Big Sofa Technologies Group PLC Service agreement from a global technology company (6030F)
16 Julio 2019 - 1:00AM
UK Regulatory
TIDMBST
RNS Number : 6030F
Big Sofa Technologies Group PLC
16 July 2019
16 July 2019
Big Sofa Technologies Group plc
("Big Sofa Technologies" or the "Company")
Service agreement and revenue acquisition from a second global
technology company in 4 months
Big Sofa Technologies (AIM:BST) announces a further service
agreement with a global technology company based on the West Coast
of the US for its proprietary, video-based collaboration system,
along with an initial commission under that service agreement.
This service agreement is the second such agreement with a US
based global technology company in the past 4 months, the first
having been announced in March 2019. Both companies have now
commissioned introductory projects under their respective service
agreements, with an overall initial aggregate value of over $100k.
These commissions mark further progress against the Company's
objective of extending beyond retail and consumer packaged goods
into the technology and digital sectors.
Kirsty Fuller, Chief Executive Officer of Big Sofa Technologies,
commented:
"In the Final Results Announcement from March 2019, I outlined
the three pillars to Big Sofa Technologies' strategic roadmap:
integration with key Ipsos service lines and technologies, Visual
Insight System delivery to end clients and automated data
extraction for large data companies.
Securing two new Master Service Agreements and revenue in the
technology space signals progress against the second pillar. Our
Visual Insight System is a dynamic platform for knowledge sharing,
video data re-mining, collaboration and connection. It is our core
direct-to-client product offering. Service Agreements with leading
global tech companies are a validation of our own market-leading
technology and strengthen our foundation for H2 growth."
Enquiries:
Big Sofa Technologies Group plc
Kirsty Fuller, CEO
Joe MacCarthy, CFO
Arden Partners plc (Nominated Adviser
and Joint Broker) +44 (0)20 7614 5900
Paul Shackleton / Ben Cryer
Aimee Kerslake (Equity Sales)
Novum Securities (Joint Broker) +44 (0)20 7399 9427
Colin Rowbury
About Big Sofa Technologies Group plc
Big Sofa Technologies is an insight-led technology company. The
design and development of our technology has been guided by expert
understanding of the insight and analytics industries and the
needs, pressures and business questions of the clients they
serve.
We uncover and analyse new-to-the-industry behavioural data sets
in video, enabled by the power of our pioneering data capture and
platform technology. We are innovating both in how video-led
projects and programmes are designed and in how the data is
analysed, showcased, embedded and re-mined.
Our software platform collates, analyses and organises large
volumes of raw/unstructured video enabling our clients, which
include leading market research and data companies and major
household brands, to perform detailed and sophisticated consumer
insight analysis and make genuine use of video content.
Big Sofa Technologies' shares are admitted to trading on the
London Stock Exchange's AIM market under the ticker BST.L.
To find out more, visit www.bigsofatech.com
Follow us on twitter at @bigsofatech
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END
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