Crimson Tide Regulatory News (TIDE)

Crimson Tide Plc

Contract Wins

Crimson Tide Plc (TIDE) is pleased to announce contract wins approaching £0.5m which demonstrate the appeal of mpro5 across sectors and the growing traction of its Internet of Things (IoT) capabilities.

Cadent, providers of the UK gas network and employing over 4000 staff, have invested in mpro5 within two of their four UK regions for the purpose of re-instatement works across the 82,000 miles of gas pipeline they manage.

The mpro5 platform has been deeply integrated with Cadent's SAP installation, allowing for real-time scheduling of remedial works to its multi-disciplinary re-instatement teams. The real-time data provided by mpro5 is already being used to ensure compliance with Local Authority guidelines and the Company is hopeful of a wider roll-out across all regions, and additional departments in due course.

Incentive QAS, the contract cleaning arm of Incentive FM - employing some 800 staff across the UK, have invested in mpro5 for the purposes of IoT-driven cleaning compliance at London's Citypoint skyscraper.

Using mpro5's proprietary IoT platform, areas throughout Citypoint are reporting real-time occupancy and usage data, allowing for automated scheduling of cleaning services based on demand rather than a schedule, driving a significant and immediate return on investment for the client.

Barrie Whipp, Chairman, commented: "Cadent is a very prestigious contract win for the Company and we are delighted with the integration with SAP, which opens up further possibilities with this global software supplier. Our Internet of Things offering is quite exciting in the way that it automatically schedules jobs and tasks for mpro5 users to complete. We are very pleased that Incentive has taken its first steps with the platform and we have other pilots in train for IoT which give us optimism for its wider adoption."

For further information:

Crimson Tide plc

Barrie Whipp / Luke Jeffrey 01892 542 444

finnCap (Nominated Adviser and Broker)

Corporate Finance: Julian Blunt / James Thompson +44 20 7220 0500

Corporate Broking: Andrew Burdis +44 20 7220 0500

Alma PR (Financial PR)

Josh Royston +44 7780 901979

For further information on Crimson Tide plc, see the website at: www.crimsontide.co.uk/