Iqgeo Regulatory News (IQG)

23 April 2013

Ubisense selected by General Electric for $6.8m Location Solutions Contract

Cambridge, UK - Ubisense Group Plc ("Ubisense" or the "Company") (AIM:UBI), a market leader in location-based smart technology, announces that it has been selected by GE (NYSE: GE) to provide location services as part of a major new engagement.

The engagement for an enterprise solution will consolidate several legacy systems and provide critical data and integration for operations including asset management, capacity planning and customer service. This system enables the rationalisation of regional data, applications and processes into a centralised platform that leverages common standards and best practices across the organisation.

The three year, $6.8m agreement represents a significant milestone for the Company and is one of the largest contracts of its kind encompassing data migration, validation, development, roll-out and support services.

Richard Green, CEO of Ubisense said: "We are delighted to have been selected by GE for this strategic engagement which demonstrates the strong momentum in the business and reinforces the importance of the agreement between the two companies."

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About Ubisense

Ubisense is a market leader of location-based smart technology which enables companies to optimise their business processes. By keeping track of key assets, Ubisense solutions bring clarity to complex operations in industries while also improving quality and reliability. Ubisense uses a unique combination of advanced industry knowledge and an experienced team to deliver effective and superior solutions that offer unprecedented visibility, control and accuracy, delivering time and cost savings. Ubisense solutions are easy to implement and flexible to a particular businesses needs, no matter which area of the globe they operate in.

Ubisense offers two location-oriented products; RTLS (Real-time Location Solutions) and Geospatial Systems and operates in a number of industries ranging from manufacturing and utilities to transportation and is used by a number of blue chip customers across the world, such as BMW, Airbus, Aston Martin, Caterpillar and Deutsche Telekom.