Checkit plc announces new contract wins from two existing customers worth a minimum of £417,000 in total lifetime revenue over their three year terms. Checkit has signed a new contract with an integrated energy company, to provide real time operations management capability to 50 franchisees in the UK worth c. £252,000 over three years which will be installed in tranches over the course of Fiscal Year 2025. The franchise operations for this customer represents an opportunity of twice the number of existing company owned locations globally, and Checkit expects further expansion of business with this customer during Fiscal Year 2025. In addition, Checkit has signed contracts with a combined minimum value of £165,000 over their three year terms with a multinational outsourced food service company for the provision of its CAM and CWM products to end users in four additional locations.

These new contracts follow on from three contracts signed at the end of last year. Since the beginning of the calendar year Checkit has added five additional projects to its pipeline with this customer.