Crimson Tide wins new contracts in rail sector worth £0.25m

Crimson Tide announced Thursday a two contract wins in the rail sector worth nearly £0.25m for the company's mpro5 service offering.

These transactions, won through the company's partner Graphite Partners, included a contract with Arriva UK Trains subsidiary Chiltern Railways to provide mobile auditing solutions for train presentation, and a five year contract with Northern Rail, to assist with staff management and station presentation.

The full contract value of the agreements amounted to nearly £0.25m.

'Following the development of our relationship with our partners we have entered another vertical market where mpro5 can deliver value and measurable ROI.

At 8:43am: (LON:TIDE) Crimson Tide PLC share price was +0.25p at 2.85p