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Data analytics with the latest AI systems in collaboration with Company partners set Modern Water up for multiple revenue streams from equipment, consumables and predictive services for our existing and new clients coming online to manage their COVID-19 risk.

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Parity signs a 3-year revenue sharing Framework Agreement with Integumen plc
19 December 2019

AIM: PTY

Parity Group PLC

("Parity" or "Company")


Parity signs a 3-year revenue sharing Framework Agreement with Integumen plc


Parity announces, pursuant to its announcement on 13 November 2019, the completion of a framework agreement with Integument to offer its clients access to Rinocloud, a secure cloud based data storage solution with built in Artificial Intelligence.

The signing of a 3-year Framework Agreement (“Agreement”) with Rinocloud Limited (“Rinocloud”), a subsidiary of Integumen plc, for the supply and roll-out of mobile enterprise resource, data management and artificially intelligent business tool software services to clients from within the public sector including the National Health Service (“NHS”), Utilities, Housing Associations and Private Institutional companies.


Matthew Bayfield, CEO of Parity Group plc comments:

“Having joined as CEO in February 2019 I am delighted to announce the agreement with Integumen as we head into 2020. This agreement is part of Parity’s transition to a leaner, higher value, enterprise resourcing and data management consultancy.

Clients want to take control of their data landscape, and they want Parity to be flexible in partnering with them to deliver their outcomes, this agreement helps us to add value to our client’s business. By increasing value for our clients, we increase our revenue per client, increase client contract terms, generating a higher margin and profitability.”


Gerard Brandon, CEO of Integumen plc, & Director of Rinocloud, comments:

"Following on from the Heads of Terms signed with Parity 5-weeks ago, Rinocloud can already see the benefit of working alongside the Parity Team who are vendor approved and offer a ready-made sales, marketing and distribution channel into the ideal clients for our mobile enterprise resource, business tools and data management software services. The teams have already identified a number of clients across the Parity client portfolio and expect to commence targeting them early in 2020.”


Combined benefits:

Recurring shared revenue streams for both Parity and Integumen in 2020
Value-added proposition in demand from Parity clients with c. 3 to 5-year annual contracts
Immediate access to 150 public and private institutional clients
Trusted approved vendor for Government and private sectors for over 45 years
1,000+ data experts and 100+ enterprise sales and office professionals
Existing cross-over access to educational institutional research facilities
Access to multiple industry, public and private sector distribution routes to market
Well defined roadmap to next level business growth for both Parity and Integumen

I wonder if institutional investors will be taking positions in skin soon.?

That's because we are all seasoned well rounded investors in a well managed high quality company that is still way undervalued by the market. Nothing phases us here and we are not the like the rampy types you get elsewhere.

I couldn't care less what Tom W@nkfroth says, the man is well dodgy.

FOMO kicking in

MMs being d1cks again, 1 trade 220 shares and they drop the SP.

Boom time

Amigo is risky but NSF is in another nuclear risk league.

I think you got a good deal unless MMs keep dropping on any sales that is. Company will be updating us again next month so hopefully good news will come. And maybe more will see the value here.

Oh techieman you are brave making that call on here the locals will not like it one bit but someone had to tell them I guess and you just used the bullets already provided to fire the gun. You will be vilified for that though.

Thanks for guys, I shall watch and learn then

wow, not very informative but hey ho. Is it down to this? The Board notes that a material uncertainty exists relating to going concern due to Covid-19 and the potential for either a sustained high level of customer complaints redress or a negative outcome of the FCA investigation (see note 1.1 to the financial statements). Despite this, the Board considers there to be adequate liquidity to continue to support the ongoing business activity

Hi Twisty, I'm new here too having dipped my big toe in today but it was buy based on posts I saw rather than based on knowledge of the business so pure punt for me as the chart shows where this has fallen from, my question is why has it fallen so low? Was it a regulator penalty or just bad luck/decisions? Does seem very cheap but I guess still very high risk? Would appreciate anything you can share here.

Just thought we should at least spell his name right now.

40p the bid now on the back of just small sells.

Could be fast money from SYME winners coming in and or AVCT holders who were quite positive about SKIN last week

Well if are not then we should be

Trills yes and with a piece of kit that can be used in real time to analyse breath.

Trils, actually Gerry's twitter comment was and I quote "interesting". I know what I think of that comment and I like it.