Contract Wins

Microlise Group PLC

18 September 2023

 

18 September 2023

MICROLISE GROUP PLC

("Microlise", the "Company" or the "Group")

Microlise Secures Major Contracts with Two of Australia's Leading Grocery Retailers

Group making strong progress toward its strategic goal of international expansion

Microlise Group plc (AIM: SAAS), a leading provider of SaaS based transport technology solutions to fleet operators, is pleased to announce the signing of significant contracts with two of Australia's largest grocery retailers.

Microlise has signed a seven-figure contract over a five-year period with a new Australian grocery retail customer, further cementing Microlise's growing and substantial presence in the market. The customer will use a range of Microlise products including, Fleet Performance, Journey Management, Digital Video Recorder and 4-Way ClearVision Cameras, and the newly released product, AI driver distraction cameras.

In addition, Microlise has expanded its engagement with another leading Australian grocery retailer, worth an incremental £0.85 million with a five-year renewal. The customer will also now benefit from the use of the Group's hosting, support, and third-party integration with Journey Management.

These two significant contracts demonstrate strong progress in Microlise's strategy of enlarging its geographical footprint. It also demonstrates the attraction of the Company's expanded product offering and reflects the continued focus by fleet operators globally on achieving safer operations, enhanced efficiencies, reduced costs, and improved sustainability.

Nadeem Raza, CEO, Microlise, said: "We are delighted to secure these contracts with two of Australia's largest grocery retailers. They are also of strategic importance, highlighting our growing presence in markets beyond the UK while helping to validate and endorse our expanding range of SaaS solutions across multiple target geographies.

"We are greatly excited, therefore, about further potential opportunities in international markets and look forward to updating the market in due course."

For further information, please contact:

Microlise Group plc Nadeem Raza, CEO Nick Wightman, CFO	C/O SEC Newgate
Singer Capital Markets (Nominated Adviser & Broker) Steve Pearce / James Moat / Harry Gooden	Tel: [phone]
SEC Newgate (Financial PR) Bob Huxford / Molly Gretton / Harry Handyside	Tel: [phone] Email: [e-mail]

About Microlise

Established in 1982, Microlise Group Plc is a leading SaaS provider of Transport and fleet management solutions. Its technology is designed to help businesses improve efficiency, reduce emissions, lower costs, and increase safety on the road.

With a range of products and services used by more than 400 enterprise clients globally, Microlise helps companies of all shapes and sizes - across a wide range of industries - to better manage their entire operation.

Backed by a team of experienced professionals who provide excellent customer service, the Group has won a number of awards, including three Queens Awards for International Trade (2018) and Innovation (2019, 2020). 

Headquartered in the United Kingdom, the company also has offices in France, Australia, and India with a global staff base of more than 670 industry professionals.  

Handling over 599,000 subscriptions annually, Microlise joined the Alternative Investment Market (AIM) in 2021, qualifying for the London Stock Exchange's Green Economy Mark.

 

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