16th Jun 2014 10:14
LONDON (Alliance News) - Ubisense Group PLC said Monday that it had secured contract extensions worth more than EUR1.7 million from a European telecommunications company for software and services.
Ubisense did not name the customer involved.
Under the extension, the customer will use Ubisense's real-time location intelligence software to assist in the planning of its fibre operation, as it expands the broadband capacity of its telecommunications network.
Ubisense said the contract extensions demonstrated the value of its converged product suite.
Shares in Ubisense were trading down 3.5% at 192.00 pence Monday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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