company) is pleased to announce that its utilities division has signed a five (5) year agreement with energy retailer Locality Planning Energy (LPE).

Key points:

~ Since May 2018, AD1’s utilities division has provided LPE with its billing & operations SaaS solution and related managed services for its on-market customers.

~ New 5-year agreement will expand the current scope to also include Energy Sales Intelligence (Acquire) and Customer Portal (Zone) solutions for LPE’s entire client base.

~ The agreement is structured to assist LPE drive important cost efficiencies reducing the cost-toserve and offer an enhanced customer experience supported by cutting-edge technology.

~ Based on LPE’s current customer numbers, AD1 is expected to generate total revenue of approximately $10 million over the term of the agreement (approximately $2 million per annum), more than doubling its current revenue with this customer.

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