Crimson Tide Signs Services Agreement With Compass Group; Shares Rise
December 07 2021 - 4:59AM
Dow Jones News
By Joe Hoppe
Crimson Tide PLC shares rose Tuesday after it said it has
entered a master services agreement with Compass Group PLC for its
mpro5 product.
Shares at 0914 GMT were up 0.35 pence, or 13%, at 3.15
pence.
The mobile-business company said the agreement concerns
Compass's non-U.K. operations, and that its first contract will be
focussed in Denmark. It said the deal underpins opportunities for
mpro5, a digital product which allows businesses to complete jobs
and paperwork out in the field.
"This Master Service Agreement allows other Compass locations to
easily add mpro5 to their operations," Chairman Barrie Whipp
said.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
December 07, 2021 04:44 ET (09:44 GMT)
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