Shearwater Group PLC Contract Win (6830K)
January 06 2021 - 2:00AM
UK Regulatory
TIDMSWG
RNS Number : 6830K
Shearwater Group PLC
06 January 2021
6 January 2021
SHEARWATER GROUP PLC
("Shearwater", or the "Group")
Contract Win
Brookcourt Solutions signs five year supply agreement with
global retailer
Shearwater Group plc, the organisational resilience group,
announces that its group company, Brookcourt Solutions Limited
("Brookcourt"), has secured a five-year supply agreement with a
global fashion retailer, headquartered in New York.
The first contract to be delivered under the supply agreement
encompasses the delivery of a secure ID-authenticated printing
solution as well as a 12-month maintenance and service contract,
for use within ten European countries across 17 sites. The value of
the first contract is GBP860 ,000, of which the majority is
expected to be recognised in the current full year. This contract
win underpins the Group's current full year forecasts, with the
supply agreement having the potential to deliver further revenue
opportunities in future years.
Brookcourt presented a secure ID-authenticated printing solution
that was selected by the client due to its superior technology and
enhanced security features, safeguarding important documentation
which is never left unattended but can be printed securely when
required. This solution ensures that the global retailer is
protected by very high security standards, whilst the
implementation of the new technology will also result in improved
efficiencies and cost savings for the client.
Phil Higgins, Group Chief Executive Officer of Shearwater,
commented:
"We are pleased to have secured this contract win with a
successful global retailer. Our new client appreciates the
importance of maintaining vigorous security standards in order to
protect its business.
The supply agreement demonstrates Brookcourt's ability to
leverage its deep understanding of best-in-class technologies in
order to deploy robust, effective and cost-efficient solutions for
complex businesses such as this which span numerous markets."
Enquiries:
Shearwater Group plc www.shearwatergroup.com
David Williams c/o Alma PR
Phil Higgins
Cenkos Securities plc - NOMAD and
Joint Broker
Max Hartley / Ben Jeynes - NOMAD
Julian Morse / Michael Johnson
- Sales +44 (0) 20 7397 8900
Berenberg - Joint Broker
Matthew Armitt / Mark Whitmore +44 (0) 20 3207 7800
Alma PR shearwater@almapr.co.uk
Susie Hudson / Caroline Forde / +44 (0) 20 3405 0205
Harriet Jackson
About Shearwater Group plc
Shearwater Group plc is an award-winning organisational
resilience group that provides cybersecurity, advisory and managed
security services to help assure and secure businesses in a
connected global economy.
The Group's comprehensive cybersecurity solutions and services
maintain trust between users, assure the protection of information
assets and critical infrastructure, and support organisations'
operational effectiveness. Its capabilities include identity and
access management and data security, cybersecurity solutions and
managed security services, and security governance, risk and
compliance.
The Group is headquartered in the UK, serving customers across
the globe who are active in a broad spectrum of industries.
Shearwater shares are listed on the London Stock Exchange's AIM
under the ticker "SWG". For more information, please visit
www.shearwatergroup.com.
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END
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