Company Interview / Swift's FIFO foundation built as it eyes the US

Key points:

Five-year Swift TV subscription contract with Chevron on a take-or-pay basis Expansion focus on oil and gas, remote workforce, mining, aged care and US hospitality $2.3m capital raise and debt-to-equity conversion to fund inventory and growth

Brian Mangano from Swift TV states that a new five-year subscription contract with Chevron builds on an initial deployment of the Swift TV business-focused digital platform across more than 2,000 screens at remote workforce accommodation. Mangano notes that the agreement is on a take-or-pay basis, with revenue potentially increasing during major maintenance shutdowns. He views this as strong endorsement of a product only officially launched two weeks ago, and adds that Swift TV is both Google and Netflix certified for business environments.

Mangano outlines further deployments across oil and gas, including Shell Prelude and INPEX operations, and sees broader potential in remote workforce accommodation, mining and aged care. In Australia, he estimates visibility over a pipeline of about 75,000 rooms, including an early rollout with Opal Healthcare across multiple sites. The platform’s user interface is described as customisable, supporting both guest-oriented hospitality and resident-focused aged care use cases.

To accelerate growth, Mangano reports a $2.3 million capital raising and debt conversion alongside the Chevron deal, with Pure Asset Management converting $430,000 of debt to equity. He adds that Swift TV is preparing a US hospitality push, launching at a major hotel technology conference in Texas and seeking reseller partners.