Proxama PLC Contract Renewal
July 13 2017 - 1:00AM
RNS Non-Regulatory
TIDMPROX
Proxama PLC
13 July 2017
13 July 2017
Proxama PLC
("Proxama" or the "Company")
Contract Renewal
Proxama PLC (AIM: PROX), the mobile location data and
intelligence expert, is pleased to announce that a major North
American bank has renewed its contract to use Proxama's location
technology for a further 12 months.
The contract renewal, commencing from July 2017, follows the
success of the initial contract, and will generate further
recurring revenue for the business. The renewal will see Proxama
continue to maintain a network of location services for 10,000
mobile touch points throughout the bank's national branch network
in Canada.
The bank is using Proxama's mobile location technology to enable
their banking customers to directly download their mobile payment
app, enabling further engagement with the bank. Over the last 12
months the ease of downloading the app has meant significant
numbers of customers have used their mobile to make payments,
leading to an increase in overall transaction volumes.
John Kennedy, Chief Executive of Proxama said:
"This contract is significant for Proxama as it demonstrates our
ability to work with leading brands to support major location
campaigns in different geographies. The renewal of this contract is
not only a testament to our product and services, but also evidence
of the continued demand for location-based mobile services across
the globe."
- ENDS-
Enquiries:
Proxama PLC
John Kennedy, Chief Executive 020 3668 2888
Peel Hunt LLP
(Nominated Adviser and Broker)
Richard Kauffer/Euan Brown 020 7418 8900
Redleaf Communications
Charlie Geller/Elise Palmer/Sam
Modlin 0207 382 4769
About Proxama
Proxama is a mobile location data and intelligence business,
helping companies connect the online world with the offline world
using mobile location technology data. To do this we use the latest
location technologies embedded into our partner apps on consumer's
mobile phones and when combined with geo-location capabilities and
our extensive Bluetooth beacon network, we generate and store
anonymised data.
Proxama is media-agnostic and works with a variety of media,
advertising, technology partners - plus the world's biggest brands.
Its technology is well positioned to fulfil the need for greater
accuracy and accountability, in a growing market that is
increasingly looking for superior data and verification. We help
them measure the effectiveness of their online media and whether it
results in actual store visits or drives a behaviour, to a
precision never seen before.
We can also help publishers monetise their apps and conventional
physical media companies measure their audience.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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