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Annual Report for FY23

Eagle Eye Annual Report FY23

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Untie Nots Secures First Contract Win in Singapore

Untie Nots Secures First Contract Win in Singapore

Eagle Eye, a leading SaaS technology company that creates digital connections enabling personalised, real-time marketing through coupons, loyalty, apps, subscriptions and gift services, is pleased to announce that Untie Nots, the personalised promotions business acquired by Eagle Eye in January 2023, has secured a multi-year contract with NTUC FairPrice Co-Operative Ltd (FairPrice), a subsidiary of the FairPrice Group (FPG), Singapore's largest retailer. FairPrice has selected Untie Nots to deliver loyalty challenges within its existing Linkpoints loyalty programme. Introduced via Eagle Eye, this is the first win for the Group in Singapore, demonstrating the benefit to Untie Nots of Eagle Eye's international marketing reach and the speed of the sales cycle for the Untie Nots offering.

The Untie Nots Challenges platform will enable FPG to offer its customers highly personalised, gamified promotions at scale and to expand its digital customer base. Currently, more than one million users open the FPG app every month, and the FPG app has recorded a 100 per cent year-on-year growth in its digitally connected customers since the first quarter of 2022. The multi-year contract covers FPG's entire digital ecosystem of grocery, convenience, and food courts across Singapore, totalling over 2,000 touchpoints across individual food stalls across more than 70 food courts, supermarkets, pharmacies, and convenience stores. FPG customers will be able to benefit from hyper-personalised offers from early Q3 2023.

This new contract is testimony to the benefit of Eagle Eye's investment into international expansion and the initial marketing activities being carried out with Untie Nots, which are building a promising international sales pipeline.

Tim Mason, CEO of Eagle Eye, said: "We are delighted to have facilitated Untie Nots' entry into the Singapore market, just a few months post the acquisition, confirming our view that Untie Nots' AI-powered challenges solution will resonate with retailers globally. With a growing pipeline, we are focused on unlocking further opportunities alongside the Untie Nots team, supporting retailers in accelerating their digital promotions activities to retain and grow their customer bases."

Zyed Jamoussi and Cédric Chéreau, Untie Nots' Group Managing Directors commented: "We're excited to celebrate our partnership with Eagle Eye through our contract with FairPrice Group. It evidences the increased recognition of our solutions and the new opportunities available to Untie Nots by leveraging Eagle Eye's international presence."

Enquiries:

Eagle Eye Solutions Group plc
Tel: 0844 824 3686
Tim Mason, Chief Executive Officer
Lucy Sharman-Munday, Chief Financial Officer 

Investec Bank plc (Nominated Adviser & Joint Broker)
Tel: +44 20 7597 5970
Corporate Broking & PLC Advisory: David Anderson, Nick Prowting 

Shore Capital (Joint Broker)
Tel: +44 20 7408 4090
Corporate Advisory: Daniel Bush, David Coaten, Lucy Bowden
Corporate Broking: Henry Willcocks

Alma PR (Financial PR)
Tel: +44 20 3405 0205
Caroline Forde, Hannah Campbell, Kinvara Verdon

About Eagle Eye

Eagle Eye is a leading SaaS technology company transforming marketing by creating digital connections that enable personalised performance marketing in real-time through coupons, loyalty, apps, subscriptions and gift services.

Eagle Eye AIR enables the secure issuance and redemption of digital offers and rewards at scale across multiple channels, enabling a single customer view. The Group creates a network between merchants, brands and audiences to enable customer acquisition, interaction and retention at lower cost whilst driving marketing innovation.

The Company's current customer base comprises leading names in UK Grocery, Retail, Leisure and Food and Beverage sectors, including Asda, Sainsbury's, Tesco, Waitrose and John Lewis & Partners, Virgin Red, JD Sports, Pret A Manger, Greggs, Mitchells & Butlers, PizzaExpress; in North America, Loblaws, Shoppers Drug Mart, Southeastern Grocers and Staples US Retail and in Australia & New Zealand, Woolworths Group and The Warehouse Group. In January 2023, the Group acquired France-based Untie Nots, a personalised promotions business, adding Carrefour, E. Leclerc, Auchan and other leading brands to its European customer base.

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