Checkit hails contract wins in US

AIM-listed Checkit said on Thursday that it had secured a number of contract wins in the US and a contract renewal in the UK.

"Checkit continues to grow its footprint in the US with the signing of several new contracts," it said. In particular, three contracts will generate a combined minimum value of around $1m over their three-year terms.

Two of these are with biopharma companies and the third is with a large resort and casino operator on the West Coast.

In the UK, meanwhile, Checkit renewed an existing contract worth around £2.1m over four years with an integrated energy company to provide real time operations management capability to over 300 sites.

Chief executive Kit Kyte said: "These contract wins, amongst others, underscore the positive sales momentum we have been building in the US, which we believe will continue as we look to further expand our US presence in FY24.

"In addition, I am delighted to announce the renewal of an important contract with an existing enterprise customer in the UK for the provision of real-time operations management technology and services.

"Together, these contracts provide further evidence of Checkit's continued ability to win new customers and deepen existing client relationships."