EPX Lands $5.3M Contract to Cut Energy Costs Across 10 UAE Hospitals

EPX’s Strategic Entry into UAE Healthcare

EPX Limited (ASX – EPX) has announced a major new contract with RAFED Healthcare Supplies LLC, a subsidiary of a leading UAE healthcare provider, marking a notable expansion into the healthcare sector. The seven-year agreement, valued at approximately A$5.3 million, will see EPX deploy its proprietary EDGE technology across 10 hospitals and clinics in the United Arab Emirates.

This contract represents a significant milestone for EPX, which has been steadily building its presence in the UAE market. The company’s EDGE platform is designed to enhance building energy performance, delivering measurable reductions in energy consumption and carbon emissions. For healthcare facilities, where operational efficiency and sustainability are increasingly critical, this technology offers both cost savings and environmental benefits.

Technology and Market Positioning

EPX’s EDGE platform is a cloud-based system that collects and analyses vast amounts of building data to identify inefficiencies and optimise energy use. With over 700 buildings under management globally, EPX leverages advanced algorithms and machine learning to deliver an average 21% reduction in energy consumption. The UAE contract will extend these benefits to a new vertical, healthcare, which demands high reliability and precision in energy management.

CEO John Balassis highlighted the importance of recent local accreditations, including ESCO and BEMAS certifications, which enhance EPX’s credibility and competitive edge in the region. These endorsements align with the UAE’s broader sustainability ambitions and regulatory environment, positioning EPX as a preferred partner for energy optimisation projects.

Financial and Strategic Implications

The contract’s annual value exceeds A$700,000, with a projected total of AED14.6 million over seven years. While currency fluctuations may affect the AUD equivalent, the deal provides EPX with a stable revenue stream and a platform for further growth in the Middle East. The rigorous tender process underscores the competitive nature of the market and EPX’s ability to differentiate itself through technology and local expertise.

Looking ahead, the partnership with RAFED Healthcare Supplies LLC could open doors to additional projects within the healthcare sector and beyond, as sustainability and cost efficiency remain top priorities for facility owners worldwide.