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19 Nov 2015 07:00
19 November 2015
ClearStar, Inc.
("ClearStar" or the "Company")
ClearStar wins largest Direct Services contract to date
Three-year contract with leading global relocation and specialised logistics solutions provider will include maiden deployment of facial recognition software and mobile solution
ClearStar (AIM: CLST), the technology and service provider to the background check industry, is pleased to announce that it has been awarded a contract by a leading provider of global relocation and specialised logistics solutions for residential and corporate customers, which is headquartered in the US. The background screening solution will include the maiden deployment of the Company's facial recognition software to expedite the recruitment process. The three-year contract, which has an estimated value of $500,000 per year with revenue recognition to commence in H2 2016, represents the Company's largest Direct Services contract to date.
Under the terms of the agreement, ClearStar will provide a customised version of its Applicant Portal for conducting background checks on drivers, sales associates, estimators, packers and casual workers that are recruited by the customer's global network of van operators and independent agents. ClearStar will also host a web-based device agnostic solution with a responsive design aimed at being used on a smartphone or other mobile device for remote hiring, including an electronic driver address book to communicate with eligible casual workers about future work assignments.
The mobile device solution is being deployed to assist van operators and agents to quickly screen a casual worker either in the field or at an agent's office. It includes functionality to authenticate the applicant through facial recognition software as well as validate a government ID (such as a driver's license, state ID, passport or visa). The applicant's contact information is then uploaded to an electronic address book easily accessible on the van operator's smartphone or tablet for future work assignments. This next generation technology will increase the speed and efficiency of the recruitment process, whilst enhancing the applicant screening experience, which is particularly beneficial when large numbers of temporary workers are employed on a sustained basis.
Robert Vale, CEO of ClearStar, said: "We are delighted to have been awarded this contract, which is our largest Direct Services agreement to date and will involve the first deployment of our leading-edge facial recognition software and new solution for providing remote authentication via a mobile device. In addition, our appointment by a world-renowned, leading operator further demonstrates the strength of our offer. We are particularly excited about the deployment of our new facial recognition and electronic address book technology, which will facilitate the recruitment of a temporary workforce - and for which we expect to receive demand from other industries going forward."
Enquiries
ClearStar, Inc. | |
Robert J. Vale, Chief Executive Officer David Pattillo, Chief Financial Officer | +1 770 416 1900 |
Cenkos Securities plc | |
Max Hartley, Mark Connelly - Corporate Finance Julian Morse - Sales | +44 20 7397 8900 |
Luther Pendragon Ltd | |
Harry Chathli, Claire Norbury, Oli Hibberd | +44 20 7618 9100 |
About ClearStar
ClearStar, Inc. is a leading and trusted background check technology, strategic services, and decision-making information provider to employers and background screening companies.
A seven-time Inc. 5000 honouree and founding member of the National Association of Professional Background Screeners, ClearStar has provided innovative technology solutions to businesses in the human capital management industry from its corporate offices in Alpharetta, Georgia since 1995. For more information about ClearStar, please visit: www.clearstar.net.
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