Skyfii Ltd (ASX:SKF, OTC:SFIIF) has secured several new contract wins in the global airport vertical during the last five months with a combined total contract value of US$2 million (A$2.9 million).
The contracts include:
- Phoenix Sky Harbour International Airport. The ninth busiest airport in the USA by passenger boardings has signed a 5-year deal for a LiDAR-based queue analytic system to improve the passenger experience across five security checkpoints.
- Newark Liberty International Airport. The 14th busiest airport in the USA by passenger boardings has signed a 3-year agreement with Skyfii for the provision of a security-focused video analytics solution.
- Miami International Airport. The 10th busiest airport in the USA has signed a 5-year deal to upgrade one of its 10 security checkpoints to Skyfii’s leading LiDAR technology.
- Aberdeen Airport, with more than 3 million passengers processed every year, has engaged Skyfii for the deployment of LiDAR technology across the airport's security checkpoints.
- VIP Lounges Brazil has signed a contract for the provision of WiFi services across four airports and a further five airport VIP lounges in Brazil.
Strong demand continues
The strong demand for SKF’s queue management solution for ticketing and LiDAR-based security checkpoint solutions comes as Christmas travel and the use of mass transit hubs began to ramp up.
SKF’s solutions allow airports to gain a complete view of passenger movement through their venue from the curbside all the way to the gate, delivering insights that improve the passenger experience and create efficiency in airport operations to improve throughput.
The company’s technology is now deployed across several of the busiest airports in the USA including JFK, Austin and Charlotte and several of the world’s largest airports outside of the USA, including Sydney International and London Stansted Airport.
SKF is focused on new client growth as well as growth within its existing airport portfolio as Skyfii technology deployments have to date been limited to one or a select number of terminals, check-in halls or security checkpoints.
The addressable market within the existing customer base is highly material as airports look to passenger flow analytics to measure and manage the entire passenger ‘curb to gate’ experience.
Creating greater efficiencies
“We are extremely pleased to partner with Phoenix Sky Harbour International Airport, Miami, Aberdeen, VIP lounges and Newark Liberty International Airports to provide accurate and actionable data that creates efficiencies in operations and improves the passenger experience through these busy venues,” SKF CEO Wayne Arthur said.
“The expansion into these major airports further strengthens our position as the leading provider of passenger flow analytics to the airport industry where we already service major airports such as Sydney International and London Stansted.
"We are continuing to see very strong demand for our industry-leading LiDAR solutions, across a range of verticals, which coupled with our strong project pipeline provides us continued confidence in our guidance of delivering sustainable positive cash flow in 2H FY23 and achieving A$20 million in ARR.”