Sagtec Global Secures Milestone in Innovative Software Project
Sagtec Global's Major Achievement
KUALA LUMPUR, Malaysia — Sagtec Global Limited (NASDAQ: SAGT), a prominent player in enterprise software solutions, is excited to announce the successful milestone reached in its contract for smart hospitality projects in the United Arab Emirates. The project, valued at US$10 million and executed in collaboration with SMD Tech, has officially progressed to the first phase, demonstrating strong project execution and solid commercial delivery.
A Summary of the Agreement
Originally outlined in mid-2025, this agreement is structured such that over 60% of its total value consists of multi-year recurring revenue. This includes software licensing, comprehensive analytics, hosting solutions, and extended service coverage. The timelines for full delivery remain intact with expected revenue recognition this current fiscal year.
Statements from Company Leadership
Kevin Ng, Chairman and CEO of Sagtec Global, shared his thoughts on the milestone achieved: "This reflects not just operational success, but also underscores our capability in monetizing large-scale SaaS contracts. It enables us to generate substantial recurring cash flow and advance our strategy in an ever-growing international market." He elaborated on the disciplined execution and robust partnerships that support their endeavors.
Expanding Product Offerings
Sagtec is also thrilled to share the successful deployment of its Speed+ Smart Ordering System, which contributes to a promising US$30 million pipeline across Southeast Asia. This cloud-based solution is specifically crafted for the food and beverage and hospitality sectors, finely tuned to improve service efficiency while increasing revenue for clients.
Strategic Growth in Key Markets
The progress in the UAE complements Sagtec’s broader strategy of scaling vertically integrated SaaS platforms. This reach spans multiple sectors including hospitality, food and beverage, and smart infrastructure, with a clear focus on delivering monetizable outcomes. Ng emphasized the visibility of revenue streams and the confidence they bring ahead of the company's next earnings cycle.
Market Potential and Opportunities
With the UAE hospitality market projected to expand to over US$37.7 billion by 2033, Sagtec's strategic positioning in the Middle East is vital. This growth trajectory aligns with the region's shift towards smart tourism and enhancing digital-first guest experiences, positioning the company favorably for future opportunities.
Commitment to Sustainable Growth
Sagtec Global remains committed to achieving margin-accretive growth through product innovation and geographic expansion. The company is focused on increasing long-term shareholder value, backed by a strong balance sheet and growing recurring revenue base.
About Sagtec Global Limited
Sagtec Global is at the forefront of technology, delivering customizable software solutions tailored to the hospitality and enterprise sectors. In addition, the company operates digital infrastructure and analytics services via its Malaysian subsidiary, CL Technologies.
Contact Information
For any inquiries, please reach out to:
Ng Chen Lok
Chairman, Executive Director & Chief Executive Officer
Telephone: +6011-6217 3661
Email: info@sagtec-global.com
Frequently Asked Questions
What recent milestone has Sagtec Global achieved?
Sagtec Global has successfully completed the first phase of a $10 million smart hospitality contract in the UAE.
What is included in the contract with SMD Tech?
The contract includes software licensing, analytics, hosting, and long-term service, with over 60% of its value as recurring revenue.
What technology does Sagtec Global offer?
Sagtec provides customizable software solutions tailored for hospitality, food and beverage sectors, including their Speed+ Smart Ordering System.
What is the projected growth in the UAE hospitality market?
The market is expected to reach over $37.7 billion by 2033, offering significant opportunities for Sagtec Global.
Who can be contacted for more information about Sagtec Global?
Inquiries can be directed to Ng Chen Lok, CEO, via email or phone.
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