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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