Last checked at 11 Jan 2022 07:00
11 January 2022
Vianet Group plc
("Vianet" or the "Group")
Contract Announcement
Vianet Group plc (AIM: VNET), the international provider of internet-enabled, cloud-based, telemetric and data services to the hospitality, unattended retail vending, and remote asset management sectors, is pleased to announce a significant new contract for its fast-growing Smart Machines Division.
Following a rigorous tender process, Lavazza Professional UK Limited has awarded Vianet a three-year contract to provide contactless payment, telemetry, and data services across their unattended retail estate. Vianet's leading end-to-end solution, including real-time monitoring, business intelligence, and contactless payment, will allow Lavazza Professional UK to maximise operational efficiency, stock control, and cash flow whilst reducing the estate's carbon footprint.
Whilst not having a material impact on the current financial year, this is a financially significant new three-year contract for Vianet. It includes a commitment to provide Vianet's services to 3,000 units in Lavazza Professional UK's managed estate and gives Vianet preferred supplier access to a further 10,000 machines in Lavazza Professional UK's direct estate providing coffee solutions to vending operators and end-users.
Commenting on the contract announcement, James Dickson, Chair and CEO said:
"I'm delighted that we have secured this long-term contract with Lavazza Professional UK, who, following a rigorous process, clearly understand the significant brand and financial benefit to be derived from rolling out SmartVend, our leading end to end solution.
"Over the past 18 months, we have made significant investments in our product and people, laying a strong foundation to address our exciting growth opportunities, which has resulted in a strong sales pipeline for the division."
Commenting on the contract announcement, David Harrison, National Sales Director, Lavazza Professional UK, said:
"Delivering a quality coffee solution efficiently is vital to our growth plans, and I'm really pleased that we have chosen to partner with Vianet, who have the product, people and culture to support our growth initiatives."
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Enquiries:
Vianet Group plc | |
James Dickson, Chairman & Interim CEO Mark Foster, CFO | Tel: +44 (0) 1642 358 800 www.vianetplc.com |
Cenkos Securities plc | |
Stephen Keys / Camilla Hume | Tel: +44 (0) 20 7397 8900 |
www.cenkos.com |
Media enquiries:
Yellow Jersey PR | |
Sarah Hollins Henry Wilkinson vianet@yellowjerseypr.com | Tel: +44 (0)7764 947 137 Tel: +44 (0)7951 402 336 www.yellowjerseypr.com |
About Vianet
Vianet Group is a leading provider of actionable management information and business insight created through combining data from our smart Internet of Things ('IOT') solutions and external information sources.
Since Admission to AIM in 2006, the Group has grown from its core beer monitoring business both organically and through strategic acquisitions to widen its offering and develop new businesses, especially in vending telemetry and contactless payment solutions particularly for the premium coffee sector.
Servicing over 300 customers across the world and rendering live data to our IOT platform from over 250,000 connected machines daily, Vianet is one of the largest business to business (b2b) connected solutions providers in Europe with established long-term relationships with blue chip customers and growing recurring revenues which are over 85% of our total revenues.
In our Smart Machines Division, we connect a single data gathering device with its own on-board communication capability to a customer's asset or system. The device then sends data back via our IOT platform to cloud based servers. The technology was originally developed for automated retailing machines; however, the flexibility and functionality of the device means the technology can be applied to practically any machine which has the capability to output data. The device is also used to connect our contactless payment solution and communicate payment terms to our cloud-based payment services providers where that application is also required.
The Smart Zones Division is where we connect multiple data gathering devices into one or more systems or assets with the data from those devices being communicated back to our IOT platform and cloud-based servers via a single 3G communications hub. The technology was originally developed for flow monitoring devices, temperature sensors, and asset management in drinks retailing but practically any data gathering device with a digital output could be connected to the communications hub where required such as gaming machines, utilities management and EPOS.
For further information, please visit www.vianetplc.com