The contract, won by its subsidiary AJJ Healthcare Management, follows earlier wins, bringing total revenue from such contracts to more than $5 million.
The products are to be delivered over the next three to five years which the company says will give it a stable revenue base and long-term earnings visibility.
“Crossing the $5 million milestone is more than a commercial achievement; it validates AJJ as a trusted Singapore-owned healthcare brand with an ISO 13485-certified quality system," says CEO Alice Zhao.
"By securing long-term recurring contracts with the healthcare institutions and medical academies, AJJ has strengthened both our revenue visibility and our strategic relevance within Singapore’s healthcare ecosystem," she adds.
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The company plans to further scale its business by rolling out home-based robotic technologies and age-friendly care solutions, with an eye on an ageing population.
