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RNS Number : 2653M

Marula Mining PLC

14 November 2024

 

 

 

 

 

Marula Mining PLC

("Marula'' or the "Company")

 

14 November 2024

 

Aquis Showcase 2024 Winner

 

Marula Mining (AQSE: MARUA2X: MARU) an African focused mining and development company, is pleased to announce that it was selected as the ultimate winner of the Aquis Showcase 2024 event held on 12 November 2024.

 

The Company hosted a presentation amongst two additional other companies and was voted by the audience as the winner of its own group. In total, 13 companies participated in the Aquis Showcase presentations. Marula was then selected as the final winner at the grand final following deliberation between the institutional investor panel.

 

The Directors of Marula are responsible for the contents of this announcement.

 

About Marula Mining

Marula Mining (AQSE: MARU A2X: MARU) is an African focused battery metals investment and exploration company and has interests in several high value mining operations and mine development projects in Africa: the Blesberg Lithium and Tantalum Mine, Northern Cape Lithium and Tungsten Project, Korridor Lithium Project  and Kruisrivier Cobalt Mine, all in South Africa; the Larisoro Manganese Mine and Kilifi Manganese Processing Operation both in Kenya; the Kinusi Copper Mine, the Nyorinyori Graphite Project, the NyoriGreen Graphite Project and the Bagamoyo Graphite Project all in Tanzania and the Nkombwa Hill Project in Zambia. As we advance operations at these battery metals focused projects, Marula will continue to build and expand its interests in other high-quality projects in Africa.

Marula's strategy is to identify and invest in advanced and high-value mining projects throughout East, Central and Southern Africa that the Directors believe would deliver returns for its shareholders. The Board and management team aims to establish Marula as a socially and environmentally responsible, sustainable, and profitable producer of critical metals and commodities that are of increasingly strategic importance to modern technologies and the global economy. Marula's shares are traded on AQUIS Stock Exchange (AQSE) in London and A2X Markets in South Africa. Marula is exploring opportunities to admit its shares to trading on Kenya's Nairobi Securities Exchange and South Africa's Johannesburg Stock Exchange.

 

For enquiries contact:

 

Marula Mining PLC Jason Brewer, Chief Executive Officer   Faith Kinyanjui Mumbi Investor Relations	Email : jason@marulamining.com   Email : info@marulamining.com
Broker Peterhouse Capital Limited, Charles Goodfellow / Duncan Vasey	+44 (0)20 7469 0930
Financial PR and IR BlytheRay Tim Blythe / Megan Ray / Said Izagaren	+44 (0)20 7138 3204
A2X Advisor AcaciaCap Advisors Proprietary Limited Michelle Krastanov	+27 (11) 480 8500

 

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RNS Number : 2697L

Shearwater Group PLC

07 November 2024

 

7 November 2024

Shearwater Group PLC

 

("Shearwater", or the "Group")

 

Contract Win, G-Cloud Supplier Status Approved and Notice of Results

 

Shearwater Group plc, the cybersecurity, advisory, and managed security services group, is pleased to announce that its subsidiary, Brookcourt Solutions ("Brookcourt"), has secured a significant three-year contract with a major British media and telecommunications company. It also announces that it has achieved 'approved supplier' status with the Crown Commercial Service ("CCS"), G-Cloud 14 framework, which all public sector organisations can use to buy cloud-based computing services such as hosting, software and cloud support.

Contract win withBritish Media and Telecoms giant

Brookcourt has secured a significant three-year contract, valued at c.£3.7m. The contract will be recognised in the current financial year and contributes towards the FY25 revenue target.  It includes a comprehensive renewal of endpoint security platforms, along with advanced Data Loss Prevention (DLP) and Identity Protection solutions, reinforcing the client's security posture for years to come.

Approved supplier status with the Crown Commercial Service

Brookcourt's recognition as 'approved supplier' with the CCS is strategically significant and aligns with Shearwater's recent focus on expansion into Government departments.

Brookcourt is now able to provide a broad array of cybersecurity servicesdesigned to address the unique cybersecurity challenges faced by public sector organisations. The portfolio includes solutions enhanced by generative artificial intelligence (AI), providing buyers with powerful tools to streamline operations through automation and technological innovation.

