Company: NTWK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010127
Chunk: 123

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 123
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 and cloud services. Our team partners with businesses to create tailored solutions that drive innovation, efficiency and
growth.

Transcend™
AI Labs

We
are leading AI-driven innovation with our Transcend™ AI Labs, integrating advanced AI services into our product suite to solve
the unique challenges of BFSI, equipment and auto OEMs and dealerships. Our tailored solutions drive industry-specific advancements,
helping companies stay ahead in a competitive market.

Page 37

Highlights

Listed
below are a few of NetSol’s highlights for the quarter ended March 31, 2025:

    ●
    We
    entered into an agreement with a Chinese leasing company to deploy our Transcend Finance Suite, including Omni POS, Contract Management
    System, and a customized funding platform compliant with local regulations. The contract is expected to generate approximately $2.7
    million in revenues during the contract term.

    ●
    We
    partnered with Sindbad Management SPC to implement Transcend Finance Platform (Point-of-Sale, Credit Underwriting, Contract Management)
    under a scalable pricing model, supporting high-value asset financing and regional growth. The contract is expected to generate $1.7
    million in revenues during the contract term.

    ●
    We
    generated $1.1 million through modifications and system enhancements for multiple clients across diverse regions.

    ●
    We
    secured $1 million in additional revenue for the ongoing Transcend Retail Platform implementation for a U.S. auto manufacturer, driven
    by customizations to meet their evolving business needs.

    ●
    We
    amended an agreement with an existing UK/EU client that will provide additional revenue of €3 million, further strengthening
    the long-term partnership.

    ●
    We
    hired a Vice President of Artificial Intelligence, who has 15+ years in fintech, insurance, and entertainment, to lead Transcend
    AI Labs, accelerating our AI-first strategy in asset finance.

    ●
    We
    announced the go-live of our Transcend Finance platform for the Australian operations of a leading Japanese equipment finance company,
    building on our existing partnership in New Zealand and enhancing their regional operations with additional digital self-service
    solutions.

Management
has identified the following material trends affecting NetSol.

Positive
trends:

    ●
    According
    to S&P Global Mobility, the forecast for new vehicle sales worldwide in 2025 is 89.6 million units