ClearStar : First contract in facilities management sector

Regulatory Story
Go to market news section
ClearStar,Inc. - CLSU First contract in facilities management sector Released 07:00 10-Feb-2020

RNS Number : 4111C

ClearStar,Inc.

10 February 2020

10 February 2020

ClearStar, Inc.

('ClearStar' or the 'Company')

ClearStar wins first contract in facilities management sector

Major facilities manager appoints ClearStar for screening healthcare service providers

ClearStar (AIM: CLSU), a provider of Human Capital Integrity℠technology-based services specialising in background and medical screening, announces that it has been appointed by a leading facilities management company to provide background screening of service providers entering its healthcare locations. This is ClearStar's first contract in the facilities management sector and the Company expects it to generate a minimum revenue of $0.4m during the roll-out phase this year.

The customer provides facilities management and maintenance to leading brands across North America, with over 120,000 locations under management, in a range of industries. It helps manage facilities through its technology solutions and a substantial network of service providers. ClearStar has been appointed to provide background screening for the customer's new programme that requires all service providers to its healthcare facilities to undergo a background check and maintain a virtual ID card.

The virtual ID card incorporates the relevant information from the background screen thanks to ClearStar's integration with the provider, Virtual Badge. The integration can also allow for continuous screening monitoring, with a badge becoming automatically suspended should the employee commit a predefined offence.

Robert Vale, CEO of ClearStar, said: 'This is another fantastic customer win for ClearStar, reflecting the continuing upscaling of our client base with the increasing recognition of our brand. It marks a milestone as our first contract in the facilities management industry, which is an area with great growth potential. We help ensure the safety of the workplace by verifying the individuals who are entering, which is particularly relevant when it involves a large number of external service providers. We also have the opportunity to cross-sell further solutions to these service providers who will already be on-boarded to our platform. In addition, this contract expands our footprint within healthcare - and adds to a number of wins or expansions that we have recently received in this core sector. As a result, it has been an encouraging start to 2020 and we remain excited about the opportunities ahead.'

Enquiries:

ClearStar, Inc.	[phone]
Robert Vale, Chief Executive Officer Jennifer Balleza, Chief Financial Officer
finnCap Ltd.	[phone]
Jonny Franklin-Adams, Marc Milmo, Simon Hicks- Corporate Finance Andrew Burdis, Tim Harper - ECM
Luther Pendragon Ltd.	[phone]
Harry Chathli, Claire Norbury, Joe Quinlan

About ClearStar

ClearStar, Inc. is aleading provider of Human Capital Integrity℠ technology-based services specialising in background and medical screening. It provides employment intelligence direct to employers and via channel partners/consumer reporting agencies ('CRAs') to support better recruitment and other decisions affecting employees by increasing the quality, reliability and visibility of information.

A seven-time Inc. 5000 honouree and founding member of the Professional Background Screening Association, ClearStar has provided innovative technology solutions to businesses in the human capital management industry from its corporate offices in Alpharetta, Georgia since 1995. For more information about ClearStar, please visit:www.clearstar.net.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

CNTUKAKRRRUURAR

Close

London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

©2014London Stock Exchange plc. All rights reserved

First contract in facilities management sector - RNS