Crimson Tide (TIDE)

Share Price:
3.40p
Market Cap:
15.55m
Change Today:
0.000p
Sector:
IT Hardware

Crimson Tide eyes Middle Eastern expansion following contract wins

By Iain Gilbert

Date: Thursday 20 Sep 2018

LONDON (ShareCast) - (Sharecast News) - Crimson Tide has successfully inked a number of new contracts across the Middle East and the US.
The smart mobility provider signed its first subscription agreements in the Middle East with two unnamed clients, both of which will be completing maintenance, engineering, and health and safety workflows on its mpro5 product.

Crimson said it remained hopeful that more wins will come from the region after making the move to hire Zyldxian Pereira as its sales executive in the Middle East.

The AIM-listed outfit also won a contract with a $20bn-revenue US pharmaceutical company to provide a patient portal for one of its ground-breaking anti-cholesterol drugs.

Sam Roberts has also agreed to re-join the company as director of enterprise sales after leaving the firm to join Samsung, where he headed up the electronics giant's sales relationship with O2.

Executive chairman Barrie Whipp said: "It is very encouraging to win these new contracts, which demonstrate mpro5's capabilities in exciting areas. We are also happy to add to our sales team and I am extremely pleased to welcome Sam back to Crimson Tide."

As of 0835 BST, Crimson Tide shares had shot up 17.25% to 2.99p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Crimson Tide Market Data

Currency UK Pounds
Price 3.40p
Change Today 0.000p
52 Week High 3.95p
52 Week Low 1.58p
Volume 101,246
Shares Issued 457.49m
Market Cap 15.55m

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