Shearwater inks supply agreement with mystery fashion retailer

6th Jan 2021 10:56

(Sharecast News) - Organisational resilience group Shearwater said on Wednesday that it has secured a five-year supply agreement with an unnamed, New York-based fashion retailer.
Shearwater said the first contract to be delivered under the supply agreement encompassed the delivery of a secure ID-authenticated printing solution as well as a 12-month maintenance and service contract, for use within ten European countries across 17 sites.

The AIM-listed group stated the value of the first contract, secured via its Brookcourt Solutions subsidiary, was £860,000, of which the majority was expected to be recognised in the current full year.

Chief executive Phil Higgins said: "We are pleased to have secured this contract win with a successful global retailer. Our new client appreciates the importance of maintaining vigorous security standards in order to protect its business.

"The supply agreement demonstrates Brookcourt's ability to leverage its deep understanding of best-in-class technologies in order to deploy robust, effective and cost-efficient solutions for complex businesses such as this which span numerous markets."

As of 1055 GMT, Shearwater shares were up 2.40% at 157.70p.