RMG Signs $530,000 Contract to Expand Its Interactive Digital Signage Solution with an Existing Customer in the Middle East
July 06 2017 - 7:30AM
RMG Networks Holding Corporation (NASDAQ:RMGN), or RMG, a global
leader in technology-driven visual communications, recently
received an additional contract with an existing customer in the
Middle East to expand RMG’s interactive digital signage solution
into two of the customer’s new facilities.
The contract, valued at approximately $530,000, further expands
RMG’s footprint across the customer’s large network and represents
a major advancement in the region for RMG. The implementation
allows the customer to improve its visitor experience with
wayfinding and interactive kiosks and to provide corporate
communications messaging to all buildings from a central
location.
After the proven success of RMG’s initial solution
implementation in 2016, the customer contracted with RMG to more
than double RMG’s footprint in the customer’s network. The rollout,
currently underway and slated for completion in August, includes
the installation of more than 230 digital signage screens,
interactive kiosks and meeting room booking displays throughout the
new facilities. There is potential for additional expansion
opportunities as the customer continues to look for ways to add
interactive digital experiences to its facilities.
“The success of our initial implementation, which has resulted
in an improved visitor experience at our customer’s facilities,
drove the current expansion opportunity,” said Robert Michelson,
President and Chief Executive Officer of RMG. “RMG maintains an
exceptional customer base, including approximately half of the
Fortune 500. This presents a powerful opportunity, as we leverage
our successes with existing customers and develop innovative
solutions to expand our relationships, as we did with this
customer. We look forward to developing further expansion
opportunities, including leveraging our MAX LED solution, in our
customer’s network and across the Middle East market.”
© 2017 RMG Networks Holding Corporation. RMG,
RMG Networks and its logo are trademarks and/or service marks of
RMG Networks Holding Corporation.
About RMG
RMG (NASDAQ:RMGN) goes beyond traditional communications to help
businesses increase productivity, efficiency and engagement through
digital messaging. By combining best-in-class software, hardware,
business applications and services, RMG offers a single point of
accountability for integrated data visualization and real-time
performance management. The company is headquartered in Dallas,
Texas, with additional offices in the United Kingdom and the United
Arab Emirates. For more information, visit www.rmgnetworks.com.
Cautionary Note Regarding Forward-Looking
Statements
Except for historical information contained herein, the matters
set forth in this release are "forward-looking statements" within
the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements can be identified by words such as: "develop,"
"position," "anticipate," "intend," "plan," "goal," "seek,"
"believe," "project," "estimate," "expect," "strategy," "future,"
"likely," "may," "should," "will" and similar references to future
periods. Examples of forward-looking statements include, among
others, statements we make regarding our success in selling and
implementing projects such as the one described above, the
customer’s potential to implement RMG solutions at other sites,
expected future operating results, such as generating product
revenue therefrom, developing new technology or solutions, our
ability to win new customers and our ability to appeal to new
market segments. The forward-looking statements set forth above
involve a number of risks and uncertainties that could cause actual
results to differ materially from any such statement, including the
risks and uncertainties discussed in the company's Safe Harbor
Compliance Statement for Forward-Looking Statements included in the
company's recent filings, including Forms 10-K and 10-Q, with the
Securities and Exchange Commission. The forward-looking statements
speak only as of the date made, and the company undertakes no
obligation to update these forward-looking statements.
Contact:
Investor
Brett Maas/Rob Fink
646-536-7331/646-415-8972
ir@rmgnetworks.com
or
Media
Gloria Lee
972-744-3958
gloria.lee@rmgnetworks.com
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