JCB Contract

Microlise Group plc (AIM: SAAS), a leading provider of SaaS based transport technology solutions to fleet operators, is pleased to announce that the Company has entered into a 5-year contract renewal with J.C. Bamford Excavators Limited ("JCB"), the global manufacturer of construction equipment, which will cover recurring SaaS software licences and hardware sales until September 2029.

This renewal will see Microlise continue to provide JCB with its advanced, white-labelled Industrial Internet of Things (IIoT) platform. This platform, fully integrated within JCB's machinery, enhances connectivity and diagnostic capabilities, supporting JCB's strategic initiatives in delivering smarter, more efficient construction equipment.

Microlise's IIoT platform enables real-time world-wide monitoring and diagnostics of JCB's machinery, facilitating predictive maintenance and reducing operational downtime. Microlise's platform enables JCB's customers to optimise equipment performance, thereby improving productivity and reducing total cost of ownership.

This renewed collaboration builds upon a successful 14-year relationship between the two companies. As JCB seeks to expand its market presence, particularly in the United States, Microlise's platform will be key in meeting the increasing demand for connected, intelligent machinery.

Nadeem Raza, CEO of Microlise, commented:

"The renewal of our long-standing partnership is testament to JCB's dedication to the innovation of their own machinery and services, as part of their own global growth strategy. I am very proud of everything both teams have achieved over the last 14 years and look forward to our shared growth over the next 5 years."