LONDON (Alliance News) - Smartphone and tablet cloud services company Crimson Tide PLC Tuesday said it has won a three-year deal to provide its Mpro technology to an unnamed facilities-management company.
The group said it had won a contract to provide its Mpro5 technology to 155 users and said the deal equates to revenue of around GBP116,000 over the 36-month term of the contract.
"This contract win is further validation of how we can add significant high margin revenue by providing immediate benefits to our clients. I am particularly pleased with the fact that we will see mpro5 being used at such prestigious retail locations," said Crimson Tide Executive Chairman Barrie Whipp.
Crimson Tide shares were down 1.7% to 1.45 pence on Tuesday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Crimson Tide (TIDE)