Company Interview / Swift aims to become "the Apple TV for business"

Key Points:

Swift TV (ASX:SW1) signs five aged care providers and Chevron for new connected TV product Company anticipates strong recurring revenue and enhanced margins via hardware-enabled SaaS model User-friendly interface, AI-learning, security features target diverse commercial environments No immediate plans for further capital raising due to strong demand and completed development

Swift TV (ASX:SW1) has secured a significant contract with five leading aged care providers, marking what managing director Brian Mangano calls a major step forward for the company. The technology firm, which delivers connected TV and communication solutions across sectors such as aged care, mining, oil and gas, and hospitality, is rolling out its first new product offering in four years. Mangano highlights the product’s new interface, hardware design and remote control, likening it to an “Apple TV for business”. This new device aims to make any television smarter, allowing easy content management and integration for residents or guests. Production of the new box commenced recently, and Mangano reports overwhelming initial demand following a soft launch at an industry conference, with almost the entire first production run already accounted for.

Chevron has also agreed to purchase 2,000 units, a deal Mangano sees as pivotal for Swift TV’s global expansion. He underscores a long-term, recurring revenue outlook, with customers such as Chevron potentially opting for five-year subscription models. Shifting focus to their own products over reselling other solutions, Mangano expects stronger margins and a greater emphasis on recurring earnings moving towards FY26.

Mangano states the product offers user-friendly features across care levels, AI-enabled learning for personal preferences, integrated security, and convenient management tools. Following capital raising in October, Mangano expects ongoing uptake and industry endorsement to support organic growth, reducing the need for further capital in the short term.