Crimson Tide PLC International Expansion Update (4310G)

TIDMTIDE

RNS Number : 4310G

Crimson Tide PLC

30 May 2017

Crimson Tide PLC

("Crimson Tide" or the "Company")

International Expansion Update

Crimson Tide (TIDE), the AIM--quoted provider of mpro5 -- Smart Mobility as a Service, is pleased to update the market on progress with its international expansion strategy, which it has previously indicated will drive further growth opportunities. Strategic partnerships with tactical investments are being made in new geographies, complementing the organic growth being delivered in the UK.

Particular areas of progress are as follows:

-- Ireland - first phase contract secured with one of the largest state-sponsored companies in Ireland. The initial agreement is for approximately 200 subscribers who will be using mpro5 for remote working. This transaction has been closed with the Company's partner, Vodafone. To support the ongoing growth in Ireland, Wesley Dunn has been promoted to a full time role in Business Support.

-- United States - Dagen Wilhelm has been appointed as International Healthcare Consultant. Ms. Wilhelm, based in the Washington D.C. area, will focus on business development for mpro5 with specific emphasis on the Company's healthcare offering. Dagen will be the key contact for our participation in the CARIN Allliance, which focuses on delivering solid pharmacovigilance and digitalised healthcare. The CARIN Alliance is a bipartisan, multi-sector collaborative, working to advance consumer-directed exchange of health information. Further to this, Crimson Tide is also in the process of establishing membership of RX360 - an international Pharmaceutical Supply chain consortium.

-- Netherlands - Following the recruitment of Erik-Jan Smulder, a seasoned sales professional previously with BlackBerry, the Company has signed an important pilot project with one of the world's leading Facilities Management companies, based in The Netherlands, which is looking to combine mpro5's smart mobility with Internet of Things ("IoT") enabled functionality. The pilot has commenced and the Company is hopeful that this will lead to a long term commercial agreement in the near future.

-- Denmark - The Company has secured its first contract with a Scandanavian company with a global footprint involved in the food processing industry. The use of mpro5 will enable staff to check workflows as components move through the supply chain. The initial deployment is small but expected to increase as the benefits of mpro5 are recognised.

-- UAE - our agreement with the British Centres for Business, ("BCB") has started to produce Enterprise level opportunities to the extent that we are pleased to announce the appointment of Senior Consultant Brad Manser with immediate effect. Mr. Manser, who is based in Dubai, will act as Director of Business Development for the Middle Eastern region. Brad has a wealth of experience in the area with previous roles as Operations Manager, Chief Operating Officer and Managing Director for a number of companies within the region.

-- Australia. The Company has got off to a good start with its new partner, Mobilise IT , based in Melbourne and will be visiting the region shortly to progress emerging opportunities.

The Company is also pleased to announce the appointment of Barry Finnegan, an IoT strategist who will help develop our nascent investment in IoT technologies on mpro5. IoT has considerable benefits for intelligent and proactive data collection, particularly regarding smart sensors from motion to temperature & humidity, and Bluetooth devices which, we believe, represents a significant opportunity for mpro5 and Crimson Tide.

Barrie Whipp, Executive Chairman of Crimson Tide, said: "We are delighted with the progress that we have made with our international sales effort in such a short space of time and which underpins our belief that mpro5 has wide reaching appeal on a global basis. This is just the start of our international journey and I am confident that we will experience many more successes and wide scale adoption in these and other geographies as our reputation continues to grow."

For further information please contact:

 
 Crimson Tide plc 
  Barrie Whipp / Steve Goodwin    01892 542 444 
 WH Ireland 
  James Joyce / James Bavister    020 7220 1666 
 Alma PR                          O77 8090 1979 / 
  Josh Royston / Robyn Fisher      075 4070 6191 
 

Notes to editors

1. Founded in 1996 and quoted on AIM since 2006, Crimson Tide plc is the provider of mpro5 -- Smart Mobility as a Service (SMaaS). mpro5 is delivered on smartphones, tablets and PDAs, and enables companies to transform their businesses and strengthen their workforces.

2. Crimson Tide offers a global service, working with some of the world's leading companies, tailoring mpro5 to suit customer needs. Developed over 10 years by its world--class team, mpro5 is the smart choice for organisations large and small that want to improve productivity and save money.

3. mpro5 is a platform--agnostic mobility suite fully hosted on Microsoft Azure, so customers are quickly up and running and the service is scalable and robust. It is provided on subscription, so clients can immediately see a return on their investment.

4. mpro5 not only helps people improve their day--to--day working methods while saving employers money, it also saves lives, by enabling haemophilia patients to verify the safety of their medication before use. mpro5 clients come from a diverse range of industries allowing the Company to listen, share and find the best solution for all mobility needs.

This information is provided by RNS

The company news service from the London Stock Exchange

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May 30, 2017 02:01 ET (06:01 GMT)