18th Sep 2023 11:57
Microlise Group PLC - Nottingham, England-based provider of software-as-a-service transport technology solutions to fleet operators - Seals "major contracts" with two unnamed leading Australian grocery retailers. Says first contract is a seven-figure deal over a five-year period with a new Australian customer, which will use "a range of Microlise products including, Fleet Performance, Journey Management, Digital Video Recorder and 4-Way ClearVision Cameras, and the newly released product, AI driver distraction cameras". Says the second contract is an extension from a previous arrangement with another Australian client, worth GBP850,000, with a five-year renewal. Says customer will also benefit from its "hosting, support, and third-party integration with Journey Management".
Chief Executive Officer Nadeem Raza says: "We are delighted to secure these contracts with two of Australia's largest grocery retailers. They are also of strategic importance, highlighting our growing presence in markets beyond the UK while helping to validate and endorse our expanding range of SaaS solutions across multiple target geographies.
"We are greatly excited, therefore, about further potential opportunities in international markets and look forward to updating the market in due course."
Current stock price: 128.20 pence, up 14% on Monday
12-month change: down 16%
By Sabrina Penty, Alliance News reporter
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