Enlitic Secures Three-Year Deal with Philips Healthcare; Shares Up 13%

MT Newswires Live

2024/10/16

Software company Enlitic (ASX:ENL) said Philips Healthcare agreed to use the company's ENDEX platform under a three-year contract through its distribution partner Blackford, according to a Wednesday filing with the Australian Securities Exchange.

The initial agreement involves a limited number of sites, with potential for expansion, the filing said.

The company expects the deal to generate $100,000 to $380,000 in revenue per year, according to the filing.

Enlitic shares rose nearly 13% in afternoon trade.

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