Vipera PLC Philips Lighting Location Lab partner program

TIDMVIP

Vipera PLC

21 March 2017

For immediate release 21 March 2017

VIPERA PLC

("Vipera" or the "Group" or the "Company")

Philips Lighting Location Lab partner program

Vipera (AIM: VIP), the specialist provider of mobile financial and retail services, is pleased to announce it has been selected to partner with Philips Lighting to complement its indoor positioning system.

Philips Lighting, a global leader in lighting products, systems and services has announced its Location Lab partner program, which includes Vipera, to enable collaboration with industry leaders and start-ups to develop innovative applications of its highly accurate indoor positioning system.

Vipera is using the Philips' indoor positioning technology as part of its growing retail offering and has created a proof of concept mApp called Follow Me which uses the Philips technology to direct consumers to specific products in store and then uses augmented reality to enable the user to scan a product and receive additional information, pricing and demos or previews. The mApp is currently being trialled with a major European retailer.

Other companies which have joined the Philips Lighting Location Lab program include Microsoft, SAP and Capgemini.

Philips Lighting, Segment Leader of Retail and Hospitality, Parik Chopra, commented: "Our Location Lab partners are as important to us as apps to a smartphone; the value a building owner derives from our indoor positioning system increases with the number of complementary products and services we offer. With our partners, we are able to turn our customers' vision into reality and enable them to differentiate through shopper convenience and staff efficiency.

"The market for indoor positioning is forecasted to triple by 2020, to over 1 million installations. Together with our Location Lab partners we are looking forward to offer scalable systems that fulfill the needs of this growing market."

Vipera CEO, Marco Casartelli, commented: "We are very pleased to have been selected by Philips Lighting to join their Location Lab partner program. Their technology not only complements our retail and customer engagement propositions but opens up the possibilities for much broader adoption in the retail community."

Contact:

 
 Vipera PLC 
  Marco Casartelli (CEO)              Tel: [phone] 
  Martin Perrin (CFO)                 2037 
  Simon Pearce (CMO)                  Tel: +44 (0) 20 
                                      7193 0833 
                                      Tel: [phone] 
                                      105376 
 finnCap Ltd (Nomad and Broker)     Tel: +44 (0) 20 
  Adrian Hargrave / Anthony Adams    7220 0500 
  (Corporate Finance) 
  Christian Hobart (Corporate 
  Broking) 
 IFC Advisory Ltd (Financial        Tel: +44 (0) 203 
  PR and IR)                         053 8671 
  Tim Metcalfe 
  Heather Armstrong 
  Graham Herring 
 

About Vipera:

Vipera Plc (AIM:VIP) a cutting edge Mobile Financial Services and Digital Customer Engagement Solutions provider, serves financial institutions and retailers worldwide with differentiated mobile banking, card management and customer engagement capabilities based around its proprietary bank grade multi-purpose platform, Motif. Additionally, it provides consultancy and other services to banks and financial institutions. For further information, please visit www.vipera.com

About Philips Lighting:

Philips Lighting (Euronext Amsterdam ticker: LIGHT), a global leader in lighting products, systems and services, delivers innovations that unlock business value, providing rich user experiences that help improve lives. Serving professional and consumer markets, we lead the industry in leveraging the Internet of Things to transform homes, buildings and urban spaces. With 2016 sales of EUR 7.1 billion, we have approximately 34,000 employees in over 70 countries. News from Philips Lighting is located at http://www.newsroom.lighting.philips.com .

This information is provided by RNS

The company news service from the London Stock Exchange

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March 21, 2017 03:02 ET (07:02 GMT)