Customer Update

RNS Number : 1087J

Eagle Eye Solutions Group PLC

09 June 2014

 



9^th June 2014

Eagle Eye Solutions Group plc

("Eagle Eye", "the Company")

Customer Update

Eagle Eye (AIM: EYE), a UK leader in digital consumer engagement to the retail and hospitality industries, today announces a customer update following the Company's admission to AIM in April.

In line with the Company's growth strategy to implement new customer solutions, Eagle Eye is delighted to announce that Clarks, JD Sports, La Tasca, One Stop, Pets at Home and Spirit Pub Company have all now gone live on the Company's patented Eagle Eye AIR digital transaction platform.

The Company continues to trade in line with the Board's expectations and, in keeping with management's focus on growing recurring and transactional revenues, these new live customers are together expected to deliver annualised revenues that exceed half a million pounds.

These new customers join more than 70 other brands that are already live on the Eagle Eye AIR platform and who benefit from its ability to harness for them the power of digital customer engagement. Benefits include valuable shopper data insights, reduced operating costs and improvements to the overall shopper experience.

Phillip Blundell, CEO of Eagle Eye, commented: "Eagle Eye is growing rapidly and I am very pleased with the continued progress we have made since joining the public market in April. In line with our stated growth strategy we are continuing to develop our network by increasing our customer base and extending our core solutions - including new click and collect, staff reward management and giftcard fulfilment - that can be delivered across any distribution channel.

We are delighted to be working with these very prestigious retail and hospitality brands to help them achieve their business objectives by providing the significant cost and customer benefits that our platform delivers."

The company will issue its next trading update in mid July.

For further information, please contact:

Eagle Eye

Phill Blundell, Chief Executive Officer

Steve Rothwell, Founder                                                                                                                  Tel: [phone]

Panmure Gordon (NOMAD and broker)

Hugh Morgan/Callum Stewart, Corporate Finance

Charles Leigh-Pemberton, Corporate Broking                                                                         Tel: [phone]

Hudson Sandler

Nick Lyon/Alex Brennan                                                                                                                    Tel: [phone]

Information on Eagle Eye

www.eagleeye.com

Eagle Eye is a leading UK provider of digital consumer engagement solutions to the retail and hospitality industries.

The Company provides a digital transaction platform for the secure multi-channel issuance, management and redemption of promotional offers, gift vouchers and loyalty-based rewards, replacing previously used paper-based methods. The coupons, gift vouchers and loyalty-based rewards markets are currently transitioning through substantial change as both retailers and consumers are moving away from paper and plastic to digital offers, rewards and loyalty. These markets, in aggregate, are estimated to be worth £54.8 billion, £4.7 billion and £210 million respectively.

The Eagle Eye platform comprises four key components: campaign creation; issuance; redemption and reporting. The Company's products supported by the Eagle Eye platform allow the Company's clients to deliver relevant offers, rewards and services to consumers in real time, in a simple and secure way, across multiple media including email, SMS messaging and loyalty apps. The offers and rewards can be redeemed securely by the consumer through any enabled point of sale channel.

The Company's current customer base comprises leading names in UK retail and hospitality including Gondola Group, Greggs, Karen Millen, Marks & Spencer, Mitchells and Butlers, Pets at Home, Tesco and Tragus.

Over the last year, the number of transactions conducted over the platform has increased significantly from an average of 200,000 a month in 2012 to 1,000,000 a month in 2013. Revenue has grown at a CAGR of 70 per cent. per annum for the last three years, with revenue for the year ending 30 June 2013 totalling £705,000. In the six months ending 31 December 2013, revenue was 75 per cent. greater than the six months to 31 December 2012.

The Group is headquartered in Guildford, Surrey.

 

END

 

 

MSCBVLLBZQFFBBB