Microlise signs three new contracts

11th Sep 2024 15:44

(Sharecast News) - Microlise Group announced the signing of new and expanded contracts with Goldstar Heathrow, One Stop, and Romac on Wednesday, totaling over £2m in value.

The AIM-traded firm said Goldstar Heathrow, a long-standing client and key player in UK airport logistics, had signed an expanded give-year contract that would now see Microlise's solutions deployed across its entire fleet of 170 vehicles.

Goldstar would adopt additional products from Microlise's suite, including Journey Management, TruAnalysis, TruLicence, TruChecks, and more, to enhance operational efficiency and compliance.

Notably, Goldstar would be the first customer to use Microlise's Transport Management System (TMS), acquired from ESS, alongside the TruTac solutions.

One Stop, a convenience retail chain with over 1,000 stores and a subsidiary of Tesco, had also signed a five-year deal.

The board said the partnership would further solidify Microlise's long-standing relationship with Tesco.

It said One Stop's logistics operations were expected to see a significant reduction in carbon emissions as a result of implementing Microlise's technology.

Finally Romac, a provider of third-party logistics services specialising in temperature-controlled transport, had also entered a five-year contract with Microlise.

The company would implement Microlise's end-to-end TMS solution, which would integrate with Romac's warehouse management system to support its national growth across 11 depots while maintaining efficient operations.

"These new contracts with Goldstar, One Stop, and Romac are a clear reflection of our commitment to delivering cutting-edge solutions that meet the evolving needs of our customers," said chief executive officer Nadeem Raza.#

"We are proud to deepen our partnerships with these industry leaders, providing them with the tools to enhance operational efficiency, drive sustainability, and support their growth ambitions.

"Our ability to integrate and customise our technology across diverse fleets and complex operations underscores Microlise's position as a trusted partner in the transport and logistics sector."

Microlise said it would release its interim results for the six months ended 30 June on 24 September.

At 1437 BST, shares in Microlise were up 0.38% at 127.99p.

Reporting by Josh White for Sharecast.com.