Contract wins round-up: LO-Q, Motive TV, Plexus ...
Also included in this round-up: ValiRx, Eckoh
Lo-Q has announced its second contract win of the week, as an unnamed major US theme park operator has signed up to use the firm's virtual queueing system at two sites in the US. Revenue associated with the agreement is expected to scale gradually, over time. In addition, the deal grants that Lo-Q's virtual queuing systems may be extended into additional theme and water parks within the USA and globally.
Motive Television keeps pace with Lo-Q, announcing its second contract award of the week as well. Mediaset, the Italian film and television giant, has renewed Motive Television's contract for another year, following the launch this week of version 3.0 of the London firm's patented broadcast video-on-demand solution.
Completing a hat-trick of companies that announced contract wins on both Tuesday and Thursday of this week is oil and gas engineering services business, Plexus, which has secured a £1m contract to supply its POS-GRIP technology well-head equipment to Lotos Exploration & Production Norge, a new customer for Plexus. The contract is for a two year period and can be extended for an additional year. Revenues are due to commence November 2012.
ValiRx, a life science company focused on cancer diagnostics, has entered into a UK distribution agreement with First Health Products for the distribution and sale of ValiRx's SELFCheck health screening products in the UK. The agreement, which is initially for a period of five years, means that the company will no longer incur any of the direct expenses or management time associated with the sales and marketing campaigns of SELFCheck products in the UK. ValiRx will continue to benefit from an income stream from the royalty payments made to the company from UK sales.
Speech recognition software specialist Eckoh has had its contract with cinema operator Vue Entertainment renewed for another three years. Eckoh supplies the technology which provides cinema listings information and ticket booking options over the phone. The contract, which runs until October 2015, has also made provision to include social media monitoring and broader customer interaction that will make additional use of Eckoh's multi-channel service capability.
JH