Business
Contract Wins
Contract Wins.
About this update from Microlise Group Plc
[{"type":"text","content":"\n\n18 September 2023\n \nMICROLISE GROUP PLC\n(\"Microlise\", the \"Company\" or the \"Group\")\n \nMicrolise Secures Major Contracts with Two of Australia's Leading Grocery Retailers\nGroup making strong progress toward its strategic goal of international expansion\n \nMicrolise Group plc (AIM: SAAS), a leading provider of SaaS based transport technology solutions to fleet operators, is pleased to announce the signing of significant contracts with two of Australia's largest grocery retailers.\n \nMicrolise has signed a seven-figure contract over a five-year period with a new Australian grocery retail customer, further cementing Microlise's growing and substantial presence in the market. The customer will use a range of Microlise products including, Fleet Performance, Journey Management, Digital Video Recorder and 4-Way ClearVision Cameras, and the newly released product, AI driver distraction cameras.\n \nIn addition, Microlise has expanded its engagement with another leading Australian grocery retailer, worth an incremental £0.85 million with a five-year renewal. The customer will also now benefit from the use of the Group's hosting, support, and third-party integration with Journey Management.\n \nThese two significant contracts demonstrate strong progress in Microlise's strategy of enlarging its geographical footprint. It also demonstrates the attraction of the Company's expanded product offering and reflects the continued focus by fleet operators globally on achieving safer operations, enhanced efficiencies, reduced costs, and improved sustainability.\n \nNadeem Raza, CEO, Microlise, said: \"We are delighted to secure these contracts with two of Australia's largest grocery retailers. They are also of strategic importance, highlighting our growing presence in markets beyond the UK while helping to validate and endorse our expanding range of SaaS solutions across multiple target geographies.\n \n\"We are greatly excited, therefore, about further potential opportunities in international markets and look forward to updating the market in due course.\"\n \nFor further information, please contact:\n \n\n\n\nMicrolise Group plc\nNadeem Raza, CEO\nNick Wightman, CFO \n \n\n\nC/O SEC Newgate\n\n\n\n\nSinger Capital Markets (Nominated Adviser &...