Parity Regulatory News (PTY)

1 February 2021

Parity Group plc 

("Parity" or the "Group")

Parity wins contract with the Scottish Government R100 programme

Parity (AIM:PTY), the data and technology focussed professional services company, today announces the award of a three year contract with the Scottish Government. Parity has been appointed as its Digital Technology Resources partner to support the delivery of the Reaching 100% (R100) superfast broadband infrastructure programme.

R100 builds on the Scottish Government's clear commitment that every home and business across Scotland should be able to access superfast broadband following achievement of its previous target to ensure availability of fibre broadband access to at least 95% of Scottish premises as part of the Digital Superfast Scotland Broadband (DSSB) programme, to which Parity also provided digital services.

Under this new contract Parity, which brings 45 years of data and technology experience and skills, will provide a managed service supplying Digital Technology skills for the R100 programme's Project Management Office and Deployment Management function to ensure quick and efficient build-out of the superfast broadband infrastructure.

The award represents a total opportunity of up to £5.0m over the next three to six years for Parity strengthening the Group's order book and providing further visibility to underpin its current expectations for Group performance over the period.

Matthew Bayfield, CEO, commented:

"I am delighted to announce that the Scottish Government has appointed Parity as Digital Technology Service partner for its R100 programme, which builds upon our successful work with them in the past, including on the Digital Scotland Superfast Broadband contracts (DSSB programme). This contract win is testament to our deep expertise and experience in this area and our ability to flexibly address the challenges facing major institutions as they undergo digital transformations, providing us with further confidence in our strategic focus and vision for the company.

--ENDS-