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Hardware & electrical equipment

Checkit jumps on back of contract renewals and wins

Checkit PLC (AIM:CKT, OTC:ECKTF) climbed 13% to 25p after announcing a number of contract wins and renewals in the UK and US.

The operations platform said that three contracts signed in the US will generate revenues of roughly US$1mln over a three-year term.

In the UK, it said it has renewed an existing contract worth £2.1mln over four years.

"Together, these contracts provide further evidence of Checkit's continued ability to win new customers and deepen existing client relationships,” said chief executive Kit Kyte.

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