Iqgeo Regulatory News (IQG)

4 February 2013

Tier One customer extends Geospatial Managed Services contract with Ubisense

Cambridge, UK - Ubisense Group plc ("Ubisense" or the "Company") (LSE:UBI), a market leader in location based smart technology, is pleased to announce the renewal of a significant contract with a long-term, Tier One Cable MSO customer in the United States to provide Managed Services. 

The Managed Services program will provide enterprise geospatial network inventory system support, development and management for the national user base. The expertise of the Ubisense team ensures system performance and reliability in order to meet key operational metrics and also that the system features and capabilities continually evolve and improve with the ever-changing business needs.

Richard Green, Ubisense Chief Executive Officer, said the contract renewal is an important win for the Geospatial business and highlighted the sales momentum across the Group early in the new year.

"We saw sales of our MyWorld software product double over the past 12 months in Geospatial and to announce this significant renewal with a Tier One customer is a strong vote of confidence in our Managed Services offering," he said.

Mr Green added that early sales momentum has also continued with RTLS business making its first indoor-outdoor product sale to the largest truck manufacturer in the United States.

Ubisense has been providing critical geospatial system managed services in the North American market for more than 10 years and has developed a Managed Service Program that has been widely adopted by network operators providing telecom, electric and gas distribution services.

Commenting on the renewal, Vice President Americas, Dave Harris, said:

"We are delighted to continue our role as a trusted service provider to this long-time customer. The strength of our team and its expertise in geospatial system managed services is underlined by the repeat business we receive from other Tier One telecom, electric, and gas service providers like this customer."

-Ends-

About Ubisense

Ubisense offers two location-oriented product ranges; RTLS (Real-time Location Solutions) and Geospatial Systems. It operates in a number of industries ranging from manufacturing and utilities to transportation, serving a diverse group of blue chip customers across the world, such as BMW, Daimler, Airbus, Aston Martin, Caterpillar, Swisscom, Duke Energy and Deutsche Telekom

Ubisense provides lean manufacturing Real-Time Location Systems (RTLS) that eliminate waste and drive up quality levels in high volume high value manufacturing industries. The company's solutions provide 3D location visibility and control that enable production and operations managers to deliver rapid returns on investment on business critical processes. Ubisense's continuing rapid growth has been achieved by its experienced teams who customise proprietary hardware and software solutions to meet the diverse needs of its clients around the globe.

For more information visit www.ubisense.net 

Contact

Ubisense Group plc Tel: + 44 (0) 1223 535170

Richard Green

Gordon Campbell

Canaccord Genuity Limited Tel: +44 (0) 20 7523 8000

(NOMAD)

Simon Bridges

Lucy Tilley

FTI Consulting Tel: +44 (0) 20 7831 3113

Jon Snowball

Tracey Bowditch