Rosslyn Data Technologies PLC Launch of CustomsCloudTM product (2431J)
December 21 2020 - 2:00AM
UK Regulatory
TIDMRDT
RNS Number : 2431J
Rosslyn Data Technologies PLC
21 December 2020
21 December 2020
Rosslyn Data Technologies plc
("RDT" the "Group")
Launch of CustomsCloud(TM) product
Rosslyn Data Technologies plc (AIM: RDT), a leading global big
data technology company, is delighted to announce the release of
its Customs Cloud(TM) software solution.
The cloud-based self-service solution is designed to enable
importers to overcome the additional customs procedures resulting
from the UK's departure from the European Union. CustomsCloud (TM)
enables Rosslyn clients to register with HMRC and to file all
import declarations, either individually or in bulk, calculate the
VAT and duty owed on any imports and to report this information
direct to HMRC for future payments. CustomsCloud (TM) automates the
process, saving time for clients and also provides certainty by
reducing the risk of unknown future charges being payable on the
client's imports. This launch is in line with management's
expectations and is further evidence of the added value that
Rosslyn is offering its clients.
Following the end of the Brexit transition period, it is
estimated that over 200,000 UK businesses that import from the EU
will need to start completing customs declarations for the first
time. Many businesses are applying for government grants, which
provide funding for investment into IT projects for customs
declarations, such as CustomsCloud (TM) . (1)
Rosslyn Chief Executive Officer, Roger Bullen said ;
"Following our acquisition of Langdon Systems last year, this is
the first of the Langdon solutions which is 100% cloud-based. With
the impact of Brexit being felt by every business, large or small,
trading with the EU, our solution enables our clients to manage the
situation cleanly, efficiently and inexpensively."
(1) https://www.gov.uk/guidance/grants-for-businesses-that-complete-customs-declarations
+44(0)77 7162
3345
Rosslyn Data Technologies Roger Bullen, Chief Executive +44(0)20 3285
plc Officer 8008
Ash Mehta, Chief Financial +44(0) 20 3051
Officer 7798
Cenkos Securities,
Nominated Adviser, +44(0)20 7397
Broker Stephen Keys/Giles Balleny 8924
Notes to Editors
Rosslyn Data Technologies plc, (AIM: RDT) is a leading provider
of a cloud-based big-data analytics platform. The company provides
analytical services by combining four key technologies: bulk data
extraction; cleansing; enrichment; and visualisation, through a
single cloud platform enabling users with detailed data to make
more informed decisions. Rosslyn's RAPid platform is the Group's
primary product available to its multinational customers.
Further information can also be found on the Company's website
at: www.rosslyndatatech.com
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