The G-Cloud 14 framework will operate for an initial period of 18 months, extendable up to two years – doubling the term of the previous framework. Contracts awarded through this framework may run for up to four years, allowing Brookcourt to deliver sustained, high-quality cybersecurity solutions to public sector clients.

Notice of Results

The Group will provide a full update on trading together with its interim results, which will be announced on 26 November 2024.

Phil Higgins, CEO of Shearwater, commented:

"Securing approved supplier status on the Crown Commercial Service's G-Cloud 14 framework underscores our commitment to delivering innovative, high-impact cybersecurity solutions for the public sector, and demonstrates the value of the Shearwater offering.

This achievement, alongside our significant new contract with a leading British media and telecommunications company, reaffirms our dedication to empowering clients with next-generation security tools, including advanced AI-driven solutions.

We look to the future with confidence, bolstered by increased levels of customer engagement, deepened expansion into central government and a growing pipeline of opportunities."

Enquiries:

 

Shearwater Group plc David Williams, Chairman Phil Higgins, CEO Jonathan Hall, CFO	www.shearwatergroup.com c/o Alma
Cavendish Capital Markets Limited– NOMAD and Broker Adrian Hadden / Ben Jeynes / Fergus Sullivan – Corporate Finance Henry Nicol / Dale Bellis / Michael Johnson – Sales	+44 (0) 20 7220 0500
Alma Strategic Communications Justine James / Joe Pederzolli / Emma Thompson	shearwater@almastrategic.com +44 (0) 20 3405 0205

 

About Shearwater Group plc

 

Shearwater Group plc is an award-winning group providing cyber security, managed security and professional advisory solutions to create a safer online environment for organisations and their end users.

 

The Group's differentiated full service offering spans identity and access management and data security, cybersecurity solutions and managed security services, and security governance, risk and compliance. Its growth strategy is focused on building a scalable group that caters to the entire spectrum of cyber security and managed security needs, through a focused buy and build approach.

 

The Group is headquartered in the UK, serving customers globally across 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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RNS Number : 8080H

Trakm8 Holdings PLC

11 October 2024

 

11 October 2024

 

Trakm8 Holdings plc

("Trakm8", the "Group" or the "Company")

Contract Extension

Trakm8 Holdings plc (AIM: TRAK), the global telematics and data insight provider, is pleased to advise that the Company has been awarded a contract extension withJ Sainsbury's Information SystemsLtd ("Sainsbury's").

 

This contract extension, for two years to 31 December 2026, is for the Sainsbury's Goods Online ("GOL") delivery solution. This is built on the Trakm8 Insight AI Optimisation platform algorithms supplied via API. Since the introduction of the Sainsbury's use of Trakm8 Insight AI algorithms, over 4,000 tons of carbon have been saved each year.

 

John Watkins, Trakm8's Executive Chairman commented, "We are delighted to extend the duration of the solutions we provide to Sainsbury's having built a terrific solution together in partnership to give Sainsbury's customers the best possible experience from the GOL platform."

 

– Ends –

 

 

For further information:

Trakm8 Holdings plc
John Watkins, Executive Chairman	Tel: +44 (0) 1675 434 200
Jon Edwards, Chief Financial Officer	www.trakm8.com
Allenby Capital Limited (Nominated Adviser & Broker)	Tel: +44 (0)20 3328 5656
David Hart / Vivek Bhardwaj, Corporate Finance Tony Quirke, Sales and Corporate Broking	www.allenbycapital.com

 

 

 

 

About Trakm8

 

Trakm8 is a UK based technology leader in fleet management, insurance telematics, connected car, and optimisation. Through IP owned technology, the Group uses AI data analytics collected from its installed base of telematics units to fine tune the algorithms that are used to produce its' solutions; these monitor driver behaviour, identify crash events and monitor vehicle health to provide actionable insights to continuously improve the security and operational efficiency of both company fleets and private drivers.

 

The Group's product portfolio includes the latest data analytics and reporting portal (Trakm8 Insight), integrated telematics/cameras/optimisation, self-installed telematics units and one of the widest ranges of installed telematics devices. Trakm8 has over 275,000 connections.

 

Headquartered in Coleshill near Birmingham alongside its manufacturing facility, the Group supplies to the Fleet, Optimisation, Insurance and Automotive sectors to many well-known customers in the UK and internationally including the AA, Stark, EON, Iceland Foods, Sainsbury's, GSF, Direct Line Group, Ticker and Freedom Group.

