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BRU Brulines

107.00
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Brulines LSE:BRU London Ordinary Share GB00B13YVN56 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 107.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Vianet wins contract with Visa Europe (1683S)

16/11/2011 7:00am

UK Regulatory


Brulines (LSE:BRU)
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RNS Number : 1683S

Brulines Group PLC

16 November 2011

 
 Press Release   16 November 2011 
 

Brulines Group plc

("Brulines" or "the Group")

Vianet wins contract with Visa Europe

Brulines Group plc (AIM:BRU), the leading provider of real time monitoring systems and data management services for the leisure and forecourt solutions sectors, is pleased to announce that its subsidiary Vianet has secured a contract with Visa Europe to provide contactless payment technology for the vending machines located at its European headquarters in Paddington and its offices in Reading and Basingstoke.

Visa Europe is the driving force behind the growth of contactless payments in Europe. The growth of contactless-enabled cards in circulation in the UK has been substantial, and the figure of 17 million contactless-enabled cards currently in circulation is expected to exceed 30 million by the end of 2012 (source: Visa Europe).

The Vianet project, which has seen its cutting-edge contactless acceptance solution, Touch&Pay(TM), installed on a dozen vending machines across Visa Europe's three UK offices, has been met with a positive response from Visa staff and visitors. More than 10,000 contactless transactions have been processed in just six months.

The results of the project demonstrate the potential for contactless payments in the vending industry. Contactless technology allows customers to pay for low-value items by presenting their bank card or NFC-enabled mobile phone to a special reader fitted on the front of the vending machine, helping reduce the time it takes to pay.

Mark Austin, Head of Contactless at Visa Europe commented: "We have been working with Vianet since summer last year and they have quickly delivered a reliable and efficient solution. Having gone live with our project in the spring, we didn't expect the 10,000(th) contactless transaction milestone to pass so quickly.

"We believe that there is a significant opportunity for contactless in the vending industry and we look forward to seeing wider deployment of contactless technology."

James Dickson, CEO of Brulines, said: "The Board is pleased to have secured a contract with such a well-known name as Visa; contactless payment is extremely well-suited to the vending sector given the transaction value of purchases, and we are excited that Vianet is at the forefront of this sector. The pilot with Visa has shown very encouraging results, and we look forward to a longstanding partnership with them."

- Ends -

Enquiries:

 
 Brulines Group plc 
 James Dickson, Chief Executive   Tel: +44 (0) 1642 358 
                                                    800 
 james.dickson@brulines.com 
 
 
 Cenkos Securities plc 
 Stephen Keys / Camilla Hume   Tel: +44 (0) 20 7397 
                                               8900 
                                     www.cenkos.com 
 

Media enquiries:

 
 Abchurch Communications 
 Joanne Shears / Mark Dixon / Oliver                 Tel: +44 (0) 207 398 
  Baxendale oliver.baxendale@abchurch-group.com                      7729 
                                                   www.abchurch-group.com 
 

About Brulines

Brulines Group is focused on the provision of real time monitoring systems and data management services for the UK's leisure and petrol forecourt sectors. Since its admission to AIM in 2006, the Group has grown both organically and through a series of strategic acquisitions to give the Group access to key vertical markets. The Group operates two divisions which comprise five key products:

LEISURE DIVISION

 
 Dispense Monitoring   The Group's core product, DMS, is widely used 
  (DMS)                 by owners and operators within the UK licensed 
                        on-trade, especially the tenanted / leased 
                        pub sector. Flow meters connected to draught 
                        beer dispense lines send data via an on-site 
                        communication panel to a secure central database. 
                        Liquid volumes by fount, draught wine or post 
                        mix are tracked as they are served, thereby 
                        helping customers to maximise sales, service 
                        and quality as well as managing their costs. 
                        DMS is installed in over 22,000 pubs and manages 
                        data for more than one in three UK pubs. 
 i-draught             A more recent and rapidly growing product offer is i-draughtTM, an extension of the Group's 
  (formerly BQM)        DMS, which scrutinises the quality of products running through beer lines in a bar; measuring 
                        volume, temperature, flow rate and liquid type (e.g. beer, cleaning fluid or water) at the 
                        point of dispense. i-draught is the first system to provide effective measurement of true 
                        yields on draught products. Actual dispense volumes are compared with till transactions to 
                        identify shrinkage from products given away, pilferage and wastage. i-draught measures the 
                        precise temperature of every pint as it is dispensed, the time taken to dispense each drink, 
                        and automatically identifies the liquid allowing customers to know exactly when lines are 
                        cleaned. Wherever they are, customers can stay in control through accessing their information 
                        on a secure web site. 
 Gaming                The acquisition of Coin Metrics in May 2007 was a strong strategic fit with Brulines' existing 
  Machine Data         Machine Insite business which already provides gaming machine data management and consultancy 
  Services             services to operators within the pub, club and leisure markets. Customers benefit from 
                       state-of-the-art 
                       real-time data capture and reporting systems that deliver improved machine profitability and 
                       operational security. 
 Vending               The Group's subsidiary Vianet is a pan-European provider of telemetry and cashless solutions 
  Telemetry            and data applications to the vending industry. Vianet provides services for all vending 
                       management 
                       needs; from operations, sales, field services, national accounts to senior management. 
 

FUEL SOLUTIONS DIVISION

 
 UK Petrol        The Group's wholly-owned subsidiary, Edensure, supplies 
  Forecourt        key management information to independent, multi branded 
  Data Services    owner, and supermarket petrol forecourt operators in 
                   the UK which helps reduce loss of fuel and improve profitability. 
                   Edensure provides petrol retailers with an unrivalled 
                   level of accuracy in the monitoring and management of 
                   their wet stock, using the most sophisticated analytical 
                   techniques available worldwide. 
 
                   This division has been further strengthened by the acquisitions 
                   of Energy Level Systems in March 2010, the UK distributor 
                   of OPW Fuel Management Systems tank gauging solutions, 
                   and Retail & Forecourt Solutions in June 2010, the market 
                   leader in fuel pump calibration, adjustment and legal 
                   verification, and also a leading provider of forecourt 
                   audit and compliance services. The acquisition of LBI 
                   Installations Ltd, also in June 2010, brought additional 
                   expertise in the area of web-based contract management 
                   solutions for forecourt operations. 
 

Headquartered in Stockton-on-Tees, Brulines employs more than 240 people.

For further information, please visit www.brulines.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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