Empired Limited has secured a Managed Services Contract with the Environmental Protection Authority (EPA) of Victoria. The contract is for an initial term of four years, plus two one-year options to extend allowing the provision of services for up to six years. Across the potential six-year term, the Managed Services Contract has an estimated value of $52 million based on an estimated base services revenue of approximately $8.8 million per annum. In addition to the base services Empired will have the opportunity to provide a range of digital project services. Under the contract Empired will provide a range of modern digital managed services across EPA's cloud platforms, networks and business applications which are predominately Microsoft based. Empired will also provide a DevOps approach to underpin ongoing, iterative enhancements to core systems ensuring systems do not go "stale" and remain relevant to changing business needs. Empired will commence transition of services over the course of the first half of FY22 and expects to be have all core services in place by January 2022. The contract will not require any capital investment by Empired however, Empired does anticipate some operating expenses during the transition period.