MediaZest Plc
("MediaZest", the "Company" or "Group"; AIM: MDZ)
New product launch and first contract win
MediaZest, the creative digital out-of-home advertising company, is pleased to
announce the launch of its own unique retail data gathering product, "MediaZest
Retail Analytics".
The product, which is 100% owned by MediaZest, has been developed in
conjunction with Argus Global Biometrics Technologies Ltd pursuant to the
memorandum of understanding announced on 15 January 2014. It is the first
scalable intellectual property asset the Group has added since inception. The
two parties expect to develop additional products together providing
value-added services on top of the basic MediaZest Retail Analytics system, and
these are expected to generate significant shared intellectual property assets
for both parties.
The product provides highly advanced reporting analysis for the retail sector,
building on the Cognitec FaceVacs Videoscan platform. Using this face
recognition platform, the system can provide anonymous data for the retailer
and previously unavailable information to enable them to better understand
their store dynamics, trading patterns and improve their customer offering and
operational efficiencies.
Despite only soft launching in October 2014, the Company has already made its
first sale of, and deployed, the product to a global retailer for an initial
site. It expects to announce further similar deals in the next quarter.
Chief Executive, Geoff Robertson, said "This development is of tremendous
significance for the Group. Recent high profile audio visual integration
projects show how well the Group delivers its work but are by their nature
longer term opportunities and timing can be difficult to predict. The MediaZest
Retail Analytics system provides us with a product that in its very nature
delivers constant information and reports to clients and as such will give us
better ongoing monthly fees and much greater revenue visibility moving forward.
We have seen a huge amount of interest in the product when showing existing and
prospective clients and we expect it to have a big impact on the business over
the next 12 months and beyond. By providing anonymous but genuine `big data'
information to retailers we believe we are leading the market in the
information currently available in bricks and mortar retail stores.
The product is highly complementary to our existing services and indeed is
helping us to measure the success of those services for the client whilst
adding an additional revenue stream. We foresee existing customers using the
system to ascertain success of audio-visual installations and a whole new set
of customer using the system purely to provide data to help them run their
businesses better."
Enquiries:
Geoff Robertson
Chief Executive Officer
MediaZest Plc 020 7724 5680
Gavin Burnell / Edward Hutton
Nominated Adviser
Northland Capital Partners Limited 020 7382 1100
Claire Noyce / William Lynne / Niall Pearson
Broker
Hybridan LLP 020 3713 4581 / 4582 / 4583
Notes to Editors:
About MediaZest
MediaZest is a creative media agency and audio visual systems integrator that
specialises in providing innovative marketing solutions to leading retailers,
brand owners and corporations, but also works in the public sector in both the
NHS and Education markets. The Group supplies an integrated service from
content creation and system design to installation, technical support and
maintenance. MediaZest was admitted to the London Stock Exchange's AIM market
in February 2005. For more information, please visit www.mediazest.com
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.