MICROLISE GROUP PLC

Business and Financial Review • Sep 23, 2024

National Storage Mechanism | Additional information

RNS Number : 1350F

Microlise Group PLC

23 September 2024

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.

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