Contract wins and investor presentation

RNS Number : 7286L

Checkit PLC

05 January 2023

 

5 January 2023

Checkit plc

("Checkit" or the "Group")

Contract wins and investor presentation

Checkit plc (AIM: CKT), the intelligent operations platform for the deskless workforce, is pleased to announce a number of contract wins in the US and a contract renewal in the UK.

Checkit continues to grow its footprint in the US with the signing of several new contracts. In particular, three contracts will generate a combined minimum value of approximately $1m over their three-year terms. Two of these contracts are with biopharma companies and the third is with a large resort and casino operator on the West Coast. These contract wins demonstrate Checkit's continued progress in the US and highlight the potential for further expansion.

In the UK, Checkit has renewed an existing contract worth c.£2.1m over four years with an integrated energy company to provide real time operations management capability to over 300 sites.

Commenting on the news Kit Kyte, Chief Executive Officer, said: "These contract wins, amongst others, underscore the positive sales momentum we have been building in the US, which we believe will continue as we look to further expand our US presence in FY24.

"In addition, I am delighted to announce the renewal of an important contract with an existing enterprise customer in the UK for the provision of real-time operations management technology and services.

"Together, these contracts provide further evidence of Checkit's continued ability to win new customers and deepen existing client relationships".

Investor presentation

Checkit is pleased to announce that Kit Kyte (CEO) and Greg Price (CFO) will provide a live presentation via the Investor Meet Company platform on 16 February 2023 at 12:00 pm GMT.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9:00 am the day before the meeting or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet Checkit via:

https://www.investormeetcompany.com/checkit-plc/register-investor

Investors who already follow Checkit on the Investor Meet Company platform will automatically be invited.

About Checkit

Checkit helps businesses with deskless workforces operate more safely and more efficiently. We provide the agility and visibility that leaders need to deliver a high quality, more profitable service, without the need for compromise.

The Checkit Connect platform fuses data from IoT sensors and digital workflow software to solve key business challenges such as high value stock loss, employee retention and training costs, inefficient manual processes, and the burdens of increased regulation. The platform provides leaders the clarity of where to focus their efforts, enabling improved outcomes for their end customers, lower costs, and reductions in compliance risk.

Checkit's solutions are trusted by customers in the food retail, franchise, healthcare, life sciences, catering, and hospitality sectors.

The Checkit platform generates over 11bn data points per year from tens of thousands of sensors, and hundreds of thousands of tasks carried out through our digital workflow software each month.

Checkit is headquartered in Cambridge, UK, with its operations centre in Fleet, UK, and US office in Florida. The company has over 185 employees.

Enquiries:

Checkit plc		[phone]
www.checkit.net
Kit Kyte (Chief Executive Officer)
Greg Price (Chief Financial Officer)
Singer Capital Markets (Nominated Adviser & Broker)		[phone]
Shaun Dobson / Harry Gooden / George Tzimas (Investment Banking)

 

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