Applabs Technologies has picked up a $115,000 contract with Positiv Flo to develop an innovative new product with the health and fitness firm.
Applabs Technologies has picked up a $115,000 contract with Positiv Flo to develop an innovative new product with the health and fitness firm.
The Perth-based design company will develop an iPhone and Android application, as well as a mobile optimised web app for Positiv Flo.
As part of the contract, Applabs will retain a 5 per cent equity holding in Positiv Flo for nil consideration.
“Positiv Flo offers a fresh new innovative approach to the health and fitness industry with an easy to adopt service, offering seamless processes and with the ability to be monetised immediately,” Applabs managing director Stuart Kidd said.
“By retaining an equity holding in Positiv Flo it will allow our shareholders to benefit in the success of the application.”
The project is to be completed over the next four to five months, with work beginning immediately.
Applabs’ share price rose by 2.56 per cent to 20 cents at 10:40am WST.