REG - Checkit PLC - Contract wins and investor presentation

CheckitAnnouncement

05/01/2023 07:00

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RNS Number : 7286L  Checkit PLC  05 January 2023

5 January 2023

 

Checkit plc

 

("Checkit" or the "Group")

 

Contract wins and investor presentation

 

Checkit plc (AIM: CKT), the intelligent operations platform for the deskless
workforce, is pleased to announce a number of contract wins in the US and a
contract renewal in the UK.

 

Checkit continues to grow its footprint in the US with the signing of several
new contracts. In particular, three contracts will generate a combined minimum
value of approximately $1m over their three-year terms. Two of these contracts
are with biopharma companies and the third is with a large resort and casino
operator on the West Coast. These contract wins demonstrate Checkit's
continued progress in the US and highlight the potential for further
expansion.

 

In the UK, Checkit has renewed an existing contract worth c.£2.1m over four
years with an integrated energy company to provide real time operations
management capability to over 300 sites.

 

Commenting on the news Kit Kyte, Chief Executive Officer, said: "These
contract wins, amongst others, underscore the positive sales momentum we have
been building in the US, which we believe will continue as we look to further
expand our US presence in FY24.

 

"In addition, I am delighted to announce the renewal of an important contract
with an existing enterprise customer in the UK for the provision of real-time
operations management technology and services.

 

"Together, these contracts provide further evidence of Checkit's continued
ability to win new customers and deepen existing client relationships".

 

Investor presentation

 

Checkit is pleased to announce that Kit Kyte (CEO) and Greg Price (CFO) will
provide a live presentation via the Investor Meet Company platform on 16
February 2023 at 12:00 pm GMT.

The presentation is open to all existing and potential shareholders. Questions
can be submitted pre-event via your Investor Meet Company dashboard up until
9:00 am the day before the meeting or at any time during the live
presentation. Investors can sign up to Investor Meet Company for free and add
to meet Checkit via:

https://www.investormeetcompany.com/checkit-plc/register-investor
(https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.investormeetcompany.com%2Fcheckit-plc%2Fregister-investor&data=05%7C01%7CHugh.Wooster%40checkit.net%7Cdd2fb3d65ff9412a06c708dae1a815bb%7Cc766b9048fbf43bea8450cab82a691e9%7C1%7C0%7C638070409271004915%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=utsFc9ht3y2TWaqsmaiiF6tmf%2F2JUOBjGHoyFJy0O1A%3D&reserved=0)

Investors who already follow Checkit on the Investor Meet Company platform
will automatically be invited.

 

About Checkit

 

Checkit helps businesses with deskless workforces operate more safely and
more efficiently. We provide the agility and visibility that leaders need to
deliver a high quality, more profitable service, without the need for
compromise.

 

The Checkit Connect platform fuses data from IoT sensors and digital workflow
software to solve key business challenges such as high value stock loss,
employee retention and training costs, inefficient manual processes, and the
burdens of increased regulation. The platform provides leaders the clarity of
where to focus their efforts, enabling improved outcomes for their end
customers, lower costs, and reductions in compliance risk.

 

Checkit's solutions are trusted by customers in the food retail, franchise,
healthcare, life sciences, catering, and hospitality sectors.

 

The Checkit platform generates over 11bn data points per year from tens of
thousands of sensors, and hundreds of thousands of tasks carried out through
our digital workflow software each month.

 

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

 

 

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)

 

 

 

 

 

 

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