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Swift TV Limited (ASX:STV)

ALERT: Price-sensitive ASX Announcement for STV
Current share price for STV : $0.008 -0.003 (-25%)+
Announcement
Release
9 Jun 2026 8:40AM
Price at Release
$0.010
Full Release
download
Summary
Swift TV Limited (ASX: STV) has secured a $2.9 million contract with Chevron to provide Swift TV subscription services at the Wheatstone site over a five-year term. This contract, which is Swift's first significant recurring revenue contract in the Oil & Gas sector, reflects strong customer confidence and marks the transition of the site from legacy services to the Swift TV platform. The agreement also includes renewals at additional Chevron sites and combines consumer streaming services with proprietary communications and engagement functionality. The deployment, already completed, ensures immediate commencement of revenue and represents a strategic move for Swift TV in expanding its presence in enterprise environments.
Key Points
  • Swift TV Limited signed a $2.9 million contract with Chevron for the Wheatstone site.
  • The contract spans five years and involves providing recurring Swift TV subscription services.
  • This marks Swift TV’s first major deployment in the Oil & Gas sector.
  • The agreement transitions the Wheatstone site from legacy services to Swift TV.
  • The contract includes renewal of existing Swift services at other Chevron sites.
  • Swift TV integrates consumer streaming with proprietary communication and engagement functionality.
  • The contract reflects strong customer confidence in the Swift TV platform.
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.