Ubisense Group PLC Significant contract extension
18 October 2017 - 5:00PM
RNS Non-Regulatory
TIDMUBI
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 GBP1m, 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 +44 (0)1223 535170
Richard Petti
Tim Gingell
Numis Securities Limited +44 (0)20 7260 1000
Jamie Lillywhite (Corporate Finance)
Toby Adcock (Corporate Broking)
Redleaf Communications +44 (0)20 7382 4730
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
This information is provided by RNS
The company news service from the London Stock Exchange
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