23
September 2024
Microlise Group
plc
("Microlise", the "Company" or the "Group")
JCB
Contract
Major OEM 5-year contract
renewal
Microlise Group plc (AIM: SAAS), a
leading provider of SaaS based transport technology solutions to
fleet operators, is pleased to announce that the Company has
entered into a 5-year contract renewal with J.C. Bamford Excavators
Limited ("JCB"), the global manufacturer of construction equipment,
which will cover recurring SaaS software licences and hardware
sales until September 2029.
This renewal will see Microlise
continue to provide JCB with its advanced, white-labelled
Industrial Internet of Things (IIoT) platform. This platform, fully
integrated within JCB's machinery, enhances connectivity and
diagnostic capabilities, supporting JCB's strategic initiatives in
delivering smarter, more efficient construction
equipment.
Microlise's IIoT platform enables
real-time world-wide monitoring and diagnostics of JCB's machinery,
facilitating predictive maintenance and reducing operational
downtime. Microlise's platform enables JCB's customers to optimise
equipment performance, thereby improving productivity and reducing
total cost of ownership.
This renewed collaboration builds
upon a successful 14-year relationship between the two companies.
As JCB seeks to expand its market presence, particularly in the
United States, Microlise's platform will be key in meeting the
increasing demand for connected, intelligent machinery.
Nadeem Raza, CEO of Microlise, commented:
"The renewal of our long-standing
partnership is testament to JCB's dedication to the innovation of
their own machinery and services, as part of their own global
growth strategy. I am very proud of everything both teams have
achieved over the last 14 years and look forward to our shared
growth over the next 5 years."
For
further information, please contact:
|
Microlise Group plc
Nadeem Raza, CEO
Nick Wightman,
CFO
|
C/O SEC Newgate
|
|
Singer Capital Markets (Nominated Adviser &
Broker)
Steve Pearce / James Moat / Sam
Butcher
|
Tel: 020 7496 3000
|
|
SEC
Newgate (Financial PR)
Bob Huxford / Molly Gretton / Harry
Handyside
|
Tel: 020 3757 6880
Email: microlise@secnewgate.co.uk
|
About Microlise
Microlise Group Plc is a leading
provider of transport management software to fleet operators
helping them to improve efficiency, safety, and reduce emissions.
These improvements are delivered through reduced fuel use, reduced
mileage travelled, improved driver performance, fewer accidents,
elimination of paperwork and delivery of an enhanced customer
experience.
Established in 1982, Microlise is an
award-winning business with over 400 enterprise clients. With 463
employees based at the Group's headquarters in Nottingham in the
UK, the Company also has offices in France, Australia, and India,
with a total global staff base of over 750.
Microlise is listed on the AIM market
of the London Stock Exchange (AIM: SAAS) and qualifies for the
London Stock Exchange's Green Economy Mark.