Crimson Tide (TIDE)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

 160.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 320.00
  • 52 Week Low: 135.00
  • Currency: UK Pounds
  • Shares Issued: 6.57m
  • Volume: 0
  • Market Cap: £10.52m
  • RiskGrade: 209

Crimson Tide wins deal with UNC Health

By Josh White

Date: Wednesday 20 Sep 2023

LONDON (ShareCast) - (Sharecast News) - Crimson Tide announced further expansion into the US market on Wednesday by partnering with a new client responsible for catering services at UNC Health, a division of the University of North Carolina (UNC).
The AIM-traded firm said the new client planned to employ the mpro5 mobile application and its reporting and dashboard features to facilitate the punctual delivery of meals to students at an optimum temperature.

Initially, the service would be rolled out at one of UNC Health's medical campuses.

Beyond ensuring timely meal deliveries, mpro5 would also monitor and automate patients' dietary needs.

It would incorporate features such as carb-counting, essential in adjusting medicinal dosages for patients.

Throughout the three-year inaugural contract, the mpro5 solution was expected to support the delivery of more than 240,000 warm, health-conscious, and diet-specific meals.

The starting value of the agreement stood at about $72,000, but projections indicated potential growth after the initial implementation phase.

"This contract win extends our reach into the US, further emphasises our strength in the contract catering sector, and, most importantly, helps our client deliver safe and healthy meals to its most in-need patients," said chairman Barrie Whipp.

"We look forward to exploring how we can further help US education providers meet the compliance, auditing and verification challenges of catering in a student environment."

At 1301 BST, shares in Crimson Tide were down 2.34% at 2.3p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Crimson Tide Market Data

Currency UK Pounds
Share Price 160.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 320.00
52 Week Low 135.00
Volume 0
Shares Issued 6.57m
Market Cap £10.52m
RiskGrade 209

Crimson Tide Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
11.55% above the market average11.55% above the market average11.55% above the market average11.55% above the market average11.55% above the market average
8.33% above the sector average8.33% above the sector average8.33% above the sector average8.33% above the sector average8.33% above the sector average
Price Trend
56.26% below the market average56.26% below the market average56.26% below the market average56.26% below the market average56.26% below the market average
38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average
Income Not Available
Growth
36.17% above the market average36.17% above the market average36.17% above the market average36.17% above the market average36.17% above the market average
12.00% above the sector average12.00% above the sector average12.00% above the sector average12.00% above the sector average12.00% above the sector average

Crimson Tide Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

Crimson Tide Key Personnel

Finance Director Shaun Mullen
CEO Philip ('Phil') Douglas James Meyers

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