REG - Vianet Group PLC - Contract Win

VianetAnnouncement

25/04/2024 07:00

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RNS Number : 9237L  Vianet Group PLC  25 April 2024

25 April 2024

 

 

Vianet Group plc

 

("Vianet" or the "Group")

 

Strategic contract win in new vertical.

 

Ahead of its trading update this morning, Vianet Group plc (AIM: VNET), a
global provider of actionable data and business insight through our ecosystem
of connected hardware devices, management software platforms, and business
insights portal, announces a notable strategic contract win with Wilcomatic
Wash Systems ("Wilcomatic"), the UK's leading provider of commercial vehicle
wash systems for petrol forecourts.

Following a period of comprehensive evaluation, leading payment solutions
provider Vianet and its key partner Suresite Group Ltd ("Suresite"),
the forecourt retail payment specialists, have strengthened their presence in
the UK Car wash and Valeting market by securing the rollout of their
contactless payment solution on a 5-year agreement with Wilcomatic.

Today's announcement follows our previous contract win in October where, in
partnership with Suresite, we secured a deal to supply approximately 800 Trio
IQ Smart Contact Pro payment systems to a well-established forecourt retailer.

James Dickson, Chair & CEO of Vianet commented:

"This contract win consolidates our entrance into an exciting new vertical and
demonstrates the Group's ability to expand into adjacent industry verticals
that we have previously highlighted.  We are delighted that our efforts with
new initiatives are yielding positive results as we continue to capitalise on
the considerable opportunities with manufacturers and retailers within the
forecourt sector and beyond.

"Our investments in technology, new market verticals, expansion of product
lines, and our partnership with Suresite are unlocking substantial new market
opportunities with well-established participants.

This exciting new partnership with the highly respected Wilcomatic, to deliver
a top-tier payment solution and support to their customers, highlights the
versatility of Vianet's innovative and dependable contactless hardware
solutions, and further showcases Suresite's expertise in this sector, and
underscores our positive momentum going into FY25."

 

- Ends -

 

For more information please contact:

 Vianet Group plc
 James Dickson, Chair & CEO         Tel: +44 (0) 1642 358 800

 Mark Foster, CFO                   www.vianetplc.com (http://www.vianetplc.com/)
 Cavendish Capital Markets Limited
 Stephen Keys / Camilla Hume        Tel: +44 (0) 20 7220 0500
                                    www.cavendish.com (http://www.cavendish.com/)

 

About Vianet

Vianet Group is a leading provider of actionable management information and
business insight created through combining data from our smart Internet of
Things ('IOT') solutions and external information sources.

Since Admission to AIM in 2006, the Group has grown from its core beer
monitoring business both organically and through strategic acquisitions to
widen its offering and develop new businesses, especially in vending telemetry
and contactless payment solutions particularly for the premium coffee sector.

Servicing over three hundred customers across the world and rendering live
data to our IOT platform from over 250,000 connected machines daily, Vianet is
one of the largest business to business (b2b) connected solutions providers in
Europe with established long-term relationships with blue chip customers and
growing recurring revenues which are over 85% of our total revenues.

In our Smart Machines division, we connect a single data gathering device
with its own on-board communication capability to a customer's asset or
system. The device then sends data back via our IOT platform to cloud based
servers. The technology was originally developed for automated retailing
machines; however, the flexibility and functionality of the device means the
technology can be applied to any machine which has the capability to output
data. The device is also used to connect our contactless payment solution and
communicate payment terms to our cloud-based payment services providers where
that application is also required.

The Smart Zones division is where we connect multiple data gathering devices
into one or more systems or assets with the data from those devices being
communicated back to our IOT platform and cloud-based servers via a single 3G
communications hub. The technology was originally developed for flow
monitoring devices, temperature sensors, and asset management in drinks
retailing but any data gathering device with a digital output could be
connected to the communications hub where required such as gaming machines,
utilities management and EPOS.

For further information, please visit www.vianetplc.com
(http://www.vianetplc.com/)

 

 

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