Amidst its restructuring and share price problems, Brocker Technology Group has announced a major contract with Queensland-based energy retailer Energex to provide a billing and meter data management solution.
Energex is to use Brocker’s solution to monitor usage by its industrial customers every 30 minutes – tariffs vary on the time of the day – and then bill them.
The tender has been awarded to Brocker’s Australian-based technology services company, Datec, with another subsidiary as an approved sub-contractor.
Brocker resumed trading on the Nasdaq on March 9 after a company-wide review by PricewaterhouseCoopers found accounting irregularities confined to its Australian computer distribution arm. But Brocker’s share price was mid-week trading at $US0.375, down from the $US0.48 it was trading at when suspended.
Brocker must now look to lift this share price, as the Nasdaq’s minimum bid price for continued listing is set at $US1.