REG - Vianet Group PLC - Strategic agreement with a major global brewer

VianetAnnouncement

15/01/2025 07:00

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RNS Number : 3095T  Vianet Group PLC  15 January 2025

15 January 2025

 

Vianet Group plc

 

("Vianet" or the "Group")

 

Strategic agreement with a major global brewer

 

Vianet Group plc (AIM: VNET), the international provider of actionable data,
business insights, and payment solutions through an integrated ecosystem of
connected hardware devices, software platforms and smart insights portals is
pleased to announce a significant strategic data solutions contract win.

Our ongoing investment in technology and the advanced capabilities of our
monitoring solutions, combined with our long-term strategic partnership with
The Oxford Partnership - a leader in real-time market intelligence - has
opened the door to a collaboration with one of their blue-chip clients, a
global brewing industry leader (the "Brewer"). Through this agreement, we will
implement Beverage Metrics innovative draught beer monitoring solution across
the UK. Our state-of-the-art technology will provide detailed performance
insights into their key draught brands, enabling the Brewer to effectively
monitor brand performance across key activations.

This agreement represents a strong validation of Vianet's strategic innovative
solutions, expanding our market share and further strengthening our
relationship with The Oxford Partnership. By highlighting our commitment to
product innovation and the enhanced capabilities of our offerings, it not only
raises awareness but also positions us to attract increased interest from
other potential clients, foster new partnerships and drive growth across our
revenue streams.

The agreement includes new installations of the Group's Beverage Metrics
draught beer monitoring solution, starting this financial quarter with a
phased delivery program throughout the following financial year, and is
expected to expand the Group's UK installation footprint by c 5% in the next
18 months. This milestone marks a significant step forward, paving the way for
our continued expansion in the hospitality sector beyond the Leased &
Tenanted market.

 

James Dickson, Chair & CEO of Vianet stated:

"This new agreement represents a strong strategic validation of our investment
in Beverage Metrics and the value of our partnership approach. These
collaborations are unlocking exciting commercial opportunities within the
hospitality sector and beyond, combining our technological capabilities and
the Oxford Partnership's analytics and AI expertise.

The phased rollout of our Beverage Metrics solution with a leading global
brewer further highlights the innovation and impact of our technology, as it
empowers customers to optimize performance and navigate challenging trading
conditions effectively.

Combined with the encouraging progress we are making in the USA and the recent
long-term contract extensions with Heineken's Star Pubs & Bars and Greene
King, this milestone underscores the growing recognition of our solutions and
their ability to deliver tangible value by helping customers achieve more with
less."

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For more information please contact:

 Vianet Group plc
 James Dickson, Chairman & 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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