Actual Experience PLC Channel Partner Update (6037P)
11 February 2019 - 6:00PM
UK Regulatory
TIDMACT
RNS Number : 6037P
Actual Experience PLC
11 February 2019
Actual Experience plc
(the "Company" or "Actual Experience")
Channel Partner Update
Actual Experience plc (AIM: ACT), the analytics-as-a-service
company, is pleased to announce that, further to the announcements
made in August 2017 and October 2018, it has received a new Open
Purchase Order ("PO") from one of its channel partners. This new
instruction brings the cumulative total to more than four times the
value originally ordered in August 2017. The previously existing PO
value has been utilised to support recent monthly sales invoices
and the increased value of the PO is required to facilitate
expected levels of future billings.
This uplift in order value reflects continued commercial
momentum with this partner. Specifically, the PO will enable the
partner to undertake deployments with an increasing number of its
customers without the need to submit individual orders for each new
customer and deployment stage. As before, this expanded PO has no
set time limit and therefore does not represent a revenue
commitment within a specific timeframe.
Dave Page, CEO of Actual Experience, commented:
"We are excited about the pipeline development progress made by
two of our partners since the two large scale deployments announced
last year. This continuing expansion of the Open PO with one of
these partners reflects their own internal forecast for our product
and their commitment of resources to meet that forecast. We view
the open PO, its continued expansion, and the significant increase
in engagement from both partners, as leading indicators of future
revenues, most likely in the second half of this year. The value of
the previously announced deployments combined with the scale of our
partners and their evident commitment reinforces our belief that
each partner has the potential to generate at least $10m annual
revenue to Actual Experience."
Enquiries:
Actual Experience plc via Alma PR
Dave Page, Chief Executive Officer
Steve Bennetts, Chief Financial Officer
N+1 Singer Advisory LLP Tel: +44 (0)207 496 3000
Shaun Dobson
Lauren Kettle
Alma PR
Josh Royston Tel: +44 (0)7780 901979
Caroline Forde Tel: +44 (0)7779 664584
Robyn Fisher Tel: +44 (0)7540 706191
About Actual Experience
Actual Experience's analytics provide the digital Voice of the
Customer. This is a real-time, data-driven view of what end users
would say about the quality of a company's digital products and
services, and why. Our customers can analyse everything that
impacts the experience quality in their digital supply chains, for
any service, type of user or the Internet of Things. It gives them
complete transparency from the point of provision to the point of
use and whether inside or outside their business's control. The
insights can be used to make continuous improvements to their
business performance.
Actual Experience is a listed-company on the London Stock
Exchange (ACT). Our development Headquarters are in Bath, UK, and
we also have offices in London. Actual Experience's unique digital
analytics as a service is founded on ten years of cutting-edge
research at Queen Mary University of London.
www.actual-experience.com
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END
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