Nexbis signs Maldives contract

Nexbis signs Maldives contract

Mobile security solutions provider Nexbis (ASX:NBS) has signed its 20-year contract with the immigration department of the Maldives.

The agreement, first announced (ASX:WSY) three weeks ago, will see Nexbis build and supply a border control system for the country.

Commercial terms have not been disclosed for national security and confidentiality reasons.

But Nexbis said it expects revenue contribution from the project starting this financial year. NBS shares are today trading 1.43% higher at $0.071.

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Tags mobile applicationsNexBisbusiness dealsASX:NBS

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