 

Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005. Trakm8 is also recognised with the LSE Green Economy Mark.

 

www.trakm8.com/ @Trakm8

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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Neville Registrars are delighted to welcome Innovation Agritech Group Limited as the newest addition to its list of client companies.

Innovation Agritech Group build world-class aeroponic vertical farming systems using ground-breaking patented technology. Their goal is to improve the lives and businesses of the farmers, growers and entrepreneurs who use their technologies, while safeguarding the natural environment for the next generation.

Further information can be found on the Company's website: https://iagri-tech.com/ 

 

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RNS Number : 1120F

4GLOBAL PLC

23 September 2024

 

 

23 September 2024

 

4GLOBAL plc

("4GLOBAL" or "the Company")

U.S. Soccer Contract Expansion

 

4GLOBAL, a provider of data and technology for sports, fitness and wellness organisations to optimise operational and investment decisions, is pleased to announce a significant expansion of its agreement with U.S. Soccer.

 

An Insight Solutions project will see 4GLOBAL provide the data, platform and strategic insights to enable U.S. Soccer to better understand soccer facilities in theUnited States. The insights provided will be used by U.S. Soccer to inform investment and legacy planning with a view to increasing grassroots participation and growing the game of soccer nationwide.

 

The expansion builds on the initial Insight Labs project completed earlier this year, which covered a single state. The new agreement is consistent with 4GLOBAL's strategy of building long-term, iterative relationships with customers as they move through the data maturity lifecycle and uncover new opportunities to realise value from 4GLOBAL's offering.

 

With North America being a key growth market for 4GLOBAL, U.S. Soccer is an important reference customer in the region. The Company is actively targeting other sport governing bodies in the region with a similar vision while exploring opportunities elsewhere, with the model being replicable across every football association in the world.

 

Eloy Mazon, 4GLOBAL CEO, said:

 

"Having a high-profile and ambitious organisation such as U.S. Soccer keen to expand its use of 4GLOBAL's offering is testament to the value we add and the quality of the service we provide. The beauty of our model is there is no limit to the business benefits that can be derived from increased use of data, with the discovery of new opportunities to leverage it a natural part of the ongoing journey. We look forward to deepening our relationship with U.S. Soccer further and using our experience with them to expand our presence in the North American market, a key area of focus in our growth strategy.

 

Instrumental to our success in securing this expansion was our unique blend of data, technology and strategic support, coupled with our proven track record in the sector, including with the UK Department for Digital, Culture, Media and Sport; the Football Association of Ireland; and the Football Foundation.

 

It is pleasing to see that we are now taking our knowledge and expertise to new markets, enabled by the replicability of and demand for these projects overseas. This underscores our confidence in the opportunity for further international deals of this size and scale and we look forward to updating on further commercial progress in due course.".

 

Contacts

 

4GLOBAL	via Alma
Eloy Mazon (CEO)
Keith Sadler (CFO)
Spark Advisory Partners (Nominated Adviser)	+44 (0)20 3368 3554
Neil Baldwin
Canaccord Genuity (Broker)	+44 (0)20 7523 8000
Bobbie Hilliam
Alma Strategic Communications	+44 (0)20 3405 0205
Josh Royston	4global@almastrategic.com
Rebecca Sanders-Hewett
David Ison
Louisa El-Ahwal

 

About 4GLOBAL

 

4GLOBAL empowers sports, fitness and wellness organisations to make faster, smarter decisions about their operations, customers and investments through data and actionable insights.

 

It operates the largest sport participation and facility database in the world, with more than 4 billion data points.

 

Sourcing data from health & fitness operators, community programmes and other structured activities through its DataHub while drawing on information from GPS location updates and wearable devices, 4GLOBAL's unique combination of data assets provides a holistic view of physical activity patterns.  

 

4GLOBAL is at the forefront of predictive modelling and advanced analytics, with the insights it generates empowering customers to drive efficiencies, improve customer relationships and make more informed strategic decisions.

 

Its customers span both the public and private sectors, including central and local governments, cities, sporting bodies, trade associations, health & fitness operators and sports clubs.

 

Key markets include North America, the Middle East and Europe. Its headquarters are in London with offices in Miami and Istanbul.

