Checkit PLC Product Update (2824F)
15 Julio 2021 - 1:00AM
UK Regulatory
TIDMCKT
RNS Number : 2824F
Checkit PLC
15 July 2021
15 July 2021
Checkit plc
("Checkit" or the "Group")
Product Update
Checkit announces that the following product update will be
provided during its Capital Markets Day to be held today between
10:00 am and 1:00 pm. Other than the information given below, no
new material or price sensitive information will be released at the
event.
The Group is pleased to announce a suite of additions which will
transform the intelligent operations of the Checkit platform. The
Directors believe that the new capabilities will further
differentiate the Group's offering from its competitors and will be
of interest to its target market of large multinational and complex
organisations in the food retail, franchise, facilities management
and healthcare sectors.
The Checkit platform is being upgraded with three important new
capabilities:
The Shared Workflow Libraries feature enables organisations to
build, share and easily update workflow templates. For example,
this feature will allow distributed franchised operations such as
quick-service restaurants and convenience stores ensure consistent
best practice, quality, compliance and safety standards are being
maintained across all locations, whether customer owned or not.
Users will be able to build agility into their operating models and
assurance that their brand standards and guidelines are met, which
in turn will positively impact customer experience and brand
image..
Job Sharing functionality allows multiple staff to collaborate
on a single activity. As a result the platform has become more
agile and will enhance the productivity of remote workforces.
Collaborations are linked in real-time for users whilst they are
online and also enables them to catch up with offline working as
required. The Group expects Job Sharing to be of particular
interest to the facilities management and healthcare sectors yet
also offers an upselling opportunity for the Group's existing
customers.
The Event-Driven Actions feature enables users of Checkit's
monitoring technology to feed sensor alerts from equipment or
buildings directly into a corrective workflow for rapid remediation
and action by frontline employees. Again, this innovation
represents an upsell opportunity for the Group's existing customer
base, as well as establishing a highly differentiated proposition
in the internet of things ("IoT") market. Competitive IoT offerings
generally provide sensor alerts but typically do not provide any
guidance for the requisite corrective actions. The Directors
believe that organisations with busy front-line staff increasingly
see this approach as outdated and are looking for guided, managed
and mobile-friendly solutions.
Kit Kyte, Chief Executive Officer, commented: "I should like to
congratulate our technical team for designing and delivering these
important features and look forward to the further product
innovations planned. It is part of our value proposition for
customers that the platform is constantly being enhanced. These new
features improve the functionality of the platform and further
enhance the experience of the deskless worker . We plan to increase
our commitment to product development now that Checkit's
proposition has been validated as a result of its adoption by both
large scale national and multinational organisations. We are
excited by the opportunity to deliver our digital capabilities in
the US, UK and worldwide to deskless workforces which have been
historically under-served by SaaS (Software-as-a-Service)
providers."
About Checkit
Checkit is the digital assistant for deskless workforces,
enabling operational agility and intelligent decision-making in
large multinational and complex national organisations. The
solution offers optional plugins for sensor networks and smart
building management.
The Checkit Connect platform prompts, guides, tracks and
analyses frontline activities through digital workflows. Real-time
data is captured from multiple workplaces. The platform empowers
leaders to understand and improve processes, enhancing innovation,
productivity, efficiency, energy usage, waste reduction, customer
experience, safety and compliance.
Checkit provides intelligent operations tools to the retail,
franchise, healthcare, life sciences, facilities management,
catering, manufacturing, hospitality and commercial property
sectors.
Checkit's customers include the NHS, bp, Waitrose, Sodexo and
Center Parcs. The Checkit platform generates around 11bn data
points per year from sensors and digital workflows.
Checkit is headquartered in Cambridge UK, with its operations
centre in Fleet, UK, and US office in Florida. The company has over
170 employees.
Enquiries:
Checkit plc +44 (0)1223 643313
www.checkit.net
Kit Kyte (Chief Executive Officer)
Aylsa Muir (Chief Financial Officer)
Yellowstone Advisory (Investor Relations) +44 (0) 7710 164 120
Alex Schlich / Kate Divito
Singer Capital Markets (Nominated Adviser
& Broker) +44 (0) 20 7496 3000
Shaun Dobson / George Tzimas (Corporate
Finance)
Rachel Hayes (Corporate Broking)
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END
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