Visual Insight System: Contract Win

RNS Number : 5750U

Big Sofa Technologies Group PLC

01 April 2019

01 April 2019

Big Sofa Technologies Group plc

("Big Sofa Technologies" or the "Company")

Visual Insight System: contract win with a global clothing brand

3-month project to capture and analyse real behaviour for a global clothing brand

Big Sofa Technologies (AIM:BST),a video analy cs provider to the global insight and analy cs industries, has been awarded an ini al project worth approximately $250,000 by a global clothing manufacturer and retailer. The project is expected to be completed by the end of June and is the first that the Company will undertake with this blue-chip brand client since securing a global master services agreement, announced last month.

The project will u lise the Company's Visual Insight System - its proprietary,dynamic, interac ve pla orm for knowledge sharing, data re-mining and cross-discipline collabora on and connec on. The project involves mobile data capture from consumers across the world, and automated classifica on and analysis of the data using AI. The client will also have access to the secure pla orm to perform further analysis of the video data and to create video playlists to connect global stakeholders to a shared view of key customer groups.

Kirsty Fuller, Chief Executive Officer of Big Sofa Technologies, commented:

"In the Final Results Announcement last month, I outlined the three pillars to Big Sofa Technologies' strategic roadmap, including Visual Insight System delivery to end clients. Since then, we have agreed service agreements with a number of new clients as the first step towards execu ng one of the Company's strategic objec ves: to build on our direct-to-client successes. This contract win marks the first material contract with this global clothing brand since securing a mater service agreement with them last month and marks further progress against the strategic goals that we set earlier in the year."

Enquiries
Big Sofa Technologies Group plc	+44	(0) 20 7357 0033
Kirsty Fuller, CEO
Joe MacCarthy, CFO
Arden Partners plc (Nominated Adviser and Broker)	+44	(0)20 7614 5900
Paul Shackleton / Ben Cryer
Novum Securities (Joint Broker)	+44	(0)20 7399 9427
Colin Rowbury

About Big Sofa Technologies Group plc

Big Sofa Technologies is an insight-led technology company. The design and development of our technology has been guided by expert understanding of the insight and analy cs industries and the needs, pressures and business questions of the clients they serve.

We uncover and analyse new-to-the-industry behavioural data sets in video, enabled by the power of our pioneering data capture and pla orm technology. We are innova ng both in how video-led projects and programmes are designed and in how the data is analysed, showcased, embedded and re-mined.

Our so ware pla orm collates, analyses and organises large volumes of raw/unstructured video enabling our clients, which include leading market research and data companies and major household brands, to perform detailed and sophisticated consumer insight analysis and make genuine use of video content.

Big Sofa Technologies' shares are admi ed to trading on the London Stock Exchange's AIM market under the cker BST.L.

To find out more, visit www.bigsofatech.com

Follow us on twitter at @bigsofatech

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