Trading Update

RNS Number : 1567B

Touchstar PLC

08 January 2018

 

8 January 2018

Touchstar plc

Trading Update

The Board of Touchstar plc ((AIM:TST) 'Touchstar', the 'Company' or 'the Group'), is pleased to announce that it expects the outcome for its financial year ended 31 December  2017 to be  in line with market expectations with profit, adjusted for  exceptional items,  after tax expected to be approximately £400,000 on turnover for the year of approximately £8 million. The second half has seen continued progress in delivering new solutions and phasing out old products and pleasingly the second half has seen two subsidiaries; Touchstar OnBoard Retail and Touchstar Proof of Delivery, deliver significant roll outs of recently developed software solutions.

Touchstar Onboard Retail a provider of Onboard Retail Technology to the Travel Retail industry for over 30 years, has completed the implementation and roll out of its NovoStar Onboard retail solution across the entire fleet of Sri Lankan Airlines' aircraft. The Novostar solution supports both the in-cabin front end sale of products on standard android-based devices which is then integrated into NovoStar's cloud based back office suite. The NovoStar back office includes various functions; inventory management, galley planning, pricing and sales data. This functionality is supported with a sophisticated reporting suite which provides critical and real-time information that can be published on a management portal as well as conventional reports.

Touchstar Proof of Delivery is a provider of Electronic Proof of Delivery (EPOD), job and vehicle management solutions to the commercial fleet sector has recently successfully piloted, and now due for roll out January 2^nd at React Transport.  React are specialists in fragile freight distribution offering same-day nationwide and European express transport and warehousing. The Cloud-based PodStar system offers a planning and vehicle management tool that automates existing manual processes. Using real time job information, clients are able to drag and drop jobs onto the relevant vehicles. Built-in checks, ensure that vehicles are not overloaded. Once a manifest has been created it is then automatically sent out to the drivers remotely in the field. Once downloaded the driver can receive their jobs and complete in real time.

Commenting on the roll-outs, Mark Hardy, CEO of Touchstar, said:

"These roll-outs are further key milestones for Touchstar new product innovations. In both instances, the project leaders on either side of the partnership performed well and the implementation of the systems in a timely period was due to their combined efforts and the ease with which cloud based systems can be implemented."

For further information, please contact:

Touchstar plc	Ian Martin Mark Hardy	0161 8745050 0161 874 5050
WH Ireland - Nominated Adviser	Mike Coe/Ed Allsopp	0117 945 3472

Information on Touchstar plc can be seen at: www.touchstarplc.com

 

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