Vianet Group PLC Business Update (1074J)
August 15 2019 - 1:00AM
UK Regulatory
TIDMVNET
RNS Number : 1074J
Vianet Group PLC
15 August 2019
For immediate release 15 August 2019
Vianet Group plc
("Vianet" or the "Group")
Business Update
Vianet Group plc (AIM: VNET), the international provider of
actionable data and business insight through devices connected to
its Internet of Things ("IOT") platform, today provides the
following business update.
Trading for the first four months of 2020 financial year has
been as anticipated with the Group being on course to meet market
expectations.
The Group's Smart Machines division has successfully concluded
negotiations on three long-term contracts with leading vending
operators. The combined contracts for 20,000 units will generate in
the region of GBP10 million of revenue over the three to five year
contract terms, which further underpins the growth of Smart
Machines.
Craig Brocklehurst, currently Commercial Operations Director,
has been appointed to head up the Group's Smart Zones division.
This follows the forthcoming departure of Steve Alton who was
recently appointed Chief Executive of pub industry body, the
British Institute of Innkeeping.
James Dickson, Chairman of Vianet commented: "We are pleased
with the contract wins, which are evidence of the Group's positive
start to the year. The Group also congratulates Craig on his
appointment to head up Smart Zones, replacing Steve Alton who was
recently appointed Chief Executive of pub industry body, the
British Institute of Innkeeping. We have no doubt that Steve's
draught beer quality expertise and insight make him ideally suited
for his new role and he leaves with our best wishes."
- Ends -
Enquiries:
Vianet Group plc
James Dickson, Chairman Tel: +44 (0) 1642 358
800
james.dickson@vianetplc.com www.vianetplc.com
Cenkos Securities plc
Stephen Keys / Cameron MacRitchie Tel: +44 (0) 20 7397
8900
www.cenkos.com
Media enquiries:
Yellow Jersey PR
Sarah Hollins Tel: +44 (0)7764 947
Henry Wilkinson 137
vianet@yellowjerseypr.com Tel: +44 (0)7951 402336
www.yellowjerseypr.com
About Vianet
Vianet Group is a leading provider of actionable management
information and business insight created through combining data
from our smart Internet of Things ('IOT') solutions and external
information sources.
Since Admission to AIM in 2006, the Group has grown from its
core beer monitoring business both organically and through
strategic acquisitions to widen its offering and also develop new
businesses, especially in vending telemetry and contactless payment
solutions particularly for the premium coffee sector.
Servicing over 300 customers across the world and rendering live
data to our IOT platform from over 250,000 connected machines
daily, Vianet is one of the largest business to business (b2b)
connected solutions providers in Europe with established long term
relationships with blue chip customers and growing recurring
revenues which are over 85% of our total revenues.
In our Smart Machines Division we connect a single data
gathering device with its own on-board communication capability to
a customer's asset or system. The device then sends data back via
our IOT platform to cloud based servers. The technology was
originally developed for automated retailing machines, however the
flexibility and functionality of the device means the technology
can be applied to practically any machine which has the capability
to output data. The device is also used to connect our contactless
payment solution and communicate payment terms to our cloud based
payment services providers where that application is also
required.
The Smart Zones Division is where we connect multiple data
gathering devices into one or more systems or assets with the data
from those devices being communicated back to our IOT platform and
cloud based servers via a single 3G communications hub. The
technology was originally developed for flow monitoring devices,
temperature sensors, and asset management in drinks retailing but
practically any data gathering device with a digital output could
be connected to the communications hub where required such as
gaming machines, utilities management and EPOS.
For further information, please visit www.vianetplc.com
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END
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