20th Jan 2016 15:44
LONDON (Alliance News) - Eckoh PLC, which provides secure payment products, on Wednesday said it remains on track to report earnings for the year ending March 31 in line with market expectations, supported by a strong start to the second half of its financial year and several new contract wins.
The new contracts include the company's first win through its partnership with West Corp in the US to provide its recently US patented CallGuard technology to the retail subsidiary of a global media and entertainment company. The identity of the customer was not disclosed.
The second half has seen the company win two new contracts in the UK and an additional direct win in the US, Eckoh said. "These latest contracts are with two leading UK utility companies and one of the world's leading online fitness websites, both delivering CallGuard," the company said.
In addition, Eckoh said it has been granted a UK patent for its Haloh secure payments product, in a move which is expected to strengthen its sales pipeline.
"Eckoh offers a unique proposition to our clients and the board remains confident that there is a significant opportunity in the protection of customers' data, which will continue to support the future prospects of the group," Chief Executive Nik Philpot said.
"Together with our extended group-wide direct sales capabilities and blue-chip channel partners in both the UK and the US, we have a strong new business pipeline in place," Philpot added.
Shares in Eckoh were down 1.6% at 45.25 pence on Wednesday afternoon.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Eckoh Technologies