Eckoh on a high after two more water companies sign up

Speech recognition and associated payment solutions provider Eckoh has signed up its seventh and eighth UK water companies as customers.

The group has won new three-year contracts to provide the EckohPAY secure payment solution with a further two water utility companies.

After the routine talking up of his company's products Nik Philpot, Chief Executive Officer of Eckoh, hinted at more contract wins in the pipeline from the utility sector.

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"Our solutions continue to generate significant new business interest from other utility providers and we remain optimistic about further increasing our market share," Philpot said.

Shares in the company rose by five-eighths of a penny to 12.625p, hitting a 52-week high.

JH