New contracts

RNS Number : 3599S

Ubisense Group PLC

17 March 2016

 

17 March 2016

Ubisense Group PLC

("Ubisense" or "the Company")

Contract wins

Ubisense (LON:UBI), a market leader in enterprise location intelligence solutions, is pleased to announce new contracts in North America for its Geospatial division. The contracts, valued at a combined $2.9m, are with Tier 1 broadband communications and entertainment providers and one of the largest power companies in the United States.

Ubisense will provide managed services for its flagship myWorld product and other systems used to manage and visualise the network assets of both customers.

These wins will provide a solid contribution to the Group's planned revenues in the current  year with the potential for additional revenue as the customers' use of the products expands.

Richard Green, CEO of Ubisense, commented:

"This is a significant endorsement of our myWorld system and its application within businesses to manage their network assets. The fact that such renowned businesses in their respective spaces have extended their relationships with Ubisense is testament to the myWorld proposition and its effectiveness.

"We are pleased to be further supporting these customers in operating economically, effectively, and safely, whilst best serving the needs of their own customers.  We look forward to augmenting these relationships further as the customers' enterprise location intelligence needs develop."

For further information contact:

Ubisense Group plc                                                                                        [phone]

Richard Green

Tim Gingell

Numis Securities Limited                                                                             [phone]

Simon Willis (Corporate Finance)

Jamie Lillywhite (Corporate Finance)

Toby Adcock (Corporate Broking)

Redleaf Communications                                                                            [phone]

Rebecca Sanders-Hewett

David Ison

Harriet Lynch

About Ubisense

Ubisense (AIM: UBI), a global leader in Enterprise Location Intelligence solutions, helps manufacturing, communications and utility companies improve operational efficiency and boost profitability. Ubisense location intelligence systems bring clarity to complexity, enabling customers to revolutionise their operational effectiveness in a measurable way. Founded in 2002, Ubisense is headquartered in Cambridge, England, with offices in North America, France, Germany and Japan. For more information visit: www.ubisense.net.

 

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