ClearStar,Inc. Significant drug screening contract win (6975D)
02 February 2015 - 6:01PM
UK Regulatory
TIDMCLST
RNS Number : 6975D
ClearStar,Inc.
02 February 2015
2 February 2015
ClearStar, Inc.
("ClearStar" or the "Company")
ClearStar wins largest Medical Information Services contract to
date
Significant contract for drug screening services awarded by
existing background check client
ClearStar, Inc. (AIM: CLST), the technology and service provider
to the background check industry, is pleased to announce that it
has been awarded a significant drug screening services contract,
which is expected to be worth $1.3m-$1.5m annually, by a US-based
Consumer Reporting Agency (the "Customer") that provides services
to approximately 2,000 employers across the United States in
multiple industries. This represents ClearStar's largest single
contract to date for its Medical Information Services ("MIS")
division.
The Company will provide its MIS automated web-based drug
testing and results review service, which will be white labelled by
the Customer to its end-user employers. This service will be
delivered via the Company's WebCCF technology, an online drug and
alcohol testing laboratory registration and electronic custody and
control form, which integrates with the Company's technology
platform. MIS provides an applicant with a unique access key to use
online where they enter their details, which are used to locate the
most convenient location where samples can be taken, and book an
appointment through the online portal. A notification is then
automatically sent to the sample collection site and applicant. The
Company has arrangements with seven certified laboratories,
including two of the largest in the US, and over 10,000 collection
sites. Test results are sent to the Company's MIS team for review
before being submitted to the employer.
The Customer, which has been a client of the Company for
background check services for over ten years, is transferring its
drug screening requirements to ClearStar from its existing
supplier, a major US drug screening laboratory. The revenue
generation will ramp over an initial period of approximately four
months whilst the technology implementation is completed and the
Customer retrains some of its end-user employers on the new
system.
Robert Vale, CEO of ClearStar, commented:"We're delighted to
have been awarded this contract, which is our largest Medical
Information Services agreement to date. It represents the strength
of our offer in terms of our technology, with its more advanced
customisation and white label capabilities; our greater geographic
footprint of collection sites; and our superior customer service,
which the Customer has experienced during our relationship of over
10 years for the provision of background check services.
"As a result, we are confident of delivering our strategy of
cross-selling MIS services to existing background check customers,
as well as those currently using other suppliers, and furthering
our mission to provide technology that simplifies the management of
complex chain of custody needs and ensures third party oversight
and compliance for all requirements. We look forward to
strengthening our relationship with this Customer and continuing to
rapidly expand our MIS business."
Enquiries
ClearStar, Inc.
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Robert J. Vale, Chief Executive
Officer
David Pattillo, Chief Financial
Officer +1 770 416 1900
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Cenkos Securities plc
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Max Hartley, Michael Johnson,
Corporate Finance
Andy Roberts, Sales +44 20 7397 8900
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Luther Pendragon Ltd
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Harry Chathli, Claire Norbury,
Oli Hibberd +44 20 7618 9100
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About ClearStar
ClearStar, Inc. is a leading and trusted background check
technology, strategic services, and decision-making information
provider to employers and background screening companies.
A seven-time Inc. 5000 honouree and founding member of the
National Association of Professional Background Screeners,
ClearStar has provided innovative technology solutions to
businesses in the human capital management industry from its
corporate offices in Alpharetta, Georgia since 1995. For more
information about ClearStar, please visit: www.clearstar.net.
This information is provided by RNS
The company news service from the London Stock Exchange
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