 

4GLOBAL was founded in 2002 and listed on AIM in 2021 under the ticker 4GBL.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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RNS Number : 2324E

Kinovo PLC

16 September 2024

 

16 September 2024

 

("Kinovo", the "Group" or the "Company")

New direct award contract win of up to £12 million

 

Kinovo Plc (AIM: KINO), the specialist property services Group that delivers compliance and sustainability solutions, is pleased to announce that it has been awarded a new contract worth up to £12 million over 18 months by the London Borough of Hackney.

The contract falls under the Company's Regeneration and Renewables pillars and was awarded through the National Housing Maintenance Forum's Net Zero Carbon Framework Lot 5A, where the Company holds the top ranking for Planned Maintenance, Net Zero Carbon and Passive Safety Works.

Delivered as part of Wave 2.1 under the Social Housing Decarbonisation Fund ("SHDF"), the contract is for a range of Net Zero Carbon works including the installation of triple-glazed windows, energy efficient boilers and upgrading renewable energy systems, covering over 300 properties.

This new award is expected to mobilise in financial Q3 and replaces a contract with the London Borough of Hackney, which had been worth £6 million per annum, was out for retender in March 2024, then subsequently divided into two lots and has yet to be formally awarded to any party.

This award had been incorporated within the Company's previously disclosed three year visible revenues and thus underpins the Directors' expectations for the current financial year and contributes towards the subsequent financial year.

In addition to the above SHDF agreement, Kinovo has also been awarded a further new contract under competitive tender, with a value of up to £400,000 per annum over an initial term of 2 years, with a possible one-year extension. Involving responsive repair works to council dwellings and common areas, this will provide additional capacity to Hackney's in-house Direct Labour Organisation.

David Bullen, Chief Executive Officer of Kinovo plc, commented:

"We are delighted to continue our strong partnership with the London Borough of Hackney to deliver retrofit works and sustainable solutions. The Company continues to target driving organic growth with current and prospective partners. We remain well positioned to continue strengthening our current relationships, delivering new key contract wins and diversifying our customer base further as we continue to deliver our growth strategy."

 

Enquiries

 

Kinovo plc
Sangita Shah, Chairman David Bullen, Chief Executive Officer	+44 (0)20 7796 4133 (via Hudson Sandler)
Canaccord Genuity Limited (Nominated Adviser and Sole Broker)	+44 (0)20 7523 8000
Adam James Andrew Potts Harry Rees
Hudson Sandler (Financial PR)	+44 (0)20 7796 4133
Dan de Belder Harry Griffiths Will Reynish

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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RNS Number : 2198E

IntelliAM AI PLC

16 September 2024

 

16 September 2024 

 

IntelliAM AI plc

("IntelliAM" or the "Company")

 

Consulting and Project Services Orders from Hovis Limited ("Hovis")

 

IntelliAM AI plc (AQSE: INT),a leading provider of software that leverages the power of AI and machine learning to revolutionize the manufacturing industry, announces it has won contracts with Hovis for its consultancy reliability services.  This includes contracts for 3 large Hovis sites in East London, Nottingham and Glasgow, and project services for all Hovis manufacturing sites.  The services will be linked to the IntelliAM AI platform to support reliability and stability in the operation.  These service and project orders will be worth in excess of £100,000 over a 12-month period, starting next month.

 Hovis is part of the private equity firm Endless LLP.

 About IntelliAM AI plc:

IntelliAM AI plc specializes in developing AI-powered software solutions for the manufacturing industry. The IntelliAM platform harnesses the power of machine learning to optimize industrial asset management, improve productivity, and reduce operational costs. For more information, visit www.intelliam.com.

Enquiries:
IntelliAM AI plc Tom Clayton, Chief Executive Officer Daud Khan, Chief Financial Officer	+44 114 299 5007
Oberon Capital – AQSE Corporate Adviser and Broker Adam Pollock Mike Seabrook Jessica Cave	+44 203 179 5300
Square1 Consulting – Financial PR David Bick	+44 207 929 5599 +44 7831 381201

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

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RNS Number : 7913C

Intuitive Investments Group plc

04 September 2024

 

4 September 2024

Intuitive Investments Group plc

("IIG" or the "Company")

                                                                         Hui10 Contract Win with Alibaba                                                                  

Alibaba's three million food delivery riders able to exchange their reward points for lottery tickets

Intuitive Investments Group plc (SFS: IIG), the closed-end investment company focussed on fast growing and high potential opportunities in the technology and life sciences sectors, is pleased to announce Hui10's new contract with Alibaba's "ErLeMa" (Are You Hungry) food delivery service.

