Eagle Eye Solutions Group PLC EYE and TGCS sign renewed 2-year Asda contract (2654K)

TIDMEYE

RNS Number : 2654K

Eagle Eye Solutions Group PLC

06 July 2017

6 July 2017

Eagle Eye Solutions Group PLC

("Eagle Eye" or the "Company")

Eagle Eye and Toshiba Global Commerce Solutions sign a renewed 2-year contract with Asda

Eagle Eye, the SaaS technology company that validates and redeems digital promotions in real-time for the grocery, retail and hospitality industries, is pleased to announce that the Company, as a sub-contractor of Toshiba Global Commerce Solutions, has renewed the contract originally signed in 2015 for the use of the Eagle Eye AIR platform within Asda Stores Ltd ("Asda") in the UK. The innovative platform integrates with existing ASDA-Walmart POS solutions in Asda stores.

This renewal follows the successful deployment and launch of the AIR platform enabling the digital counting and reconciliation of own brand and supplier brand coupons at point of sale across the Asda estate, improving fraud prevention and operational efficiency. The contract will continue to provide Asda with the ability to deliver real-time issuance and redemption of coupons and vouchers for Asda-specific campaigns.

Tim Mason, Chief Executive Officer of Eagle Eye, commented: "We are delighted to be renewing our contract with Asda and Toshiba Global Commerce Solutions. We have worked closely with them over the past two years to deliver a valuable and innovative solution that enables Asda to operate much more efficiently. This renewal reflects the solid relationship we have with Toshiba Global Commerce Solutions and is further confirmation that Asda are experiencing great value through the platform and the benefits it delivers."

Darren Holland, UK Sales Director of Toshiba Global Commerce Solutions, commented: "Toshiba Global Commerce Solutions is proactively acting on Asda's requirements to help them deliver innovation and achieve their vision of the future. Our collaboration with Eagle Eye and integration of their platform with Toshiba POS systems allows Asda real time reporting and analysis capabilities for digital campaigns."

 
 For further information, please contact: Eagle 
  Eye 
 Tim Mason, Chief Executive Officer        Tel: 0844 
  Lucy Sharman-Munday, Chief Financial      824 3686 
  Officer 
 
   Investec (Nominated Advisor and Broker) 
 Dominic Emery/David Anderson, Corporate   Tel: [phone] 
  Finance                                   5970 
 Matt Lewis, Rob Baker, Corporate Broking 
 
  Hudson Sandler 
 Nick Lyon/Alex Brennan                    Tel: [phone] 
                                            4133 
 
   Information on Eagle Eye 
   www.eagleeye.com 
 

Eagle Eye is a leading SaaS technology company that securely validates and redeems digital promotions in real-time for the grocery, retail and hospitality industries.

The Company's digital marketing platform, Eagle Eye AIR, enables the secure, real-time, multi-channel issuance, management and redemption of digital promotions and rewards, replacing previously used paper-based methods. Our Eagle Eye platform creates a network effect between merchants, distributors and brands enabling stronger connections and value to all parties. Through our four products we enable brands and merchants to reduce cost, improve their customer offer and accelerate their innovation.

The Company's current customer base comprises leading names in UK grocery, retail and hospitality including Asda, J Sainsbury, Greggs, JD Sports, Ladbrokes, Marks & Spencer, Mitchells & Butlers, Pizza Express, Tesco and Thomas Pink.

Information on Toshiba Global Commerce Solutions

www.toshibacommerce.com

Toshiba Global Commerce Solutions is retail's first choice for integrated in-store solutions and is a global market share leader in retail store technology. With a global team of dedicated business partners, Toshiba delivers innovative commerce solutions that transform checkout, provide seamless consumer interactions and optimize retail operations that are changing the retail landscape.

To learn more, visit toshibacommerce.com or engage on Twitter @toshibagcs

This information is provided by RNS

The company news service from the London Stock Exchange

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July 06, 2017 02:00 ET (06:00 GMT)