COSOL Limited to provide an update in regard to significant new business wins in North America deploying Australian originated products and services. New contracts worth a combined circa AUD 4 million have been executed with customers of COSOL North America drawing heavily from the Company's propriety software and solutions including RPConnect software, Evergreen and upgraded Enterprise Asset Management as a Service (EAMaaS) platform. COSOL advises, the market sensitive aspect of this new business demonstrates the manner in which COSOL's evolving asset management platform is finding new ways to bring North American customers opportunities to optimise their operations and drive efficiencies and is delivering revenue synergies outlined as part of COSOL's acquisition strategy.

The contract wins details are: Arch Resources: $2.7 million, a three-year contract extension for managed services contract support using COSOL's Evergreen platform to maximise deployment of Ellipse software. SSR Mining Inc: initial contract value $488,000; data migration using COSOL's proprietary RPConnect software to bring all business units, in a $4.5 billion market cap mining group, into a standard SAP S4 environment. This includes RPConnect Licensing fees and the work is expected to be completed in Fiscal year 2023.

DeBeers Canada: $585,000 contract extension for additional De Beers business unit; data migration using RPConnect expected to be completed in Fiscal year 2023. DZSP 21: $258,000, the first North American contract for COSOL's Clarita team for EAMaaS (Enterprise Asset Management as a Service) for a defence services contractor located at US Navy base in Guam with revenue to be generated over 12 months.