Yojee Limited announced that the subscription orders have been signed with two existing global Enterprise Clients, client agreements under Appendix A: Enterprise Clients 1 and 3. Initial
subscription orders signed are for a subscription period of 4 months. The signing of these first subscription orders marks a significant strategic event for Yojee as part of the commercialisation phase of the Connected Warehouse solution. Fees charged are based on a monthly subscription fee for the software solution (IoT dashboard) and revenue generated from a number of variable factors including warehouse floor area and number of items tracked. The commercial beta period is for 4 months with agreement provisions for multi-year renewals. In Yojee's view, sales generated from subscription orders are currently not initially material to existing sales revenues over the contract term however will update in the future when this may change.