TOTM (SGX:42F) technologies secured renewed and new contracts in Indonesia worth over SG$6.1 million, according to a Friday filing with the Singapore Exchange.
Shares of the identity management company surged over 13% in Monday trading.
The contracts, secured through subsidiary, International Biometrics Indonesia, included a contract to provide annual technical support for Indonesia's national ID system and issuance of ABIS licenses and a maritime cloud platform contract by ASDP Indonesia Ferry to provide an integrated vessel maintenance management system to 160 vessels.
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