REG - Crimson Tide PLC - Contract Win

Crimson TideAnnouncement

05/04/2023 07:15

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RNS Number : 3860V  Crimson Tide PLC  05 April 2023

This announcement contains Inside Information

 

5 Apr 2023

 

Crimson Tide plc

("Crimson Tide" or "the Company")

 

Contract win with NHS Trust

 

 

Crimson Tide plc (TIDE), the provider of the mpro5 Smart App Solution, is
pleased to announce a contract win with an NHS trust in the South East of
England with a scalable upside opportunity.

 

The initial contract value is c£250k over its initial 36-month term; however,
the project is anticipated to increase in size and contracted revenue later in
the year.

 

mpro5 will help the Trust understand the current condition and level of
statutory compliance of each space in its facilities, supplemented by data
captured on our mobile app from a wide range of incidents with associated
rectification and response times. Our smart app solution will enable different
departmental datasets to be consolidated and enable aggregated compliance
processes to be completed on smartphones and tablets.

 

mpro5's KPI dashboards will display calculations of actions to costs and
highlight efficiencies and remedial actions for the first time in a
consolidated manner. Data integrity is critical, and the mpro5 infrastructure
in Microsoft Azure will ensure accurate current and historical data with
industry-leading security and uptime.

 

The Company anticipates adding its Internet of Things ("IoT") module later
this year, projecting the installation of over 1,000 sensors to enable
sensor-driven actions, one of mpro5's key differentiators.

 

Barrie Whipp, Chairman, commented: "To be able to deploy mpro5's full
functionality across an entire NHS Trust is a validation of our mobile web and
reporting functionality and displays our ability to help flexibly improve
compliance and efficiency. Micro reporting on space compliance and costs will
lead to a greater understanding of how NHS Trusts can improve their
operational effectiveness. The anticipated addition of our IoT module later in
the year will enable sensor-driven actions to improve efficiency further, as
well as reduce costs and should appeal to other trusts - we see this first
installation as a flagship site."

 

 

For further information, please contact:

 

 Crimson Tide plc                                   +441892542444
 Barrie Whipp / Jacqueline Daniell / Peter Hurter
 finnCap (Nominated adviser and Broker)
 Corporate Finance: Julian Blunt / Milesh Hindocha  +44 20 7220 0500
 Corporate Broking: Andrew Burdis                   +44 20 7220 0500
 Alma PR - (Financial PR)
 Josh Royston / Will Ellis Hancock                  +44 7780 901 979

 

Crimson Tide provides mpro5, the Smart App Solution. For further information,
see mpro5.com (http://www.mpro5.com) and on Crimson Tide plc,
crimsontide.co.uk (http://www.crimsontide.co.uk/)

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