COSOL Limited’s (ASX: COS) wholly owned subsidiaries, COSOL Australia and AddOns Inc, have been awarded new contracts on the strength of its proprietary digital solutions, RP Connect and Copernicus.
COSOL Australia was awarded a multi-year contract with Transgrid as part of its digital transformation programme that will see it replace its existing ERP platform (Hitachi Ellipse) and move to Oracle Financials and Field Service and as well as Maximo EAM.
This was a sole sourced contract after a demonstration of its data migration expertise. Central to the project win is COSOL’s proprietary data management solution, RP Connect, which will utilise the RP Connect – Data Vault Engine to store historical Ellipse data. The work will be completed in calendar year 2021 and incorporates a license fee for the use of RP Connect.
COSOL Australia was also awarded a new contract with Anglo Nickel a division of Anglo American Group. The contract is to provide data migration services as both divisions move from Ellipse and SAP ECC6 to SAP S/4 Hana.
COSOL Australia CEO, Scott McGowan, said the awarding of this contract has been a sole sourced engagement based on the success of COSOL’s work on previous data migration projects with Anglo American Group. The work will also utilise COSOL’s proprietary digital solution, RP Connect, and its Legacy Data Viewer module as the quality of data becomes paramount to the success of the overall Anglo American Group.
The fact that COSOL has been awarded these new contracts further demonstrates the strength of COSOL’s capabilities to work with major companies as they navigate major digital transformation projects,” Mr McGowan said.
“In addition, it also reinforces the capability of RP Connect as a product of choice to provide a data management solution that can deliver ease of access to legacy data that is critical as companies migrate from one system to another.”
COSOL’s wholly owned subsidiary AddOns Inc, based in Denver Colorado, was also awarded a new contract with Australian owned mining company Ioneer.
The contract is the first of a potential three phased agreement to support the initial growth of Ioneer as it establishes its Rhyolite Ridge Lithium-Boron Project in Nevada, USA. The project will see COSOL become the partner of choice to work on the implementation of the Hitachi Ellipse Finance module. This will allow Ioneerto improve its decision-making capability and gain greater access to mission critical information on a timely and accurate basis. The utilisation of COSOL’s proprietary digital solution, Copernicus, a preconfigured out of the box system that bundles Hitachi Ellipse and Ellipse analytics will allow rapid deployment of the enhanced service.
AddOns Inc CEO, Max Rogers said, the award of this contract continues COSOL’s longstanding position as the global leader in Hitachi Ellipse implementations and management and combines COSOL’s unique IP with modules of the Ellipse EAM platform to provide a tailored solution to a company in its initial phase of growth.
“We are delighted to be partnering with Ioneer as they grow their business here in the US and we appreciate that they have entrusted us with the management and implementation of a digital transformation project that will set them up for success in the future,” Mr Rogers said.
“Copernicus is ideally suited to assist in the transition to a new EAM platform and to support the businesses need for additional capability and output from its EAM system. We look forward to continuing to support Ioneer as it grows into the future.”
