9 February 2015
Eagle Eye Solutions Group PLC
("Eagle Eye" or the "Company")
Eagle Eye and Toshiba Global Commerce Solutions collaborate to sign a 2 year contract
Eagle Eye, a leading UK provider of digital consumer engagement solutions to the retail and hospitality industries, is delighted to announce that the Company, as a sub-contractor of Toshiba Global Commerce Solutions, will undertake certain services in relation to a minimum two year contract for the deployment of the Eagle Eye AIR platform within Asda Stores Ltd ("Asda") in the UK. The innovative platform integrates with existing ASDA-Walmart POS solutions in Asda stores.
This contract, for the digital counting and reconciliation of own brand and supplier brand coupons at point of sale across the Asda estate, will eliminate the existing requirement for the manual reconciliation of paper vouchers and improve fraud prevention and operational efficiency. The contract will enable the real-time issuance and redemption of coupons and vouchers for Asda-specific campaigns.
The deployment of the Eagle Eye platform comes after a one year development period. The production contract will contribute material revenue to Eagle Eye over the term of the minimum contract period.
Phill Blundell, Chief Executive Officer of Eagle Eye, commented: "We are thrilled to have been selected by a company of Asda's quality to implement our platform. This is a major endorsement of our partnership with Toshiba and Eagle Eye's innovative technology offering. We look forward to furthering our relationship and working closely with Asda and its suppliers."
Andrew Carr, UKI Country Manager, Toshiba Global Commerce Solutions, commented: "Toshiba Global Commerce Solutions is proactively acting on Asda's requirements to help them deliver innovation and achieve their vision of the future. Our collaboration with Eagle Eye and integration of their platform with Toshiba POS systems allows Asda real time reporting and analysis capabilities for digital campaigns."
For further information, please contact:
Eagle Eye |
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Phill Blundell, Chief Executive Officer Lucy Sharman-Munday, Chief Financial Officer |
Tel: 01483 246 426 |
Panmure Gordon |
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Hugh Morgan/Duncan Monteith, Corporate Finance Charles Leigh-Pemberton, Corporate Broking |
Tel: 020 7886 2500 |
Hudson Sandler |
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Nick Lyon/Alex Brennan |
Tel: 020 7796 4133 |
Information on Eagle Eye www.eagleeye.com |
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About Eagle Eye
Eagle Eye is a leading UK provider of digital consumer engagement solutions, enabling the retail and hospitality industries to deliver real-time digital promotions.
The Company provides a digital transaction platform, Eagle Eye AIR, for the secure, real-time, multi-channel issuance, management and redemption of digital offers, vouchers and rewards, replacing previously used paper-based methods. Through the digital engagement module customers can send a plethora of marketing communications like SMS and Email using the interactive smart messaging service.
Eagle Eye PROMOTE, a further module of the AIR platform, enables FMCG suppliers to login, set up and monitor their campaigns in real-time.
The coupons, stored value and loyalty-based rewards markets are currently transitioning through substantial change as both retailers and consumers are moving away from paper and plastic to digital offers, vouchers and rewards. These markets, in aggregate, are estimated to be worth £54.8 billion, £4.7 billion and £210 million respectively.
The Eagle Eye platform comprises four key components: campaign creation; issuance; redemption and reporting. The Company's products supported by the Eagle Eye platform allow the Company's clients to deliver relevant offers, vouchers and rewards to consumers in real time, in a simple and secure way, across multiple media including email, SMS messaging and loyalty apps. The promotions can be redeemed securely by the consumer through any enabled point of sale channel.
The Company's current customer base comprises leading names in UK retail and hospitality including Aurora Fashion, Greggs, JD Sports, Ladbrokes, Marks & Spencer, Mitchells & Butlers, Orange, Pizza Express, Tesco and Thomas Pink.
The Group is headquartered in Guildford, Surrey and has an office in Manchester.
About Toshiba Global Commerce Solutions
Toshiba Global Commerce Solutions is retail's first choice for integrated in-store solutions and is a global market share leader in retail store technology. With a global team of dedicated business partners, we deliver innovative commerce solutions that transform checkout, provide seamless consumer interactions and optimize retail operations that are changing the retail landscape. To learn more, visit toshibacommerce.com or engage on Twitter @toshibagcs
