Streams Data contract awards and update

RNS Number : 8856P

Mobile Streams plc

15 June 2020

 

15 June 2020

Mobile Streams plc

("MOS" or "the Company")

Streams Data contract awards and update

Mobile Streams plc, the AIM quoted mobile content and data intelligence company, is pleased to announce the signature of two further contracts by its Streams data intelligence business.

Data business

On 11 June the Company signed two new contracts for delivery of data insight, intelligence and visualisation services using the Streams platform delivered via the Company's partnership with KrunchData.

The first contract is with Orckid, a digital product and brand development agency within the Selbey Anderson Group.

The second contract is with the Education division of The Economist Group.

Dom Hawes, Group Chief Executive Officer of Selbey Anderson, said:

"We are delighted to have agreed terms with Streams, and look forward to developing the opportunities between Streams and the Selbey Anderson Group."

Nigel Burton, Chairman, said:

"Despite the disruption caused by the effects of the Covid-19 pandemic, we have continued to engage with both existing and potential new clients. Whilst the revenues expected from these two contracts may initially be modest, we are pleased to be demonstrating new client appetite for our proposition as we look to grow this second revenue stream for the Company. We have issued initial invoices for the Streams service, and in addition to the two new contracts announced today expect to sign further contracts in the coming months. To enable us to accelerate growth we have appointed Richard Brinkman as Business Development Director (a non-Board role), and we look forward to developing the product and sales pipeline further."

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

For further information, please contact:

Mobile Streams plc

Nigel Burton, Chairman

[phone]

www.mobilestreams.com

Beaumont Cornish (Nominated Adviser)

James Biddle and Roland Cornish

[phone]

Peterhouse Capital Limited (Broker)

Lucy Williams, Duncan Vasey and Eran Zucker

+ 44 (0) 20 7469 0930

 

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