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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Elektron Technology Plc | LSE:EKT | London | Ordinary Share | GB00B0C5RG72 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 53.50 | 53.00 | 54.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMEKT
RNS Number : 0878R
Elektron Technology PLC
19 September 2017
Elektron Technology plc
Checkit customer contract win
Elektron Technology plc (AIM: EKT, "Elektron", "Group"), the global technology group, announces a significant customer contract win for Checkit Limited ('Checkit'), its subsidiary business focused on providing real time task management and monitoring technology.
Following the successful launch of Checkit's next generation edition in 2016, and initial customer success including the creation of a relationship with Compass, the company has now secured a two year rolling contract with one of the UK's leading retail organisations. As a result Checkit will be deployed across more than 70 locations to automate, guide and enforce compliance and management processes. This contract is initially worth over GBP225,000 annually in recurring revenue. Once fully installed Checkit's recurring annualised revenues will be in excess of GBP600,000 per annum.
Today's announcement is an important milestone for Checkit and provides further validation of the significant investment that the Group has made in the Checkit business.
Checkit continues to build its customer base among small and medium sized businesses and to develop relationships and pilots with major organisations. The Board remains confident in the overall long term growth prospects of the business.
John Wilson, Chief Executive Officer of Elektron, said:
"This is a significant development for Checkit, further confirming its value as a vital management tool for business improvement."
For further information:
Enquiries:
Hot Features
Premium
+44 (0) 1223
Elektron Technology plc www.elektron-technology.com 371 000
John Wilson - Chief Executive
Officer
Andy Weatherstone - Chief Financial
Officer
+44 (0)20 7220
finnCap 0500
Ed Frisby / Scott Mathieson
- Corporate Finance
Abigail Wayne - Corporate Broking
Notes to Editors
Elektron conceives designs and markets innovative engineered products and services for businesses that connect, monitor and control. We have a multi skilled team of engineers, software and product line specialists based in Cambridge focused on the opportunities created by global trends in the following areas:
- Demand for ubiquitous power and data: Bulgin
- New waves of "aware" business applications: Checkit
- The effect of ageing on sight: Elektron Eye Technology
- Growth in high precision manufacture: Queensgate
- Quality testing and inspection instruments: Sheen
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
September 19, 2017 02:00 ET (06:00 GMT)
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