REG - Checkit PLC - Contract Renewal

CheckitAnnouncement

04/05/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220504:nRSD1944Ka&default-theme=true

RNS Number : 1944K  Checkit PLC  04 May 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF UK MARKET
ABUSE REGULATION. UPON THE PUBLICATION OF THIS ANNOUNCEMENT THIS INSIDE
INFORMATION IS NOW CONSIDERED TO BE WITHIN THE PUBLIC DOMAIN.

 

4 May 2022

 

Checkit plc

("Checkit", the "Company" or the "Group")

 

Contract Renewal

Checkit plc (AIM: CKT) is pleased to announce it has signed a two-year
renewal contract with Center Parcs Limited ("Center Parcs"). The contract,
which has a minimum total value of £360,000 (including £52k of upsell) over
the two-year period, will see Checkit provide its platform and Internet of
Things (IoT) technology to all Center Parcs' locations across the UK and
Ireland.

Center Parcs owns six leisure destinations across the UK and Ireland,
encompassing over 90 food outlets. Center Parcs uses Checkit to digitise its
operations, automate repetitive manual tasks and drive cost savings including
over 20,000 hours of staff time a year.

Checkit CEO Kit Kyte said: "Center Parcs is leading the adoption of sensor
& software technology to augment its business and digitise food
operations. We look forward to expanding our technology to additional areas of
the business and delivering further real-time insight to accelerate
data-driven business decisions.''

 

 Enquiries:

 Checkit plc                                                           +44 (0)1223 643313
 www.checkit.net
 Kit Kyte (Chief Executive Officer)
 Greg Price (Chief Financial Officer)

 Singer Capital Markets (Nominated Adviser & Broker)                   +44 (0) 20 7496 3000
 Shaun Dobson / Harry Gooden / George Tzimas (Investment Banking)

 

 

About Checkit

 

Checkit is the intelligent operations platform for deskless workforces,
enabling operational agility and intelligent decision-making in large
multinational and complex national organisations. The solution offers optional
plugins for sensor networks and smart building management.

 

The Checkit Connect platform prompts, guides, captures and analyses frontline
activities through digital workflows. Real-time data is captured from multiple
workplaces. The platform empowers leaders to comprehend and continually
improve processes, enhancing innovation, productivity, efficiency, energy
usage, waste reduction, customer experience, safety and compliance.

 

Checkit provides intelligent operations tools to the retail, franchise,
healthcare, life sciences, facilities management, catering, manufacturing,
hospitality and commercial property sectors.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  CNTGZGGKLFGGZZM