Information Services Corp’s (TSE:ISV) Irish subsidiary Enterprise Registry Solutions Limited (ERS) has reached a deal to provide a safety regulation system to the Irish Aviation Authority (IAA).
The contract will pay ERS C$7 million for its system, known as RegSys, which is expected to go live in 2021.
An additional contract is expected for system support and maintenance.
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“This agreement with the IAA not only demonstrates the strong capabilities of our technology as a modern and advanced solution for aviation regulatory systems but also the confidence in our team to deliver a world-class product,” Information Services CEO Jeff Stusek said in a statement.
The RegSys system will provide the IAA with technology to handle licensing, registration, aviation security, air navigation regulation and safety management while providing a better user experience.
Information Services' share price rose 1.2% Wednesday to $15.86.
—Updated to include closing price—
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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