Board Update, Product Launch and Commercial Update

Summary by 6ix AI

The company has appointed Darc Rasmussen as Executive Chairman to enhance its executive capability and is searching for a Chief Product Officer. Urbanise launched its AI Assistant at a major industry conference, aimed at improving customer retention and competitive differentiation. The company reports early success in converting customers from legacy systems to its cloud-based platform, with two contracts signed this month. Urbanise expects continued cash outflows as it builds its new banking and payments integration, targeting positive cash flow in the following year.

Written by 6ix AI from the company’s filing. How 6ix writes summaries