TIDMPTRO

RNS Number : 2420S

Pelatro PLC

16 March 2021

16 March 2021

Pelatro Plc

("Pelatro" or the "Group")

Contract Wins Improve Visibility for 2021

Pelatro Plc (AIM: PTRO), the telecom Customer Engagement Hub software specialist, is pleased to announce that it has won several purchase orders for change requests, adding up to approximately $400,000, that will be delivered in 2021. With these, the total value of contracts in hand representing 2021 revenue is about $6 million.

Commenting on this increase, Subash Menon, Managing Director and CEO said, "The continued growth in contracts augurs well for 2021 and beyond. Given that we have already secured contracts to deliver $6 million of revenue for 2021 within the first quarter of the year, we have every confidence of our business roll-out and meeting our financial expectations for this year."

For further information contact:

 
 Pelatro Plc 
 Subash Menon, Managing Director                      c/o Cenkos 
 Nic Hellyer, Finance Director 
 
 Cenkos Securities plc (Nominated Adviser 
  and Broker)                                +44 (0)20 7397 8900 
 Stephen Keys / Mark Connelly (Corporate 
  Finance) 
 Michael Johnson (Sales)

Notes to editors

The Pelatro Group was founded in March 2013 by Subash Menon and Sudeesh Yezhuvath with the objective of offering specialised, enterprise class software solutions for customer engagement principally to telcos who face a series of challenges including market maturity, saturation and customer churn.

Pelatro provides its "mViva" platform for use by customers in B2C and B2B applications, and is well positioned in the Customer Engagement space. Our technology orchestrates the digital journey of the customers of the telcos through contextual, relevant and real time offers and loyalty programs across multiple channels including websites, social media, apps and others.

For more information about Pelatro, visit www.pelatro.com

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March 16, 2021 03:00 ET (07:00 GMT)

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