Major Contract win for Streams data platform

RNS Number : 8377E

Mobile Streams plc

12 July 2021

 

 12 July 2021

Mobile Streams plc

("MOS" or "the Company")

Major Contract win for Streams data platform. Revenue up 300% since December

Mobile Streams plc, the AIM quoted mobile content and data intelligence company, is delighted to announce it has signed a major contract with Tappit Technologies (UK) ("Tappit") for the use of its Streams data platform. The deal is worth up to £480,000 over 4 years, with a minimum £10,000 per month for at least 6 months.

It will increase Streams' revenue to an estimated £35,000 per month, an increase of approximately 300% since December.  

Tappit www.tappit.com provides proprietary contactless payment and fan experience ecosystems at sports and entertainment venues for clients in 20 countries. Clients include Kansas City Chiefs, Jacksonville Jaguars, Learfield/IMG, Formula 1, San Antonio Spurs, San Diego Padres, multiple music festivals and W Hotels Group. The company was founded in 2018 and is headquartered in Leeds, with offices in Dubai and Dallas.

Jason Thomas, Global CEO of Tappit, said:

"We are delighted to have signed this contract with MOS - the partnership will enhance our ability to support our clients in leveraging their data to increase operational efficiency, security and revenues."

Nigel Burton, Non-Executive Director, said:

"We are extremely pleased to be able to announce this major contract. This is another important enterprise client win for the Streams data business which has shown exceptional growth since the start of the year. We look forward to working closely with Tappit."

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

About Streams Data

The Streams Data business provides data insight, intelligence and visualisation services and marketing optimisation tools. The enterprise level bespoke service achieved first revenues in June 2020, and the Streams SaaS ("Software as a Service") self-service platform generated initial customer revenues in October 2020. Enterprise clients include The Economist and Quanta Media Group.

About Tappit www.tappit.com 

Tappit is the leading global payment and data ecosystem for events, attractions, stadia and venues, providing a unique end-to-end solution including cashless payment, white label payment apps, mobile pay, RFID and business intelligence. Tappit's solutions enhance live event experiences, providing technology and data to the organisers, which in turn improves customer experience and increases profitability. Tappit brings event organisers and venues closer to their customers, giving them control over their payment solutions whilst providing actionable insights to make events even better.

For further information, please contact:

Mobile Streams plc

Nigel Burton, Non-Executive Director

[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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