Microlise Group PLC AU$20M Contract Win and Notice of Results

RNS Number : 6017I

Microlise Group PLC

28 March 2024

 

28 March 2024

 

MICROLISE GROUP PLC

("Microlise", the "Company" or the "Group")

 

AU$20M Contract Win and Notice of Results

Woolworths Group selects Microlise platform for application roll-out to entire online delivery fleet across Australia

 

 

Microlise Group plc (AIM: SAAS), a leading provider of SaaS based transport technology solutions to fleet operators, is pleased to announce it has signed an initial 5-year contract for a total value of AU$20M (approximately £10.6 million at AUD:GBP of 1.9352 as at 27 March 2024), with WooliesX, part of the Woolworths Group, Australia's largest supermarket chain.

WooliesX has selected Microlise to deploy applications across its entire online delivery fleet operation throughout Australia, which provide home delivery to 240,000 customer homes every week, and travel over 70,000,000 km's annually.  The landmark contract was agreed with a view to delivering improved asset and driver visibility, monitor asset health, understand the impact on the environment, promote behavioural improvements in drivers, enhance safety & compliance and reduce fuel costs.

WooliesX roll out of Microlise's solutions has already begun, with the remainder taking place across the rest of 2024. These solutions include Fleet Performance, Journey Management, Health & Safety Module, Cold Chain Temperature Monitoring and Full 5 Way clear vision Risk Reduction Cameras with AI Driver Distraction Camera's. The contract also includes Third-Party Integration with Woolies Proprietary Delivery Management Application (Woolies GO), which will interlink the two systems to share Woolies GO data via API directly into the Microlise Journey Management system, providing transparency across their operations and drivers performance.  

Henri Le Comte, Head of Vendor Success & Commercial, WooliesX said: "As we drive development of our connected customer experience forward, we look to partner with suppliers that will enable us to continuously develop an integrated solution across our operations. This is why we have chosen to partner with Microlise across several different solutions within our transport operations, including our own journey of implementing EV's into our fleet as part of our sustainability strategy."

Nadeem Raza, CEO, Microlise, said: "We are excited to be engaged with WooliesX, Australia's largest supermarket chain and we look forward to updating the market with our progress on this important project and the Group's expansion across Australia. This is a great example of how our technology is being used as part of major retailers' digitalisation journey to the benefit of all stakeholders."

 

Notice of Results

The Group expects to announce its audited results for the year ended 31 December 2023 on 9 April 2024.

Analyst Presentation

 

There will be a Zoom webinar for equity analysts at 09:30 BST on the day of results, hosted by Nadeem Raza, CEO, and Nick Wightman, CFO. Any analysts wishing to register for the event should email [e-mail] .

 

Investor Presentation

 

Additionally, the above presentation team will provide a live presentation for investors via the Investor Meet Company platform at 11:00 BST on the day of results.

 

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9:00 am the day before the meeting or at any time during the live presentation.

  

Investors can sign up to Investor Meet Company for free and add to meet Microlise Group plc via:

https://www.investormeetcompany.com/microlise-group-plc/register-investor . Investors who already follow Microlise Group plc on the Investor Meet Company platform will automatically be invited.

 

 

For further information, please contact:

Microlise Group plc Nadeem Raza, CEO Nick Wightman, CFO	C/O SEC Newgate
Singer Capital Markets (Nominated Adviser & Broker) Steve Pearce / James Moat / Harry Gooden	Tel: [phone]
SEC Newgate (Financial PR) Bob Huxford / Molly Gretton / Harry Handyside	Tel: [phone] Email: [e-mail]

 

 

About Microlise

Established in 1982, Microlise Group Plc is a leading SaaS provider of Transport and fleet management solutions. Its technology is designed to help businesses improve efficiency, reduce emissions, lower costs, and increase safety on the road.

With a range of products and services used by more than 400 enterprise clients globally, Microlise helps companies of all shapes and sizes - across a wide range of industries - to better manage their entire operation.

Backed by a team of experienced professionals who provide excellent customer service, the Group has won a number of awards, including three Queens Awards for Innovation (2019, 2020).

Headquartered in the United Kingdom, the company also has offices in France, Australia, and India with a global staff base of more than 750 industry professionals. 

Handling over 640,000 subscriptions annually, Microlise joined the Alternative Investment Market (AIM) in 2021, qualifying for the London Stock Exchange's Green Economy Mark.

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