Empired Limited has secured a new Managed Services contract with Horizon Power in Western Australia. The contract is for an initial term of three years, plus two one-year options to extend allowing the provision of services for up to five years. Across the potential five-year term, the Managed Services Contract has an estimated value of $15 million based on an estimated base services revenue of approximately $3 million per annum. In addition to the base services Empired will have the opportunity to provide a range of project services. Empired will provide a range of modern digital managed services to Horizon Power's network, cloud, security, infrastructure and core business applications. Empired has worked with Horizon Power for over 6 years and under a separate contract currently provides the infrastructure component of these services. The existing contract will expire and the new expanded contract will commence on 1 October 2021. Horizon Power is a State Government-owned, commercially-focused corporation that provides safe and reliable power to about 100,000 residents and 10,000 businesses across regional and remote Western Australia.