The new points exchange for lottery tickets ("PELT") contract with Alibaba enables their three million delivery riders to redeem their Golden Coins for PELT QR code lottery coupons, for in-shop redemption for Sports Lottery play. The riders receive bonuses paid in digital reward points known as Golden Coins, based on customer reviews which in total amount to RMB3 billion (US$410 million) per year, with RMB5 billion (US$700 million) currently accrued, ready to redeem. Under this new agreement, delivery riders will now have access to Sports Lottery play through Hui10's PELT platform.

This contract marks a significant development in the roll-out of Hui10's PELT platform ahead of further opportunities currently in the pipeline, helping further advance Hui10's goal to transform Chinese lottery sector through its proprietary technology platform. 

-ENDS-

 

Enquiries:

Intuitive Investments Group plc	www.iigplc.com
Sir Nigel Rudd, Non-Executive Chairman Robert Naylor, CEO Giles Willits, CIO	Via FTI Consulting
Cavendish Capital Markets Limited James King / Daniel Balabanoff	+44 (0) 20 7397 8900
FTI Consulting	+44 (0) 20 3727 1000
Jamie Ricketts / Valerija Cymbal / Jemima Gurney	IIG@fticonsulting.com

Notes

About Intuitive Investments Group plc

IIG is an investment company seeking to provide investors with exposure to a portfolio concentrating on fast growing, high potential Technology and Life Sciences businesses operating predominantly in the UK, continental Europe, the US and APAC, utilising the Board's experience to seek to generate capital growth over the long term for shareholders.

 

About Hui10

Hui10 is a technology company with interests in two operating businesses, Huishi Dehua and Huishi Chunyuan ('Lucky World'), involved in the digital transformation of the Chinese lottery. Huishi Dehua enables the market expansion of the Chinese lottery through its proprietary technology platform. Huishi Dehua is integrated into China's national card settlement system and payment platform, UnionPay. Hui10 holds a 33% share in Huishi Dehua. Lucky World is an ecommerce platform which provides China's existing lottery shops access to a wider fast-moving consumer goods product offering. Hui10 owns 60% of Lucky World.

About PELT

Hui10's PELT platform enables all UnionPay's 38 million member merchants, including banks, mobile phone network operators, insurance companies, utilities, travel companies, airlines, food chains and retailers operating loyalty programmes, to provide their customers with the ability to redeem their loyalty points for digital QR code vouchers for lottery play. The PELT platform is now fully functioning and available in all Sports Lottery shops in China, meaning users exchanging their loyalty points for digital QR code Sports Lottery vouchers can redeem them for lottery play at any one of the c. 175,000 Sports Lottery shops. PELT is a significant opportunity for new customer acquisition, allowing Hui10 to grow a substantial registered user base to which it can offer additional products and services.

Customers receive a direct message or see a banner or icon in their loyalty programme APP informing them that they can now redeem their loyalty points for lottery play by clicking on the PELT link. The PELT APP allows end users to redeem loyalty points for a digital coupon, which is stored in the user's account in the form of a QR code. The user can redeem the QR code in the nearest lottery shop, the location of which is also shown in the PELT APP.  Hui10 is currently signing up UnionPay business clients with a target to acquire 2 million registered PELT users by end 2024.  

About the Hui10 Proprietary Platform

The Chinese lottery is currently a paper tickets only operation being sold from lottery only shops, with limited distribution in relation to the size of the addressable market. Growth in the number of betting shops and lottery sales has now reached a plateau. To unlock the real potential size of China's lottery sector and increase its growth rate, a technological and application revolution is required. Hui10 is core to this transformation.

