Ubisense Group PLC First win in space and satellites sector
13 December 2017 - 6:00PM
RNS Non-Regulatory
TIDMUBI
Ubisense Group PLC
13 December 2017
13 December 2017
Ubisense Group plc
("Ubisense" or "the Company")
First win in space and satellites sector
Ubisense (LON:UBI), a market leader in enterprise location
intelligence solutions, is today announcing a new contract in the
space and satellites sector, the first deployment in this sector
for its SmartSpace platform and associated products. The customer
is one of the world's leading manufacturers of commercial and
military geosynchronous satellite platforms and space probes.
Ubisense's software platform and location system will support
the customer's strategy to double production output. By integrating
location technologies into a single operational view of real-time
production, SmartSpace provides complete visibility of the
manufacturing process, creating efficiencies across operations and
enabling significant growth in production.
This win provides another solid contribution to the revenues
generated from Ubisense's own products, underpinning the Board's
expectations for the business and demonstrating the business
opportunity to win important contracts in completely new
sectors.
Richard Petti, CEO of Ubisense, commented:
"As our first contract in the space and satellites sector this
is an exciting win for us. This market offers a wealth of
opportunities for Ubisense across the two key areas of satellite
manufacturing and ground support equipment manufacturing. This new
contract is a result of our ongoing strategy to proactively seek
opportunities in new industries as well as retaining and growing
business across our core sectors of passenger and commercial
vehicles, aerospace and transit. SmartSpace is proven to deliver
improvements in productivity for many manufacturers and the
opportunities that this offers us as a business are enormous."
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
Elisabeth Cowell
Fiona Norman
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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