Pelatro PLC (LON:PTRO)

Pelatro PLC (LON:PTRO)


Share Price
80.04 p
Change
0.535 (0.67 %)
Market Cap
£26.04 m
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Pelatro PLC RNS Release

Contract Win


RNS Number : 2300U
Pelatro PLC
28 March 2019
 

Pelatro Plc

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

 

Contract Win

 

Pelatro expands within SingTel Group with $0.7m contract from AIS, Thailand

 

Pelatro Plc (AIM: PTRO), the global Multichannel Marketing Hub software specialist, has been awarded a contract by Advanced Info Services ("AIS") worth approximately £0.7m. AIS is a member of the Singtel Group and is the largest mobile network operator in Thailand with approximately 50 million subscribers.

 

Pelatro will supply its mViva Contextual Marketing Platform to assist AIS increase its revenue and customer engagement whilst reducing churn. This is Pelatro's first contract in Thailand, broadening the Company's footprint to 16 countries, further demonstrating the global appeal of its platform. The licence is worth approximately £0.7m, which will be recognised in the current financial period, with ongoing maintenance fees over four years.

 

Expanding within the SingTel Group

The SingTel Group has operations in several large markets including Thailand, Philippines, Indonesia, India and Africa covering an aggregate of almost a billion subscribers. Pelatro's products (Loyalty Management Solution and Notification Manager) are currently being used by Globe, the SingTel operating company in Philippines, which is the largest Telco in the Philippines. With the addition of AIS, Pelatro now serves two of the seven markets of the Singtel Group and provides further opportunity to cross sell into the wider SingTel Group.

 

 

Commenting on this contract win, Subash Menon, Managing Director & CEO of Pelatro Plc said:

"In keeping with our strategy to grow within large telco groups, we are delighted to add AIS of Thailand to our list of customers. Starting with Globe in Philippines, which is part of the SingTel Group, we have successfully won this contract from AIS, yet another large telco within the same group. This puts us in a strong position to expand further within the SingTel Group in the future. This contract win also now provides visibility for approximately $6 million of revenue for 2019."

 

 

For further information contact:

 

Pelatro Plc


Subash Menon, Managing Director & CEO

c/o Walbrook PR

Nic Hellyer, Finance Director




finnCap Limited (Nominated Adviser and Broker)

+44 (0)20 7220 0500

Carl Holmes/Kate Bannatyne/Matthew Radley




Walbrook PR Advisors

+44 (0)20 7933 8780

Paul Cornelius/Nick Rome


 

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

 

 

 

Notes to editors

The Pelatro Group was founded in March 2013 by Subash Menon and Sudeesh Yezhuvath with the objective of offering specialised, enterprise class software solutions for customer engagement principally to telcos who face a series of challenges including market maturity, saturation and customer churn.

 

Pelatro provides its "mViva" platform for use by customers in B2C applications, and is well positioned in the Multichannel Marketing Hub space (MMH) - this is technology that orchestrates a customer's communications and offers to customer segments across multiple channels to include websites, social media, apps, SMS, USSD and others.

 

For more information about Pelatro, visit www.pelatro.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 [email protected] or visit www.rns.com.
 
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