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Norwood Systems Limited (ASX:NOR)

ALERT: Price-sensitive ASX Announcement for NOR
Current share price for NOR : $0.023 0.012 (109.09%)+
Announcement
Release
2 Jun 2026 9:56AM
Price at Release
$0.011
Full Release
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Summary
Norwood Systems Limited announced a contract enhancement worth an additional A$595,000 for its CogVoice project with a Tier 1 Australian telecommunications operator. This enhancement supports further solution refinement and implementation, emphasizing Norwood's strategic relationship and collaborative efforts with the customer. The CogVoice platform, leveraging advanced AI technologies, continues to progress under Norwood's leadership, as highlighted by CEO Paul Ostergaard. This additional contract value reflects the ongoing improvement and expansion of the original project scope, initially disclosed in March 2025.
Key Points
  • Norwood Systems has secured an additional A$595,000 of contract value for enhancement works related to its CogVoice project.
  • The enhancement works are associated with a Tier 1 Australian telecommunications operator.
  • This additional contract value is for further solution refinement and implementation activities.
  • The CogVoice platform is powered by advanced AI technologies.
  • The original contract was announced on 18 March 2025.
  • The additional revenue reinforces the strategic value and ongoing collaboration between Norwood and its customer.
  • Paul Ostergaard, CEO of Norwood, emphasized the ongoing project momentum and quality delivery.
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.