Tuesday 15th July 2008
Clarity wins Dutch contract
Software management specialist Clarity Commerce Solutions has followed a £420,000 US deal with a £468,000 Amsterdam waterways contract.
The AIM-quoted company says Dienst Binnenwaterbeheer (Amsterdam (DBA), which handles the commercial management of the waterways of the Dutch port, is to equip all its sites with a central administration and point-of-sale ‘solution’ for collecting tolls from commercial and leisure craft. The contract is worth an initial €586,000 (£466,000) plus annual maintenance and should start to deliver in the second quarter of next year.
The Amsterdam contract comes soon after another won by Basingstoke-based Clarity, to provide similar point-of-sale ‘solutions’ for food and beverage sales at Universal Studios in Florida, worth an initial £420,000 plus maintenance fees. For Clarity, which lost £458,000 in the year to March and has seen its AIM-quoted shares fall from 80p to below 25p in less than three years, these contracts are stages in the company’s recovery strategy under chief executive officer Ken Smith.
Shares in Clarity, which raised £1.8 million in February at 25p, now trade at 22.5p, up 1.5p this morning, at which price they value the company at £7.2 million. They have speculative recovery appeal, overall stock market conditions permitting.
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