ClearStar,Inc. Largest Direct Services contract win to date (2273G)
November 19 2015 - 2:00AM
UK Regulatory
TIDMCLST TIDMCLSU
RNS Number : 2273G
ClearStar,Inc.
19 November 2015
19 November 2015
ClearStar, Inc.
("ClearStar" or the "Company")
ClearStar wins largest Direct Services contract to date
Three-year contract with leading global relocation and
specialised logistics solutions provider will include maiden
deployment of facial recognition software and mobile solution
ClearStar (AIM: CLST), the technology and service provider to
the background check industry, is pleased to announce that it has
been awarded a contract by a leading provider of global relocation
and specialised logistics solutions for residential and corporate
customers, which is headquartered in the US. The background
screening solution will include the maiden deployment of the
Company's facial recognition software to expedite the recruitment
process. The three-year contract, which has an estimated value of
$500,000 per year with revenue recognition to commence in H2 2016,
represents the Company's largest Direct Services contract to
date.
Under the terms of the agreement, ClearStar will provide a
customised version of its Applicant Portal for conducting
background checks on drivers, sales associates, estimators, packers
and casual workers that are recruited by the customer's global
network of van operators and independent agents. ClearStar will
also host a web-based device agnostic solution with a responsive
design aimed at being used on a smartphone or other mobile device
for remote hiring, including an electronic driver address book to
communicate with eligible casual workers about future work
assignments.
The mobile device solution is being deployed to assist van
operators and agents to quickly screen a casual worker either in
the field or at an agent's office. It includes functionality to
authenticate the applicant through facial recognition software as
well as validate a government ID (such as a driver's license, state
ID, passport or visa). The applicant's contact information is then
uploaded to an electronic address book easily accessible on the van
operator's smartphone or tablet for future work assignments. This
next generation technology will increase the speed and efficiency
of the recruitment process, whilst enhancing the applicant
screening experience, which is particularly beneficial when large
numbers of temporary workers are employed on a sustained basis.
Robert Vale, CEO of ClearStar, said: "We are delighted to have
been awarded this contract, which is our largest Direct Services
agreement to date and will involve the first deployment of our
leading-edge facial recognition software and new solution for
providing remote authentication via a mobile device. In addition,
our appointment by a world-renowned, leading operator further
demonstrates the strength of our offer. We are particularly excited
about the deployment of our new facial recognition and electronic
address book technology, which will facilitate the recruitment of a
temporary workforce - and for which we expect to receive demand
from other industries going forward."
Enquiries
ClearStar, Inc.
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Robert J. Vale, Chief Executive
Officer
David Pattillo, Chief Financial
Officer +1 770 416 1900
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Cenkos Securities plc
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Max Hartley, Mark Connelly
- Corporate Finance
Julian Morse - Sales +44 20 7397 8900
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Luther Pendragon Ltd
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Harry Chathli, Claire Norbury,
Oli Hibberd +44 20 7618 9100
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About ClearStar
ClearStar, Inc. is a leading and trusted background check
technology, strategic services, and decision-making information
provider to employers and background screening companies.
A seven-time Inc. 5000 honouree and founding member of the
National Association of Professional Background Screeners,
ClearStar has provided innovative technology solutions to
businesses in the human capital management industry from its
corporate offices in Alpharetta, Georgia since 1995. For more
information about ClearStar, please visit: www.clearstar.net.
This information is provided by RNS
The company news service from the London Stock Exchange
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