Sagtec (SAGT) Global announced the successful delivery of the first phase of its previously disclosed US$10 million smart hospitality contract in the United Arab Emirates, UAE, in partnership with SMD Tech – FZCO. The Company has received the first milestone payment, validating both project execution and commercial delivery. The deal, originally announced in July 2025, is structured with over 60% of total value as multi-year recurring revenue, covering software licensing, analytics, hosting, and long-term service. The project remains on schedule for full delivery in 2025, with corresponding revenue capture anticipated within the current fiscal year.
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