Significant contract extension

RNS Number : 8857T

Ubisense Group PLC

18 October 2017

 

18 October 2017

Ubisense Group PLC

("Ubisense" or "the Company")

Significant contract extension

Ubisense (LON:UBI), a market leader in enterprise location intelligence solutions, is pleased to announce a new contract win in Europe for its RTLS SmartSpace division. The contract, valued at over £1m, is with a premium automotive manufacturer located in Germany for the company's well established real time location products.

This new order will significantly expand Ubisense's deployment of its solution at an existing manufacturing location, doubling the scale of the deployment to become one of the largest in the world for Ubisense solutions.

This win provides another solid contribution to the revenues generated from Ubisense's own products underpinning the board's expectations for the business.

Richard Petti, CEO of Ubisense, commented:

"We are delighted to be further supporting this renowned customer in strengthening the productivity and quality of its assembly operations.  This extension demonstrates the continued market-leading levels of quality and user satisfaction our customers enjoy with Ubisense."

For further information contact:

Ubisense Group plc                                                                                        [phone]

Richard Petti

Tim Gingell

Numis Securities Limited                                                                             [phone]

Jamie Lillywhite (Corporate Finance)

Toby Adcock (Corporate Broking)

Redleaf Communications                                                                            [phone]

David Ison

Elisabeth Cowell

About Ubisense

Ubisense (AIM: UBI), is a global leader in Enterprise Location Intelligence Solutions, proven to drive quality, reduce costs, manage complexity and increase productivity for its customers across the world. Central to its offering are two powerful IIoT software platforms that can take data from any source to provide visibility of customers' operations. Offering in-depth knowledge of the sectors in which it operates across the world, Ubisense has long standing relationships with many customers across target markets including automotive, aerospace, logistics, communications and utilities. Founded in 2002, Ubisense is headquartered in Cambridge, England, with operations in North America, Germany, France and Japan.  www.ubisense.net

 

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