Vault Intelligence Limited announced a significant contract with SurePlan New Zealand for Vault's SoloDrive solution. SurePlan, has committed to contract for SoloDrive, which will deliver a minimum Total Contract Value (TCV) of AUD 12.4 million over the five (5) year term of the contract. Following this key contract success, Vault can confirm that Vault has already exceeded the market guidance of a minimum of AUD 10 million CARR (Contracted Annual Recurring Revenue) by the end of fiscal year 2020. Current CARR for fiscal year 2020 is approximately AUD 11 million. Vault will provide updated guidance no later than next quarterly report. The SurePlan agreement delivers a minimum of AUD 2.49 million CARR. Vault Solo continues to deliver significant growth with over AUD 26 million TCV in the last six months, a strong and qualified opportunity pipeline and a number of marquis customers now contracted. This contract is the second successive multi-million dollar Solo deal in the past four weeks, further demonstrating global and rapid momentum with a shortening sales cycle resulting from leading product with a compelling customer value proposition. Vault's SoloDrive is a powerful Driver Management solution focused on the driving behaviour of the individual, through a smart mobile app, which provides critical data to the individual to manage their own performance but also to the business to assist in education and management. SoloDrive has instant crash detection and alerting, also detecting key driving behaviours known to increase the risk of accident and costs for fleets. SoloDrive collects and provides data to the driver (and the company) on key risk and cost factors including; mobile phone handling, hard driving and speeding. With this knowledge, individuals improve their own driving, making roads safer and delivering demonstrable benefits to the organizations within which they work.