2 July 2024
Checkit plc
("Checkit" or the
"Group")
Contract Win
Checkit (AIM: CKT), the automated monitoring platform
for operational leaders, is pleased to announce a significant
expansion with an existing UK customer.
Checkit has signed a new contract with an integrated
energy company to provide real time operations management
capabilities to 150 additional franchisees in the UK. The
sites will be installed in tranches over the duration of the
32-month contract. The full value of the contract is worth
c.£250,000 annually and is additional to the contract announced on
15 April 2024 for 50 franchisees. The franchise operations for this
customer represents an opportunity of twice the number of existing
company owned locations globally, and Checkit is hopeful of signing
further similar contracts with this customer.
Commenting on the
news Kit Kyte, Chief Executive Officer, said:
"This latest win
continues to validate our 'land and expand' strategy and
demonstrates continued momentum in the UK. I am delighted to
continue to expand our relationship with this strategic customer
and I am excited by the opportunities for further expansion
globally."
For further
information, please visit www.checkit.net or contact:
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Checkit plc
Kit Kyte (Chief Executive
Officer)
Greg Price (Chief Financial and
Operations Officer)
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+44
(0) 1223 643313
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Singer Capital Markets (Nominated Adviser &
Broker)
Shaun Dobson / James
Fischer
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+44
(0) 20 7496 3000
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Tavistock (Financial
PR)
Lulu Bridges / Katie Hopkins / Simon Hudson
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+44 (0) 20 7920
3150
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