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ESCH - Escher Group News Story

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Last Trade - 15/11/17

Sector
Industrials
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £14.2m
Position in Universe th / 1808

Escher Group Hldgs - Escher signs with Vietnam Post

Fri 13th May, 2016 7:00am
RNS Number : 1351Y
Escher Group Holdings PLC
13 May 2016

13 May 2016

Escher Group Holdings plc

Escher signs with Vietnam Post

Escher Group Holdings plc (AIM: ESCH, 'Escher' or 'the Group'), a world leading provider of outsourced point-of-service software to the postal industry, is to license its Riposte Platform to Vietnam Post for 11,500 points of service, with its partner FPT.

This contract, which is part of the Group's 2016 plans, expands Escher's foothold in South East Asia and creates opportunities for further business with Vietnam Post.

Escher's Riposte Platform will deliver a complete point of service solution for Vietnam Post that will operate on desktops, mobile and self-service kiosks.Vietnam Post will use Escher's Riposte solution to deliver multiple new services throughout their network, exploiting the latest trends in the global postal market.

Liam Church, CEO Escher Group, said:

"The Vietnam Post contract is an important win for us and further increases our growing foothold in South East Asia.

"Vietnam Post intends to implement Riposte across counters, mobile and kiosk, demonstrating the strength and flexibility of our point of service solutions."

Enquiries:

Escher www.eschergroupholdings.com

+353 (0)1 254 5400

Liam Church, Chief Executive Officer

Fionnuala Higgins, MD Postal Retail

Panmure Gordon

+44 (0)20 7886 2500

Andrew Godber / Alina Vaskina, Corporate Finance

Erik Anderson, Corporate Broking

Instinctif Partners

+44 (0)20 7457 2020

Adrian Duffield / Lauren Foster

About Escher Group

Escher is a world leading provider of outsourced, point-of-service software for use in the worldwide postal, retail and financial industries. Its core software, Riposte, a Transaction Services Platform, enables our customers to expand their offerings, providing new services, reducing costs and increasing efficiency.

The Riposte Platform securely extends the retail branch network. Our technology creates new revenue opportunities, streamlines operations, and its flexibility allows it to be deployed across multiple platforms and devices, giving the ultimate freedom of choice when it comes to channel and hardware selection.

Our focus is to ensure the success of our customers by delivering the very best in innovative technology for their business.


This information is provided by RNS
The company news service from the London Stock Exchange
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