Skyfii Ltd (ASX:SKF, OTC:SFIIF) has signed key contracts in the global airport vertical with a combined total contract value of A$1 million for its SaaS cloud-based services that help physical venues use data to measure, predict and influence visitor behaviour.
The omnidata intelligence company has partnered with Charlotte Douglas International Airport and Las Vegas McCarran International Airport in the US and Adelaide Airport in Australia to provide accurate, actionable data that creates efficiencies in airport operations and passenger journeys.
Skyfii remains focused on delivering organic growth with new product development and is anticipated to deliver another year of double-digit recurring revenue growth in FY22.
“Growth in airport vertical”
Skyfii CEO Wayne Arthur said: “We are extremely pleased to partner with Charlotte Douglas International Airport, McCarran International Airport and Adelaide Airport to provide accurate, actionable data that creates efficiencies in airport operations and passenger journeys.
“These deals, with a TCV value of A$1 million reflect the positive momentum we are building in the airport vertical and further supports our transformative acquisition of CrowdVision earlier in 2021.
“With flight numbers and passenger movements recovering in the USA and Europe to pre-COVID levels, and the reopening of international travel in Australia, we expect to see continued growth in the airport vertical.”
Investors have also welcomed the new contracts, with shares up 10.53% to A$0.105.
Key contracts
Skyfii has signed a three-year deal for a queue analytics system to improve passenger experience at Transportation Security Administration (TSA) checkpoints at Charlotte Douglas International Airport in the US.
At Las Vegas McCarran International Airport, the TSA has partnered with the company’s new acquisition Crowdvision for an initial three-year term.
CrowdVision is one of several emerging technologies being piloted in the Innovation Checkpoint at Las Vegas McCarran, aimed at increasing security effectiveness, enhancing the passenger experience and improving the TSA officer workplace.
Adelaide Airport has signed a five-year agreement to deploy CrowdVision’s passenger queue monitoring and crowd analytics solution.
The passenger analytics data will allow Adelaide Airport staff to help reduce wait times and improve the passenger check-in and security screening experience.