Last checked at 18 Oct 2017 07:00
18 October 2017
Ubisense Group PLC
("Ubisense" or "the Company")
Significant contract extension
Ubisense (LON:UBI), a market leader in enterprise location intelligence solutions, is pleased to announce a new contract win in Europe for its RTLS SmartSpace division. The contract, valued at over £1m, is with a premium automotive manufacturer located in Germany for the company's well established real time location products.
This new order will significantly expand Ubisense's deployment of its solution at an existing manufacturing location, doubling the scale of the deployment to become one of the largest in the world for Ubisense solutions.
This win provides another solid contribution to the revenues generated from Ubisense's own products underpinning the board's expectations for the business.
Richard Petti, CEO of Ubisense, commented:
"We are delighted to be further supporting this renowned customer in strengthening the productivity and quality of its assembly operations. This extension demonstrates the continued market-leading levels of quality and user satisfaction our customers enjoy with Ubisense."
For further information contact:
Ubisense Group plc +44 (0)1223 535170
Richard Petti
Tim Gingell
Numis Securities Limited +44 (0)20 7260 1000
Jamie Lillywhite (Corporate Finance)
Toby Adcock (Corporate Broking)
Redleaf Communications +44 (0)20 7382 4730
David Ison
Elisabeth Cowell
About Ubisense
Ubisense (AIM: UBI), is a global leader in Enterprise Location Intelligence Solutions, proven to drive quality, reduce costs, manage complexity and increase productivity for its customers across the world. Central to its offering are two powerful IIoT software platforms that can take data from any source to provide visibility of customers' operations. Offering in-depth knowledge of the sectors in which it operates across the world, Ubisense has long standing relationships with many customers across target markets including automotive, aerospace, logistics, communications and utilities. Founded in 2002, Ubisense is headquartered in Cambridge, England, with operations in North America, Germany, France and Japan. www.ubisense.net