Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA, XELAP), today announced a new framework contract with a public IT and communications service provider for several German federal states and tax administrations. The 3-year framework agreement enables Exela to deploy its Digital Mail Room (DMR) module as part of its XBP™ Global platform and provide mass digitization services estimated at $11 million total contract value based on expected customer volumes and market growth.
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