Hui10 is modernising China's lottery sales and distribution methodology through its proprietary fully integrated technology platforms.  Hui10 has key agreements with China UnionPay, which is the largest card organisation in the world, with over 9.6 billion payment cards issued, 2.5 billion active cards, over 450 million QuickPassPay APP users and 35 million POS terminals to allow. This includes Points Exchange for Lottery Tickets (PELT). Deployed nationally in all Sports Lottery shops, PELT is a proprietary software technology, integrated within the UnionPay QuickPassPay platform. QuickPassPay is a lifestyle platform and has a growing base of over 450 million registered users. The platform incorporates all mobile payments functions, a ticket booking platform, taxi, train, bus, tube, air travel booking, home utilities management and payments, food and beverage delivery, restaurants, online shopping and much more.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

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RNS Number : 7913C

Intuitive Investments Group plc

04 September 2024

 

4 September 2024

Intuitive Investments Group plc

("IIG" or the "Company")

                                                                         Hui10 Contract Win with Alibaba                                                                  

Alibaba's three million food delivery riders able to exchange their reward points for lottery tickets

Intuitive Investments Group plc (SFS: IIG), the closed-end investment company focussed on fast growing and high potential opportunities in the technology and life sciences sectors, is pleased to announce Hui10's new contract with Alibaba's "ErLeMa" (Are You Hungry) food delivery service.

The new points exchange for lottery tickets ("PELT") contract with Alibaba enables their three million delivery riders to redeem their Golden Coins for PELT QR code lottery coupons, for in-shop redemption for Sports Lottery play. The riders receive bonuses paid in digital reward points known as Golden Coins, based on customer reviews which in total amount to RMB3 billion (US$410 million) per year, with RMB5 billion (US$700 million) currently accrued, ready to redeem. Under this new agreement, delivery riders will now have access to Sports Lottery play through Hui10's PELT platform.

This contract marks a significant development in the roll-out of Hui10's PELT platform ahead of further opportunities currently in the pipeline, helping further advance Hui10's goal to transform Chinese lottery sector through its proprietary technology platform. 

-ENDS-

 

Enquiries:

Intuitive Investments Group plc	www.iigplc.com
Sir Nigel Rudd, Non-Executive Chairman Robert Naylor, CEO Giles Willits, CIO	Via FTI Consulting
Cavendish Capital Markets Limited James King / Daniel Balabanoff	+44 (0) 20 7397 8900
FTI Consulting	+44 (0) 20 3727 1000
Jamie Ricketts / Valerija Cymbal / Jemima Gurney	IIG@fticonsulting.com

Notes

About Intuitive Investments Group plc

IIG is an investment company seeking to provide investors with exposure to a portfolio concentrating on fast growing, high potential Technology and Life Sciences businesses operating predominantly in the UK, continental Europe, the US and APAC, utilising the Board's experience to seek to generate capital growth over the long term for shareholders.

 

About Hui10

Hui10 is a technology company with interests in two operating businesses, Huishi Dehua and Huishi Chunyuan ('Lucky World'), involved in the digital transformation of the Chinese lottery. Huishi Dehua enables the market expansion of the Chinese lottery through its proprietary technology platform. Huishi Dehua is integrated into China's national card settlement system and payment platform, UnionPay. Hui10 holds a 33% share in Huishi Dehua. Lucky World is an ecommerce platform which provides China's existing lottery shops access to a wider fast-moving consumer goods product offering. Hui10 owns 60% of Lucky World.

About PELT

Hui10's PELT platform enables all UnionPay's 38 million member merchants, including banks, mobile phone network operators, insurance companies, utilities, travel companies, airlines, food chains and retailers operating loyalty programmes, to provide their customers with the ability to redeem their loyalty points for digital QR code vouchers for lottery play. The PELT platform is now fully functioning and available in all Sports Lottery shops in China, meaning users exchanging their loyalty points for digital QR code Sports Lottery vouchers can redeem them for lottery play at any one of the c. 175,000 Sports Lottery shops. PELT is a significant opportunity for new customer acquisition, allowing Hui10 to grow a substantial registered user base to which it can offer additional products and services.

Customers receive a direct message or see a banner or icon in their loyalty programme APP informing them that they can now redeem their loyalty points for lottery play by clicking on the PELT link. The PELT APP allows end users to redeem loyalty points for a digital coupon, which is stored in the user's account in the form of a QR code. The user can redeem the QR code in the nearest lottery shop, the location of which is also shown in the PELT APP.  Hui10 is currently signing up UnionPay business clients with a target to acquire 2 million registered PELT users by end 2024.  

