17th Mar 2015 07:00
17 March 2015
Kalibrate Technologies plc
("Kalibrate" or the "Group")
Contract Win
- Multinational oil and gas company selects Kalibrate's Location Intelligence Solution -
- NIS studies four European markets using Kalibrate technology solution -
- Contract adds 3 new countries to Kalibrate's growing list of market experience -
Kalibrate Technologies plc (AIM: KLBT), the provider of strategy and technology services to the global fuel retail industry, is pleased to announce that it has secured a contract with NIS (Naftna Industrija Srbije).
Majority-owned by Gazprom and listed on the Belgrade Stock Exchange, NIS is one of the largest vertically integrated energy companies in Southeast Europe. Headquartered in Serbia, NIS also has operations in Bosnia and Herzegovina, Hungary, Romania and Bulgaria.
Under the terms of the multi-year contract, NIS will utilise Kalibrate's retail network planning and location analysis solution to optimize the performance of its network of retail outlets in four Southeast European countries. Kalibrate's Planning solution will provide NIS with in-depth market and demand analysis that will help it decide where to build or remodel its retail sites.
Commenting on the contract win, Bob Stein, Chief Executive Officer of Kalibrate, said:
"We are delighted to welcome NIS as a valued client. This new partnership adds 3 new countries to Kalibrate's growing list of market experience which now exceeds 50 countries in total. This is further proof of our ability to add value to fuel retail businesses across a very broad range of market conditions."
Alexander Malanin, Executive Director of Sales and Distribution, NIS, added:
"We chose to partner with Kalibrate based on the quality and comprehensiveness of their market data and the ability of their location intelligence tool to help us better understand the drivers of retail performance at each of our outlets. We will be studying how to increase our retail performance in The Balkans."
Kalibrate Technologies plc | via FTI Consulting, LLP |
Bob Stein, Chief Executive Officer |
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Gregg Budoi, Chief Financial Officer |
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N+1 Singer Advisory LLP | +44 (0) 20 7496 3000 |
Shaun Dobson / Ben Wright / Emily Watts |
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FTI Consulting, LLP | +44 (0) 20 3727 1000 |
Matt Dixon / Chris Lane / Emma Appleton |
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About Kalibrate Technologies plc
Kalibrate's strategy and technology solutions empower fuel retailers around the globe to drive greater value on investment and achieve greater success on their own terms. Its proven software and analytics solutions draw on more than 20 years of strategic expertise and insight into the needs and opportunities of fuel retailers. Kalibrate is headquartered in Manchester, United Kingdom with offices in Florham Park, New Jersey and, Tulsa, Oklahoma (US), Tokyo, Japan, Seoul, Korea, Mumbai, India, Shanghai, China and Rio de Janeiro, Brazil. For more information, please visit KalibrateTech.com.
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