REG - Checkit PLC - Contract win

CheckitAnnouncement

01/02/2022 07:00

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RNS Number : 2252A  Checkit PLC  01 February 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
EU REGULATION 596/2014. UPON THE PUBLICATION OF THIS ANNOUNCEMENT THIS
INSIDE INFORMATION IS NOW CONSIDERED TO BE WITHIN THE PUBLIC DOMAIN.

 

1 February 2022

 

Checkit plc

 

("Checkit" or the "Group")

 

Contract win

 

Checkit plc (AIM: CKT) is pleased to announce it has signed a three year
contract with Biomat USA, Inc., a subsidiary of Grifols S.A. ("Grifols"). The
contract has a minimum total value of £2.8 million spread evenly over the
three year period, and will involve providing services to over 300 sites which
will see Checkit extend its US footprint within Grifols to initially five of
its US subsidiaries.

 

Grifols is a global leader in the production of plasma-derived medicine and
transfusion medicines. Headquartered in Spain, it has a worldwide network of
over 350 plasma centres, including more than 50 in Europe. With revenues of
€5.3bn (of which €3.6bn were generated from US operations during 2020),
Grifols employs 24,000 people providing products and services in more than 100
countries worldwide.

 

Of the total contract value, approximately 12% represents the renewal of
existing business with Grifols with the remainder representing upsell and new
business.

 

The agreement establishes Checkit as Grifols' partner of choice for the
provision of intelligent operations technology in the US. In addition,
expansion of the Checkit platform to cover Grifols' key countries of
operations in Europe is at advanced stages of discussion.

 

Additionally, Grifols plans to build 20 plasma centres in Egypt, with Checkit
having recently signed a separate three year contract to provide intelligent
operations services to the first ten of these.

 

Checkit CEO Kit Kyte said: "We look forward to the continued growth of our
relationship internationally. Our partners at Grifols already appreciate the
power of our monitoring services and the future addition of workflow
management will give them unprecedented levels of digital control and
data-driven insight, as we look for ways to streamline their complex, globally
distributed operations. This deal provides further confirmation of the
importance of our technology in enabling intelligent operations across
deskless workforces."

 

 

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.

 

Checkit has customers including the UK NHS, bp, Waitrose, Sodexo and Center
Parcs. The Checkit platform generates around 11bn data points per year from
sensors and digital workflows.

 

Checkit is headquartered in Cambridge, UK, with its operations centre in
Fleet, UK, and US office in Florida. The company has over 185 employees.

 

 

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