TOTM Technologies Secures Major Contract for 3.5 Million ABIS Licences in Indonesia

Key Highlights from the Press Release

• TOTM Technologies Limited has announced that its wholly-owned subsidiary, PT. International Biometrics Indonesia (“InterBio”), has secured a significant new contract for the issuance of approximately 3.5 million Automated Biometric Identification System (“ABIS”) licences in Indonesia.
• The contract was awarded via InterBio’s reseller partner, PT Indonesia Comnets Plus (“IconPlus”), on 2 February 2026.
• The aggregate value of the contract is approximately IDR 9.6 billion, equivalent to around S\$728,000.
• This award is part of the ongoing national ID enrolment and biometric deduplication initiative for Indonesian citizens, reinforcing the Group’s strategic role in supporting Indonesia’s digital identity infrastructure.

Implications for Shareholders and Potential Share Price Impact

• Continued Client Confidence: The additional issuance of ABIS licences signals strong and ongoing confidence from Indonesian partners in InterBio’s technical capabilities and its consistent track record of delivery. This repeat business is a positive sign for shareholders.
• Revenue Growth: The contract represents a material addition to the company’s revenue stream, contributing further to its financial performance in 2026. Investors should note the potential for this to positively impact future earnings.
• Strategic Positioning: TOTM Technologies’ involvement in national-scale digital identity projects strengthens its reputation and visibility in the biometric technology sector across Asia Pacific. The company’s ability to manage and maintain large biometric databases (with experience supporting over 200 million enrolled citizens) is a significant competitive advantage.
• Expansion of Platform Offerings: Beyond government-led identity programs, TOTM Technologies is also expanding into sector-specific solutions such as the Maritime Cloud Platform (“MCP”), supporting digital identity and access control in the maritime industry.
• Innovation Pipeline: The company has launched TOTM Labs, an innovation and research unit focused on disruptive technologies including blockchain and artificial intelligence, potentially opening up new commercial and partnership opportunities.
• Regulatory and Listing Status: TOTM Technologies is listed on the Catalist Board of the SGX-ST, and its announcements are reviewed by its sponsor, UOB Kay Hian Private Limited, although not examined or approved by the SGX-ST.

Company Overview

TOTM Technologies Limited is an integrated solutions and services provider specializing in identity management and biometric technologies. Leveraging strategic technology partnerships, the Group has delivered biometric solutions for public sector and enterprise projects worldwide, including North America, Europe, Middle East, Asia Pacific, Latin America, and Africa. Its core multimodal biometric technologies—facial, fingerprint, and iris recognition—have achieved top-tier performance in National Institute of Standards and Technology (“NIST”) benchmarks. The Group also supports electronic Know Your Customer (“eKYC”) services for financial institutions and law enforcement.

In addition to its government sector work, the company is developing platforms for maritime and other industries, and its innovation unit, TOTM Labs, is exploring emerging technologies such as blockchain and artificial intelligence.

Investor Considerations

• The announcement of a new contract for 3.5 million ABIS licences is a clear indication of TOTM Technologies’ growing footprint in Indonesia and the region.
• The contract value of S\$728,000 should be assessed in the context of the company’s overall revenue and future growth opportunities in the digital identity market.
• Shareholders should monitor further developments, including additional contract wins, new technology launches, and sector platform expansions, all of which could positively influence the company’s share price.
• The increasing adoption of biometric identification systems globally presents significant long-term growth potential for TOTM Technologies.

Contact and Further Information

For more details and investor queries, please contact:
Tel: +65 6970 1971
Email: [email protected]
Visit www.totmtechnologies.com or connect via LinkedIn, Instagram, and YouTube for ongoing updates.

Disclaimer

This article is for informational purposes only and does not constitute investment advice, an offer, or solicitation to buy or sell any securities. Investors should conduct their own due diligence and consult with professional advisors before making investment decisions. The information provided is based on publicly available data as of the date of this publication and may be subject to change.

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