REG - Checkit PLC - Contract Win

CheckitAnnouncement

02/07/2024 07:00

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RNS Number : 6751U  Checkit PLC  02 July 2024

2 July 2024

Checkit plc

("Checkit" or the "Group")

 

 Contract Win

 

Checkit (AIM: CKT), the automated monitoring platform for operational leaders,
is pleased to announce a significant expansion with an existing UK customer.

 

Checkit has signed a new contract with an integrated energy company to provide
real time operations management capabilities to 150 additional franchisees in
the UK.  The sites will be installed in tranches over the duration of the
32-month contract. The full value of the contract is worth c.£250,000
annually and is additional to the contract announced on 15 April 2024 for 50
franchisees. The franchise operations for this customer represents an
opportunity of twice the number of existing company owned locations globally,
and Checkit is hopeful of signing further similar contracts with this
customer.

 

Commenting on the news Kit Kyte, Chief Executive Officer, said:

 

"This latest win continues to validate our 'land and expand' strategy and
demonstrates continued momentum in the UK. I am delighted to continue to
expand our relationship with this strategic customer and I am excited by the
opportunities for further expansion globally."

 

For further information, please visit www.checkit.net (http://www.checkit.net)
or contact:

 

 Checkit plc                                              +44 (0) 1223 643313

 Kit Kyte (Chief Executive Officer)

 Greg Price (Chief Financial and Operations Officer)

 Singer Capital Markets (Nominated Adviser & Broker)      +44 (0) 20 7496 3000

 Shaun Dobson / James Fischer

 Tavistock (Financial PR)                                 +44 (0) 20 7920 3150

 Lulu Bridges / Katie Hopkins / Simon Hudson

 

 

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