SPI inks contract with international client

Publicly-listed information technology (IT) firm SPI Technologies has signed a major production contract with a new international client that is expected to bring in over P30 million in annual revenues for the company.

SPI president and CEO Ernest Cu told the Philippine Stock Exchange that the American Geophysical Union (AGU) has contracted them to be its primary production vendor.

AGU is an international leader in the field of geophysical science publishing. The contract with SPI involves the electronic production of content for AGU’s range of prestigious scientific research publications. Since last year, the two parties have collaborated in developing an innovative article-based publication model, which is considered a new paradigm in the delivery of leading edge content to the global research community.

"Based on the success of the pilot, we are pleased that AGU has selected SPI as its primary production partner. We have won this because of the quality output we deliver and the superior customer service that AGU experienced during the pilot phase," Cu said.

He added that with SPI’s diversification strategy for scholarly publisher services (SPG), more long-term partnerships can be established in this emerging business field.

SPI is an globally-certified provider of outsourced IT services which include content conversion, litigation support, software services and call or contract center services.

In three quarters this year, SPI and its subsidiaries a net loss of almost P50 million, slumping from a P12.2 million income last year due to a huge 93-percent rise in its operating expenses. – Conrado Diaz Jr.