Share Name Share Symbol Market Type Share ISIN Share Description
Proxama LSE:PROX London Ordinary Share GB00B2PKZ581 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.005p -11.76% 0.0375p 0.035p 0.04p 0.0425p 0.0375p 0.0425p 38,870,067 10:45:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 1.8 -5.8 -0.4 - 1.09

Proxama PLC Proxama signs agreement with Rail Delivery Group

17/07/2017 7:00am

RNS Non-Regulatory


TIDMPROX

Proxama PLC

17 July 2017

17 July 2017

Proxama PLC

("Proxama" or the "Company")

Proxama audience grows to over 3.8 million consumers via partnership agreement with Rail Delivery Group

Proxama PLC (AIM:PROX), the leading mobile location data and intelligence expert, announces that it has signed a partnership agreement with Rail Delivery Group to embed Proxama's technology into its National Rail Enquiries app, for both Android and iOS smart phone users.

The agreement follows the Company's announcement on Friday 30(th) June transitioning the focus of the Company from a mobile proximity marketing business to a mobile location data and intelligence business, working with various industry sectors, such as the advertising industry to precisely attribute real world behaviour to campaigns.

The launch of the iOS National Rail Enquiries app in July will grow the Company's audience from the 2.7 million reported in May 2017 to over 3.8 million consumers. We expect the launch of Android to follow later in the year.

The location technology embedded within the National Rail Enquiries apps will generate anonymised consumer data which Proxama's AI platform will monetise through the sale of premium audience and attribution products and services. Rail Delivery Group will also use the precise location intelligence data generated by Proxama's technology in order to enhance its own app experience for its consumer base and advertisers, such as precisely targeted and contextual mobile advertising.

Proxama's Group CEO, John Kennedy said:

"This agreement with Rail Delivery Group is important to the Company. Not only is it a fantastic brand to be working with, but it helps us to further establish our monetisable audience from which to base data products. Our mobile location and intelligence business is seeing increasing demand for our services and we look forward providing our clients with premium services and access to precise anonymised data."

Rail Delivery Group's Digital Revenue Manager, Jonathan McCauley-Oliver said:

"Working with Proxama means we can embed the latest mobile location intelligence technology into our National Rail Enquiries apps, giving us a competitive edge when it comes to offering a more precise and targeted experience for our consumers and advertisers."

-ENDS-

Enquiries:

 
Proxama PLC 
 John Kennedy, Chief Executive    020 3668 2888 
Peel Hunt LLP 
 (Nominated Adviser and Broker) 
 Richard Kauffer 
 Euan Brown                       020 7418 8900 
Redleaf Communications 
 Charlie Geller 
 Elise Palmer 
 Sam Modlin                       020 7382 4730 
 

About Rail Delivery Group

The Rail Delivery Group brings together train operators and Network Rail to improve the railway - www.raildeliverygroup.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 17, 2017 02:00 ET (06:00 GMT)

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