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Flexiroam Limited (ASX:FRX)

ALERT: Price-sensitive ASX Announcement for FRX
Current share price for FRX : $0.017 -0.002 (-10.53%)+
Announcement
Release
18 Mar 2026 8:27AM
Price at Release
$0.019
Full Release
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Summary
Flexiroam Limited, listed on the ASX as FRX, announced an expansion of its enterprise relationship with a major global airline to include aircraft operational data connectivity, enhancing the existing staff connectivity. This expansion is part of a broader strategy to grow within large enterprise accounts using a land-and-expand model. Additionally, Flexiroam has secured a partnership with Paydibs, a Malaysian payment technology company, to provide embedded connectivity for their NEO smart payment terminal. These agreements, with varying terms, are expected to generate recurring revenue streams through data subscriptions and device fees, although exact revenue figures are not yet quantifiable. These developments strengthen Flexiroam’s enterprise momentum and demonstrate the strategic validation of their connectivity platform.
Key Points
  • Flexiroam Limited expands partnership with a top-10 global airline.
  • New agreement includes aircraft operational data connectivity.
  • Flexiroam also partners with Paydibs for embedded connectivity in payment devices.
  • Partnership with Paydibs involves their NEO smart payment terminal.
  • Revenue from agreements comes from data subscriptions and device fees.
  • The airline agreement has a 12-month term; Paydibs agreement is two years with renewals.
  • Flexiroam's strategy focuses on land-and-expand model.
  • CEO Jefrey Ong highlights strategic validation and confidence in enterprise pipeline.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.