KLBT.L Regulatory News (KLBT)

24 June 2014

Kalibrate Technologies plc

("Kalibrate" or the "Group")

Trading update

Revenues, EBIDTA and net cash exceed current market expectations

Kalibrate Technologies plc (AIM: KLBT), a provider of proprietary software-based products and services to the global petroleum retail industry, provides the following positive update on trading for the year ending 30 June 2014.

The Group has performed strongly during the period, driven by new and existing customer wins in the second half of the current financial year and the year as a whole, supported by growing recurring revenues. Kalibrate continues to make solid progress against its strategic objectives as set out at the time of the Group's admission to AIM: new geographies have been successfully opened up, the Group has expanded its revenues from its existing client base, enhanced its market leading position with new clients taken on in core markets of North America and Europe, increased the number of clients on a SaaS/Managed Services offering, and the Group is successfully monetising revenue from new products being developed and released to its client base.

The Group expects to deliver revenue for the year slightly in excess of current market expectations as the Group's performance has remained strong throughout the second half.

Underlying EBITDA is expected to be comfortably ahead of current market expectations given the strong revenue performance whilst the Group has continued to focus on careful cost control whilst investing in its strategic growth plans.

The Group's balance sheet remains strong with year-end net cash expected to be approximately $9 million.

Kalibrate will report its full year results for the year ended 30 June 2014 on Tuesday, 9 September 2014.

Commenting on the announcement, Bob Stein, Chief Executive Officer of Kalibrate said:

"Kalibrate has continued its robust performance in the second half of the financial year and has made significant headway to deliver on the strategic objectives set out at the time of its IPO. We have maintained momentum and secured new service contracts to further increase our recurring revenue base and we are confident of continued progress as we enter a new financial year with a healthy pipeline of prospects and a strong balance sheet."

About Kalibrate Technologies plc

Kalibrate is the only global provider of both pricing and retail planning solutions to petroleum retailers worldwide. Based on its proprietary software and underpinned by an extensive library of petroleum market data, Kalibrate's products enable clients to devise new market entry strategies, plan and optimally invest in existing petroleum retail networks, and generate optimal petroleum product prices on a real-time and fully automated basis.