About the Hui10 Proprietary Platform

The Chinese lottery is currently a paper tickets only operation being sold from lottery only shops, with limited distribution in relation to the size of the addressable market. Growth in the number of betting shops and lottery sales has now reached a plateau. To unlock the real potential size of China's lottery sector and increase its growth rate, a technological and application revolution is required. Hui10 is core to this transformation.

Hui10 is modernising China's lottery sales and distribution methodology through its proprietary fully integrated technology platforms.  Hui10 has key agreements with China UnionPay, which is the largest card organisation in the world, with over 9.6 billion payment cards issued, 2.5 billion active cards, over 450 million QuickPassPay APP users and 35 million POS terminals to allow. This includes Points Exchange for Lottery Tickets (PELT). Deployed nationally in all Sports Lottery shops, PELT is a proprietary software technology, integrated within the UnionPay QuickPassPay platform. QuickPassPay is a lifestyle platform and has a growing base of over 450 million registered users. The platform incorporates all mobile payments functions, a ticket booking platform, taxi, train, bus, tube, air travel booking, home utilities management and payments, food and beverage delivery, restaurants, online shopping and much more.

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RNS Number : 5782C

Ondo InsurTech PLC

03 September 2024

 

 

3 September 2024

 

Ondo InsurTech Plc

("Ondo" or the "Company")

 

Contract with NFU Mutual

NFU to roll out 17,000 LeakBots by January 2025

 

Ondo Insurtech (LSE: ONDO),a leading company in claims prevention technology for home insurers, is pleased to announce that it has yesterday signed a contract with National Farmers Union Mutual ("NFU Mutual") to introduce LeakBot to their members.

 

Under the terms of the Contract, NFU Mutual will deploy LeakBots from October 2024, with a planned roll out of 17,000 units to be deployed by January 2025. Subject to the success of this initial roll-out NFU Mutual intends that LeakBot will then be rolled out across its members.

 

NFU Mutual is a member owned insurer, with over 900,000 customers, one of the top ten largest general insurance companies in the UK. LeakBot has been selected to provide a solution for reducing household water damage claims, whilst providing a quality service to their customers.

 

Craig Foster, Ondo CEO, says:

"This agreement with NFU Mutual demonstrates the impact of LeakBot's reputation for delivering on our commitment to reduce escape of water claims and for providing a quality service for our customers.   We look forward to working with NFU Mutual to help reduce their claims costs whilst improving customer experience and loyalty."

 

Phil Cooper, Propositions Manager at NFU Mutual,said:

"As a mutual insurer, we try to go beyond simply offering an excellent service at point of claim. This means supporting our customers to reduce risk, effectively protecting their property and preventing them from having to claim.

 

"Escape of water is one of the most damaging and disrupting things that can happen to a homeowner, causing devastating damage with little warning.

 

"We believe this partnership with LeakBot will help us support our customers by providing an effective early warning system for escape of water before it develops into a serious issue and look forward to seeing the positive impact this has for our members."

 

Enquiries

 

For further information, please visit www.ondoplc.com  or contact the following:

 

 

Ondo InsurTech Plc	Craig Foster, CEO Kevin Withington, CFO	+44 (0) 800 783 9866
Dowgate Capital Ltd (Broker & Financial Advisor)	Russell Cook Nick Chambers Charlie Hall	+44 (0) 20 3903 7715
Cassiopeia Services Ltd (PR & Investor Relations)	Stefania Barbaglio	+44 (0) 7949 690338

 

 

About Ondo InsurTech PLC

 

Ondo is a world leading provider of claims prevention technology for home insurers.  Ondo's focus is on the global scale-up of LeakBot – claims prevention technology that prevents water damage claims in houses. Water damage is the single biggest cause of home insurance claims, accounting for $17bn of claims every year in the USA and UK combined. LeakBot is a patented self-install solution that connects to the home wireless network and, if it detects a leak, notifies the customer via the LeakBot mobile app and provides access to a team of expert LeakBot engineers to 'find and fix' the problem. Independent research by Consumer Intelligence found LeakBot can reduce the cost of water damage claims by [up to] 70%.

 

LeakBot partners with 19 insurance carriers – including Nationwide, Admiral, Direct Line Group, Hiscox, Länsförsäkringar and TopDanmark – both in Europe and the USA.

 

Ondo holds the coveted London Stock Exchange Green Economy Mark awarded to companies who derive the majority of their income from Green activities.

 

For more information, visit www.ondoplc.com

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

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