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CCP is set for accelerated growth

2017-12-04 04:00
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SYDNEY, Dec. 4, 2017 /PRNewswire/ -- CCP Technologies Limited (ASX: CT1) (the "Company") has signed two new partnership agreements that add significant distribution to CCP's expanding network. Dicker Data (ASX: DDR), with 5,000 resellers in its network, is known as Australia's leading ICT hardware distributor and Channon Refrigeration is a well-known supplier of refrigeration equipment and services to the hospitality industry.

CCP’s First Generation (Gen 1) Smart Tag
CCP’s First Generation (Gen 1) Smart Tag

CCP provides its critical control point management solution to a growing list of businesses in Australia and North America; and has announced expansion into Singapore. Customers use CCP to underpin food safety compliance, reduce costs and harness business improvement.

The two new agreements expand CCP's access to customers in its food industry market. The potential combined market opportunity for CCP in Australia and North America represents an estimated 470 million monitoring points.

Channon Refrigeration is a leading provider to Australia's food industry, including hotels, clubs, cafes, breweries, restaurants, supermarkets, fast-food chains, including Clubs Australia. Initially, the agreement estimates sales of 2,000 monitoring points and will support the Company's growth through expanding reach to the food industry.

TMT Analytics recently issued its research report on CCP, which highlighted the importance of channel partnerships to expedite the company's commercial roll-out. The agreements with Dicker Data and Channon's follow the recently announced channel partnership with the Shamrock Group -- a Minneapolis-based refrigeration, ice and beverage product and service company. CCP has also announced a developing global relationship with Vodafone and partnerships with Sigfox operators in the USA, Australia and Singapore.

Michael White, Executive Director and CEO of CCP said,

"By building a strategic partner network, CCP anticipates rapid growth and expansion of its install base. We already have over 50,000 monitoring points in our sales pipeline and by on-boarding channel partners, we expect that number to increase significantly in the coming months."

TMT Analytics' research report is available at: www.ccp-technologies.com

About CCP Network

CCP offers a critical control point management system in Australia and North America, and has an emerging presence in Singapore. Critical control points are the points in a supply chain where a failure of standard operating procedure has potential to cause serious harm to people -- and to a business' reputation and bottom line. Standard critical control points include temperature, energy, environment (e.g. air and water quality, pH, chemicals, noise, acoustics and gases) and movement.

CCP captures data using Smart Tags (sensors) and an advanced Internet of Things (IoT) network. Data is delivered to the company's big data cloud platform where it is analysed to deliver business intelligence. Customers access this information through Web and Mobile Dashboards; and receive real-time alerts via SMS, email and push notifications.

The Company's first target market is the food industry, where food safety regulation, energy savings and waste reduction drives adoption. For further information on the CCP Solution, visit: www.ccp-network.com

Further information:

Michael White | Executive Director & CEO
CCP Technologies Limited
E: michael.white@ccp-network.com
M: +61 (0) 412 799 232
Investor relations: www.ccp-technologies.com
Sales: www.ccp-network.com

Photo - https://photos.prnasia.com/prnh/20171130/2000725-1

Source: CCP Technologies

Related stocks: Australia:CT1

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