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RocketBoots Ltd. ( (AU:ROC) ) just unveiled an update.
RocketBoots Limited has successfully converted a trial with a major Australian retail bank into a contract rollout for its AI-powered software, marking a significant milestone in the company’s operations. This rollout, which is expected to generate approximately $190K in the first year, will extend to additional branches across Australia and is part of a broader strategy to optimize customer service and cost efficiency in retail banking operations. The company’s CEO, Joel Rappolt, highlighted the faster trial-to-contract conversion as a testament to the product-market fit and the company’s capabilities. RocketBoots is also engaged in advanced discussions with 14 international enterprise customers, indicating potential expansion across various sectors.
More about RocketBoots Ltd.
RocketBoots Limited is a company focused on empowering large retailers and banks to operate their networks more efficiently by reducing operational expenses and losses while enhancing service, sales, and customer loyalty. The company achieves this through its AI-driven software solutions, which transform video into performance improvements using cloud computing, simulation, and advanced analytics. Their core products include Adaptive Loss Prevention, Workforce & CX Optimisation, and Branch Value Optimisation.
Average Trading Volume: 230,165
Technical Sentiment Signal: Buy
Current Market Cap: A$21.41M
See more insights into ROC stock on TipRanks’ Stock Analysis page.