TIDMAIQ

RNS Number : 2339U

AIQ Limited

27 March 2023

27 March 2023

AIQ Limited

("AIQ" or the "Company" or, together with Alchemist Codes and Alcodes International, the "Group")

New Contract

AIQ (LSE: AIQ) is pleased to announce that Alcodes International, the Group's IT consultancy business headquartered in Hong Kong, has been awarded a contract to set up a virtual datacentre.

Under the terms of the contract, which is worth US$458,600, the Group will receive payment in tranches upon completion of milestones, with the project expected to be fully delivered in approximately seven months. For this project, the Group will perform the role of project manager and subcontract the technical delivery, such that the net benefit to the Group is the margin earned on the contract.

Edwin Li, Executive Director, said: "We are delighted to have received this contract, which is from a new customer. Following our successful delivery of a DeFi DEX and an NFT marketplace, it is great to now be providing a virtual datacentre - another key element of IT infrastructure. We look forward to delivering this project and to continuing to expand our business."

Enquiries

 
 AIQ Limited                         c/o +44 (0)20 4 582 3500 
 Harry Chathli, Chairman 
                                    ------------------------- 
 
 Guild Financial Advisory Limited 
  (Financial Adviser)                      +44 (0) 7973839767 
                                    ------------------------- 
 Ross Andrews 
                                    ------------------------- 
 
 Gracechurch Group (Financial PR)         +44 (0)20 4582 3500 
                                    ------------------------- 
 Claire Norbury 
                                    -------------------------

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

CNTSEMEFMEDSEFD

(END) Dow Jones Newswires

March 27, 2023 02:00 ET (06:00 GMT)

Aiq (LSE:AIQ)
Historical Stock Chart
Von Apr 2024 bis Mai 2024 Click Here for more Aiq Charts.
Aiq (LSE:AIQ)
Historical Stock Chart
Von Mai 2023 bis Mai 2024 Click Here for more Aiq Charts.