Crimson Tide PLC Master Service Agreement with Compass Group (7429U)
December 07 2021 - 1:59AM
UK Regulatory
TIDMTIDE
RNS Number : 7429U
Crimson Tide PLC
07 December 2021
7 December 2021
Crimson Tide
("Crimson Tide" or "The Company")
Master Service Agreement with Compass Group Plc
Crimson Tide Plc (TIDE) ("Crimson Tide" or "The Company"), the
provider of the mpro5 solution, announces that it has entered into
a Master Services Agreement ("MSA") with Compass Group, the leading
Foodservice & Facilities Services company, for its non-UK based
operations; this contract underpins opportunities for future sales
of mpro5 to Compass Group's operations across 45 countries in over
55,000 locations.
Pursuant to the MSA the Company is pleased to announce its first
contract with Compass Group's Danish operations. Following an
initial pilot project this deployment reflects an expanded number
of users and wider use of mpro5 to include Compass' first IoT
enabled sites. The Company will be deploying a cognitive cleaning
operation for Compass' marquee clients. As a result, washroom and
meeting room cleaning will be completed based upon usage as well as
schedules. These reactive services deliver efficiencies to Compass
and a better service to their end client.
Barrie Whipp, Chairman said:
"We have proved the value of mpro5 with Compass Group in the UK
over a number of years. This Master Service Agreement allows other
Compass locations to easily add mpro5 to their operations to enjoy
the great benefits in food safety and compliance that our solution
affords. Customer engagement to date suggests that in the short to
medium term deployments in EMEA and APAC are the most likely though
clearly this new agreement represents an excellent development of
the Company's relationship with Compass. We look forward to
announcing further contracts with Compass locations soon."
For further information:
Crimson Tide plc
Barrie Whipp / Luke Jeffrey +441892 542 444
finnCap (Nominated Adviser and Broker)
Corporate Finance: Julian Blunt / James Thompson +44 20 7220
0500
Corporate Broking: Andrew Burdis +44 20 7220 0500
Alma PR (Financial PR)
Josh Royston +44 7780 901979
For further information on Crimson Tide plc, see the website at:
www.crimsontide.co.uk/
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END
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