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KUALA LUMPUR - Sagtec Global Limited (NASDAQ:SAGT), a technology company with a market capitalization of $28.11 million and impressive revenue growth of 77.6% in the last twelve months, has secured a $10 million contract with UAE-based SMD Tech FZCO to develop and manage hotel self check-in/out systems across premium hospitality properties in the United Arab Emirates, according to a press release statement.
The agreement includes software licensing, systems integration, data analytics, and maintenance services, with over 60% of the contract value representing multi-year recurring revenue streams. The contract is broken down into $4 million for licensing and custom software development, $3 million for a five-year service and maintenance agreement, and $3 million for a five-year data hosting and analytics contract. According to InvestingPro analysis, the company maintains a healthy current ratio of 2.01 and strong cash flows to cover its debt obligations.
The deal marks Sagtec’s entry into the hotel automation segment and expands its presence in the Middle East market. The company will provide integrated hotel check-in/out automation, unified integration platforms for backend operations, automated room key card dispensing systems, and custom-built self check-in kiosks.
This agreement follows Sagtec’s May 2025 announcement of a $30 million revenue pipeline from its Speed+ Smart Ordering System, diversifying the company’s SaaS offerings beyond the food and beverage sector.
According to the press release, the UAE hospitality market is projected to reach $37.7 billion by 2033, growing at a compound annual growth rate of 5.2% from 2025 onwards.
Sagtec Global Limited primarily provides customizable software solutions for the food and beverage sector, while also offering software development, data management, and social media management services. The company additionally operates power-bank charging stations at 300 locations across Malaysia through its subsidiary. Trading at $2.24, the stock has seen significant volatility, with InvestingPro data showing a 37.8% decline over the past six months despite maintaining a strong gross profit margin of 27.45%. InvestingPro subscribers have access to 8 additional key insights about SAGT’s financial health and growth potential.
In other recent news, Sagtec Global Limited has announced several significant developments. The company has signed a definitive agreement to acquire an 80% equity stake in Smart Bridge Technology Limited, an AI software firm. This acquisition, valued at $17.6 million, is expected to enhance Sagtec’s offerings by integrating Smart Bridge’s AI capabilities, with plans to launch AI-powered SaaS modules in 2025. Additionally, Sagtec has secured $5 million in contracts in Southeast Asia for its AI and robotics platforms, aiming to establish a $50 million revenue pipeline. The contracts include the deployment of autonomous robotic units and a CRM project, contributing significantly to Sagtec’s SaaS revenue pipeline.
In another strategic move, Sagtec has entered into a $30 million Master Dealership Agreement with Dubai-based SMD Tech FZCO to distribute its Speed+ Cloud-Based Smart Ordering System in Dubai. This partnership is expected to generate substantial revenue over five years, leveraging the UAE’s growing digital economy. Furthermore, Sagtec has launched its Speed+ Smart Cloud Ordering Software in Indonesia, marking the start of its expansion in Southeast Asia. These developments underscore Sagtec’s strategy to drive recurring SaaS revenue and expand its market reach across various regions.
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