Checkit Signs Contact With BP to Rollout Platform to More Forecourts
October 28 2021 - 4:35AM
Dow Jones News
By Joe Hoppe
Checkit PLC said Thursday that it has signed a new contract with
BP PLC to rollout its Checkit platform to more forecourts in
Australia and New Zealand, though it didn't provide the value of
the contract.
The U.K.-based digital solutions provider said that
installations for the 441 selected forecourts will begin in early
2022 and will double the size of its footprint with BP in terms of
number of locations and contracted annual recurring revenue.
The platform replaces paper processes with a mobile app, which
prompts and guides the activities of store assistants, provides
managers with real-time oversight, and includes automated
monitoring of food using sensors and probes to improve safety and
reduce waste.
The company said that the contract underpins its confidence in
its performance in coming financial years and discussions are
underway over rolling out the platform to further BP locations in
more regions and dealer-owned estates.
The platform has already been used at more than 400 BP-owned
forecourts in the U.K., Netherlands and Luxembourg for more than a
year and a half.
Shares at 0801 GMT were up 2.5 pence, or 5.3%, at 50.0
pence.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
October 28, 2021 04:20 ET (08:20 GMT)
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