Crimson Tide Plc enters into a long-term contract for its mpro5 solution

  • Dec 23, 2019 GMT
  • Team Kalkine
  • Crimson Tide Plc (LON: TIDE) has entered into a significant long-term contract with one of the country's leading supermarkets for its mpro5 solution.
  • The contract is for an enhanced rollout of mpro5 including safety and legal compliance and is provided on software only basis.
  • It will replace an earlier contract and reduce support costs and capital requirements to fund expensive, rugged PDAs, resulting in higher margins. The contracted revenue is for at least £2 million over the 5-year (60-month) term.
  • On 23rd December 2019, at the time of writing, GMT 08:02 AM, TIDE shares were trading at GBX 2.40, down by 0.20 points or 9.09% against the previous day closing price.

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