Launch of CustomsCloudTM product

RNS Number : 2431J

Rosslyn Data Technologies PLC

21 December 2020

 

21 December 2020

Rosslyn Data Technologies plc

("RDT" the "Group")

Launch of CustomsCloud^TM product

Rosslyn Data Technologies plc (AIM: RDT), a leading global big data technology company, is delighted to announce the release of its Customs Cloud^TM software solution.

The cloud-based self-service solution is designed to enable importers to overcome the additional customs procedures resulting from the UK's departure from the European Union. CustomsCloud ^TM enables Rosslyn clients to register with HMRC and to file all import declarations, either individually or in bulk, calculate the VAT and duty owed on any imports and to report this information direct to HMRC for future payments. CustomsCloud ^TM automates the process, saving time for clients and also provides certainty by reducing the risk of unknown future charges being payable on the client's imports. This launch is in line with management's expectations and is further evidence of the added value that Rosslyn is offering its clients.

Following the end of the Brexit transition period, it is estimated that over 200,000 UK businesses that import from the EU will need to start completing customs declarations for the first time. Many businesses are applying for government grants, which provide funding for investment into IT projects for customs declarations, such as CustomsCloud ^TM . ¹

Rosslyn Chief Executive Officer, Roger Bullen said ;

"Following our acquisition of Langdon Systems last year, this is the first of the Langdon solutions which is 100% cloud-based. With the impact of Brexit being felt by every business, large or small, trading with the EU, our solution enables our clients to manage the situation cleanly, efficiently and inexpensively."

¹   https://www.gov.uk/guidance/grants-for-businesses-that-complete-customs-declarations  

Rosslyn Data Technologies plc	Roger Bullen, Chief Executive Officer	[phone] [phone]
	Ash Mehta, Chief Financial Officer	[phone]
Cenkos Securities, Nominated Adviser, Broker	Stephen Keys/Giles Balleny	[phone]

Notes to Editors

Rosslyn Data Technologies plc, (AIM: RDT) is a leading provider of a cloud-based big-data analytics platform. The company provides analytical services by combining four key technologies: bulk data extraction; cleansing; enrichment; and visualisation, through a single cloud platform enabling users with detailed data to make more informed decisions. Rosslyn's RAPid platform is the Group's primary product available to its multinational customers.

Further information can also be found on the Company's website at:  www.rosslyndatatech.com

 

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