REG - Crimson Tide PLC - Contract Win

Crimson TideAnnouncement

20/09/2023 07:00

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RNS Number : 9628M  Crimson Tide PLC  20 September 2023

20 September 2023

Crimson Tide plc

("Crimson Tide" or "the Company")

Contract Win in the United States

 

Crimson Tide Plc (TIDE) ("Crimson Tide" or "The Company"), the provider of the
mpro5 solution, further extends its reach in the US by supporting a new client
which provides catering services at UNC Health, part of the University of
North Carolina (UNC).

 

Our client will use the mpro5 mobile app, reporting, and dashboards to ensure
the timely delivery of meals at the appropriate temperature to students,
initially on one of the medical campuses. mpro5 will also monitor and automate
the dietary requirements of patients and use carb-counting to help regulate
medicinal dosages for patients.

 

The mpro5 solution will help deliver over 240,000 warm, healthy,
dietary-appropriate meals over this initial 3-year contract. The initial value
of the contract is c$72,000, with the expectation that this will grow
following the initial rollout.

 

The Company also announces that its nominated adviser and broker finnCap Ltd,
has changed its name to Cavendish Capital Markets Limited.

 

Chairman Barrie Whipp commented, "This contract win extends our reach into the
US, further emphasises our strength in the contract catering sector, and, most
importantly, helps our client deliver safe and healthy meals to its most
in-need patients. We look forward to exploring how we can further help US
education providers meet the compliance, auditing and verification challenges
of catering in a student environment."

 

 

Enquiries:

Crimson Tide plc +44 1892 542444

Barrie Whipp / Jacqueline Daniell

 

Cavendish Capital Markets (Nominated Adviser and Broker) +44 20 7220 0500

Julian Blunt / Milesh Hindocha, Corporate Finance

Andrew Burdis, Corporate Broking

 

Alma PR (Financial PR) +44 7780 901979

Josh Royston

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