First win in space and satellites sector

RNS Number : 1490Z

Ubisense Group PLC

13 December 2017

 

13 December 2017

Ubisense Group plc

("Ubisense" or "the Company")

First win in space and satellites sector

Ubisense (LON:UBI), a market leader in enterprise location intelligence solutions, is today announcing a new contract in the space and satellites sector, the first deployment in this sector for its SmartSpace platform and associated products. The customer is one of the world's leading manufacturers of commercial and military geosynchronous satellite platforms and space probes.

Ubisense's software platform and location system will support the customer's strategy to double production output. By integrating location technologies into a single operational view of real-time production, SmartSpace provides complete visibility of the manufacturing process, creating efficiencies across operations and enabling significant growth in production. 

This win provides another solid contribution to the revenues generated from Ubisense's own products, underpinning the Board's expectations for the business and demonstrating the business opportunity to win important contracts in completely new sectors.

Richard Petti, CEO of Ubisense, commented:

"As our first contract in the space and satellites sector this is an exciting win for us. This market offers a wealth of opportunities for Ubisense across the two key areas of satellite manufacturing and ground support equipment manufacturing. This new contract is a result of our ongoing strategy to proactively seek opportunities in new industries as well as retaining and growing business across our core sectors of passenger and commercial vehicles, aerospace and transit. SmartSpace is proven to deliver improvements in productivity for many manufacturers and the opportunities that this offers us as a business are enormous."

For further information contact:

Ubisense Group plc                                                                                        [phone]

Richard Petti

Tim Gingell

Numis Securities Limited                                                                             [phone]

Jamie Lillywhite (Corporate Finance)

Toby Adcock (Corporate Broking)

Redleaf Communications                                                                            [phone]

Elisabeth Cowell

Fiona Norman

About Ubisense

Ubisense (AIM: UBI), is a global leader in Enterprise Location Intelligence Solutions, proven to drive quality, reduce costs, manage complexity and increase productivity for its customers across the world. Central to its offering are two powerful IIoT software platforms that can take data from any source to provide visibility of customers' operations. Offering in-depth knowledge of the sectors in which it operates across the world, Ubisense has long standing relationships with many customers across target markets including automotive, aerospace, logistics, communications and utilities. Founded in 2002, Ubisense is headquartered in Cambridge, England, with operations in North America, Germany, France and Japan.  www.ubisense.net

 

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