REG - Checkit PLC - Contract Wins

CheckitAnnouncement

12/06/2024 07:15

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RNS Number : 0440S  Checkit PLC  12 June 2024

 

 

12 June 2024

 

Checkit plc

("Checkit" or the "Group")

 

Contract Wins

 

Checkit (AIM: CKT), the automated monitoring platform for operational leaders,
is pleased to announce a significant expansion with an existing US customer
and a first customer for the recently launched AI module.

 

Contract Wins

 

The Group announces a significant expansion with Octaphama Plasma in the
United States worth c.£718,000 over three years.

 

Octapharma will be expanding their use of the Checkit platform by integrating
TTMUs (Tactical Temperature Monitoring Units) into their existing monitoring
system, further protecting their operational data and mission-critical
inventory. By leveraging the TTMUs offline data logging capabilities,
Octapharma will have complete data redundancy across their entire network of
plasma donation centres in the US. The investment highlights Octapharma's
ongoing commitment to ensuring the safety and security of their plasma and
operational data.

 

The Group is also pleased to announce a first signed contract for the recently
launched Asset Intelligence product module, which applies advanced analytics
and Machine Learning to IoT data which will help enhance customer
sustainability, reduce costs, and improve revenue.

 

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 US, a strategic priority for the business.
Forward-thinking leaders like Octapharma understand why it's so critical to
execute an operational data strategy, and we appreciate their trust and
partnership. I am also thrilled that we have secured our first customer for
the recently launched Asset Intelligence module, which marks the start of an
exciting chapter in the evolution of our offering and our integrated
end-to-end platform."

 

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 / Peter Steel / James Fischer

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

 Lulu Bridges / Katie Hopkins / Simon Hudson

 

 

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