REG - Microlise Group PLC - JCB Contract

MicroliseAnnouncement

23/09/2024 07:00

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RNS Number : 1350F  Microlise Group PLC  23 September 2024

23 September 2024

 

Microlise Group plc

("Microlise", the "Company" or the "Group")

 

JCB Contract

Major OEM 5-year contract renewal

 

 

Microlise Group plc (AIM: SAAS), a leading provider of SaaS based transport
technology solutions to fleet operators, is pleased to announce that the
Company has entered into a 5-year contract renewal with J.C. Bamford
Excavators Limited ("JCB"), the global manufacturer of construction equipment,
which will cover recurring SaaS software licences and hardware sales until
September 2029.

 

This renewal will see Microlise continue to provide JCB with its advanced,
white-labelled Industrial Internet of Things (IIoT) platform. This platform,
fully integrated within JCB's machinery, enhances connectivity and diagnostic
capabilities, supporting JCB's strategic initiatives in delivering smarter,
more efficient construction equipment.

 

Microlise's IIoT platform enables real-time world-wide monitoring and
diagnostics of JCB's machinery, facilitating predictive maintenance and
reducing operational downtime. Microlise's platform enables JCB's customers to
optimise equipment performance, thereby improving productivity and reducing
total cost of ownership.

 

This renewed collaboration builds upon a successful 14-year relationship
between the two companies. As JCB seeks to expand its market presence,
particularly in the United States, Microlise's platform will be key in meeting
the increasing demand for connected, intelligent machinery.

 

Nadeem Raza, CEO of Microlise, commented:

 

"The renewal of our long-standing partnership is testament to JCB's dedication
to the innovation of their own machinery and services, as part of their own
global growth strategy. I am very proud of everything both teams have achieved
over the last 14 years and look forward to our shared growth over the next 5
years."

 

 

For further information, please contact:

 

 Microlise Group plc                                                           C/O SEC Newgate

 Nadeem Raza, CEO

 Nick Wightman, CFO

 Singer Capital Markets (Nominated Adviser & Broker)                           Tel: 020 7496 3000

 Steve Pearce / James Moat / Sam Butcher

 SEC Newgate (Financial PR)                                                    Tel: 020 3757 6880

 Bob Huxford / Molly Gretton / Harry Handyside                                 Email: microlise@secnewgate.co.uk (mailto:microlise@secnewgate.co.uk)

 

 

About Microlise

Microlise Group Plc is a leading provider of transport management software to
fleet operators helping them to improve efficiency, safety, and reduce
emissions. These improvements are delivered through reduced fuel use, reduced
mileage travelled, improved driver performance, fewer accidents, elimination
of paperwork and delivery of an enhanced customer experience.

 

Established in 1982, Microlise is an award-winning business with over 400
enterprise clients. With 463 employees based at the Group's headquarters in
Nottingham in the UK, the Company also has offices in France, Australia, and
India, with a total global staff base of over 750.

 

Microlise is listed on the AIM market of the London Stock Exchange (AIM: SAAS)
and qualifies for the London Stock Exchange's Green Economy Mark.

 

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