Crimson Tide PLC - Contract Win
RNS Number : 3860V
Crimson Tide PLC
05 April 2023
This announcement contains Inside Information
5 Apr 2023
Crimson Tide plc
("Crimson Tide" or "the Company")
Contract win with NHS Trust
Crimson Tide plc (TIDE), the provider of the mpro5 Smart App Solution, is pleased to announce a contract win
with an NHS trust in the South East of England with a scalable upside opportunity.
The initial contract value is c£250k over its initial 36-month term; however, the project is anticipated to increase
in size and contracted revenue later in the year.
mpro5 will help the Trust understand the current condition and level of statutory compliance of each space in
its facilities, supplemented by data captured on our mobile app from a wide range of incidents with associated
rectification and response times. Our smart app solution will enable different departmental datasets to be
consolidated and enable aggregated compliance processes to be completed on smartphones and tablets.
mpro5's KPI dashboards will display calculations of actions to costs and highlight efficiencies and remedial
actions for the first time in a consolidated manner. Data integrity is critical, and the mpro5 infrastructure in
Microsoft Azure will ensure accurate current and historical data with industry-leading security and uptime.
The Company anticipates adding its Internet of Things ("IoT") module later this year, projecting the installation
of over 1,000 sensors to enable sensor-driven actions, one of mpro5's key differentiators.
Barrie Whipp, Chairman, commented: "To be able to deploy mpro5's full functionality across an entire NHS
Trust is a validation of our mobile web and reporting functionality and displays our ability to help flexibly
improve compliance and efficiency. Micro reporting on space compliance and costs will lead to a greater
understanding of how NHS Trusts can improve their operational effectiveness. The anticipated addition of our
IoT module later in the year will enable sensor-driven actions to improve efficiency further, as well as reduce
costs and should appeal to other trusts - we see this first installation as a flagship site."
For further information, please contact:
Crimson Tide plc
Barrie Whipp / Jacqueline Daniell / Peter Hurter
+441892542444
finnCap (Nominated adviser and Broker)
Corporate Finance: Julian Blunt / Milesh Hindocha
Corporate Broking: Andrew Burdis
+44 20 7220 0500
+44 20 7220 0500
Alma PR - (Financial PR)
Josh Royston / Will Ellis Hancock
+44 7780 901 979
Crimson Tide provides mpro5, the Smart App Solution. For further information, see mpro5.com and on Crimson
Tide plc, crimsontide.co.uk
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of
this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy
Policy.
END
CNTUPUCGCUPWGMC
Share your feedback
Discover