Home Online gaming ASX Tech Stocks: IXUP Enters US Online Gaming and Sports Betting Markets; jump 16pc

ASX Tech Stocks: IXUP Enters US Online Gaming and Sports Betting Markets; jump 16pc

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Data analytics player IXUP (ASX: IXU) posted a net share price jump of 16.7% today after announcing the signing of a pilot collaboration agreement with Conscious Gaming and GeoComply Solutions Inc.

The move will see the company develop the next generation of online betting and unauthorized bettor exclusion products, leveraging its secure data collaboration technologies.

The collaboration involves the integration of IXUP technology into GeoComply’s “PlayPause” multi-state self-exclusion product to add additional functionality, encryption-based data security and product scalability.

The IXUP-powered “PlayPause” product will then be tested in proof-of-concept trials with key market players in the United States before being jointly marketed by GeoComply and IXUP.

“For some time, we have been evaluating opportunities for our secure data collaboration technologies in the lucrative US sports data and digital sports betting and gaming markets, which are experiencing once-per-generation growth rates due to deregulation. US online gaming markets, ”said Marcus Gracey, CEO of IXUP.

“This collaboration with GeoComply and Conscious Gaming is an ideal opportunity to present the application of our technology in this highly regulated market where the treatment of sensitive data is essential, with serious consequences in the event of non-compliance. “

“The collaboration will involve the secure interaction of databases containing sensitive personally identifiable information provided by the teams and leagues themselves, which will then form the basis for excluding unauthorized bettors from betting with betting operators. sport bets.”

GeoComply has a 100% market share in the United States for its deposit fraud reduction services. Its software is installed on more than 400 million devices worldwide and analyzes more than 3 billion transactions per year, IXUP said.

ESG software platform provider K2fly is up 7.1% today after signing a five-year contract with Rio Tinto (ASX: RIO) for its soil disturbance solution that will be deployed in its Pilbara iron ore operations in Western Australia.

The contract will generate annual recurring revenue of AU $ 620,000 and has a total contract value of AU $ 3.44 million (including one-time implementation costs).

“We are delighted to continue to expand our relationship with Rio Tinto to Ground Disruption,” said K2fly CEO Nic Pollock.

“Efficient soil disturbance systems are the glue of operations that wish to ensure technical assurance around land management, maintain an operating license and ensure high ESG standards. “

“We are delighted to be working closely with Rio Tinto on a number of key ESG solutions globally. “

Rio Tinto now uses five of the company’s nine existing solutions, which already include: Resource Inventory and Reconciliation, Dams and Tailings, Community and Heritage, and Mine Geology Data Management.

Robotics technology company Fastbrick Robotics rose 5.71% today after signing a contract to supply its Wall-as-a-service platform to a third-party residential real estate developer, using the Hadrian X construction robot ®.

The contract is for a development site in St James, Western Australia, under which FBR will construct the slab, footings, load-bearing walls, second-story slab and roof trusses of eight two-story townhouses .

“We are delighted to add this great project to our portfolio of work, having spent the last 12 months bringing the Hadrian X® into the real world construction environment to validate our breakthrough technology with some of the world’s leading builders. ‘Western Australia,’ FBR said managing director and CEO Mike Pivac.

“Now that we have demonstrated all the advantages offered by Hadrian X®, we will now accelerate the use of our technology, while continuing the development work in our R&D center. “

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