Crimson Tide PLC Contract Win (9628M)
September 20 2023 - 1:00AM
UK Regulatory
TIDMTIDE
RNS Number : 9628M
Crimson Tide PLC
20 September 2023
20 September 2023
Crimson Tide plc
("Crimson Tide" or "the Company")
Contract Win in the United States
Crimson Tide Plc (TIDE) ("Crimson Tide" or "The Company"), the
provider of the mpro5 solution, further extends its reach in the US
by supporting a new client which provides catering services at UNC
Health, part of the University of North Carolina (UNC).
Our client will use the mpro5 mobile app, reporting, and
dashboards to ensure the timely delivery of meals at the
appropriate temperature to students, initially on one of the
medical campuses. mpro5 will also monitor and automate the dietary
requirements of patients and use carb-counting to help regulate
medicinal dosages for patients.
The mpro5 solution will help deliver over 240,000 warm, healthy,
dietary-appropriate meals over this initial 3-year contract. The
initial value of the contract is c$72,000, with the expectation
that this will grow following the initial rollout.
The Company also announces that its nominated adviser and broker
finnCap Ltd, has changed its name to Cavendish Capital Markets
Limited.
Chairman Barrie Whipp commented, "This contract win extends our
reach into the US, further emphasises our strength in the contract
catering sector, and, most importantly, helps our client deliver
safe and healthy meals to its most in-need patients. We look
forward to exploring how we can further help US education providers
meet the compliance, auditing and verification challenges of
catering in a student environment."
Enquiries:
Crimson Tide plc +44 1892 542444
Barrie Whipp / Jacqueline Daniell
Cavendish Capital Markets (Nominated Adviser and Broker) +44 20
7220 0500
Julian Blunt / Milesh Hindocha, Corporate Finance
Andrew Burdis, Corporate Broking
Alma PR (Financial PR) +44 7780 901979
Josh Royston
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END
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