Escher signs contract with Emirates Post Group

 30 June 2014

Escher Group Holdings plc

Escher signs contract with Emirates Post Group

Escher Group Holdings plc (AIM: ESCH, 'the Group'), a world-leading provider of digital point-of-service solutions to the postal industry, today announced that Emirates Post Group, the national postal operator in United Arab Emirates, has licensed Escher's market leading Riposte counter automation software. The contract includes a five year maintenance agreement to 2019 and confirms Escher as a key supplier of postal automation software to the Middle East.

Emirates Post Group will begin to use Escher's Riposte solution to deliver upon its strategy to provide postal services and solutions that match the latest trends in global postal services, with a focus on making post offices one-stop shops offering multiple services throughout their network.

Emirates Post Group joins a growing list of postal operators in the Middle East, who have chosen Escher as their preferred supplier of counter automation technology and expertise. The Emirates Post Group contract underpins Escher's expansion strategy in the Middle East.

Liam Church, CEO of Escher Group, said:

"This is a significant development for Escher in the Middle East and reaffirms our commitment to expand our customer base in this region. Emirates Post is a forward thinking and modern postal organisation and Escher's solution will deliver upon Emirates Post Group's vision to be an innovative and customer centric organisation. We look forward to working with Emirates Post Group."

Abdulla M. AlAshram, CEO of Emirates Post Group, said:

"Emirates Post Group is committed to achieving superior customer satisfaction. Working with Escher Group, the world leading technology providers of point of service solutions, I am confident that they will deliver solutions of the highest standards of quality and excellence. Escher implicitly understands the postal market, our unique business needs and most importantly the evolving needs of consumers worldwide."

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About Escher Group

Escher is a world leading developer and provider of outsourced, point-of-service software for use in the worldwide postal industry. Its core software, RiposteEssential™, enables post offices to expand upon their traditional offering, providing additional new services, reducing costs and increasing efficiency. Riposte® is a messaging middleware that enables applications operating on different computers to communicate with each other. The Riposte® software manages data, monitors the system status and communicates across the network. Escher Group operates across two divisions - a Retail Software Division and a Message Based Communications Division.

The Retail Software Solution (RiposteEssential™) serves the postal and courier markets. Transactions include mail and financial services and the system is integrated with utilities and financial services companies, banks and central and local governments.

Escher's Message Based Communications Division (RiposteTrEx™) is based on a digital post office box model and is designed to provide a national digital infrastructure linking governments, businesses and citizens via a secure platform.