Elektron Technology plc renamed Checkit plc - sale of Bulgin

Elektron Technology Plc changes its name to Checkit plc (AIM:CKT)

Checkit on track to lead in real-time operations management

Cambridge, UK, Oct. 4, 2019 - Last week Elektron Technology Plc announced it had successfully completed the divestment of its Bulgin business. In May this year Elektron announced the acquisition of Next Control Systems, a leader in temperature monitoring for healthcare and life sciences through its Tutela brand, and building energy management systems through its Next and Axon brands.

With both deals now successfully completed, the focus for the group is delivering smart technology for real-time operations. To convey the Group’s commitment to this growing market, Elektron Technology Plc has changed its name to Checkit plc. At the same time, Checkit Limited will change its name to Checkit Europe Limited and Next Control Systems Limited will become Checkit UK Limited.

The name changes reflect the fundamental transformation of the group from a specialist electronics manufacturer to a Software as a Service (SaaS) company. The new Checkit is putting all its resources and strategic effort to lead the real-time operations management market by providing its customers with technology and services that enable them to achieve operational excellence. Using Checkit’s smart technology, customers in many sectors, such as retail, hospitality, healthcare, real estate management and manufacturing can ensure consistency, productivity and compliance in their business operations.

Keith Daley, Executive Chair of Checkit plc says: “We’re on a mission to be the global leader in real-time operations management to enable our customers to run safe, smart and efficient businesses. The name changes more appropriately reflect the future of the group, and our customers can rest assured that we will continue to provide them with leading edge service and technology.”

About Checkit

Checkit’s real-time operations management software makes organisations smart, safe and efficient. Our products use Internet of Things (“IoT”), mobile and cloud technologies to ensure our customers get the best out of their mobile teams, processes and buildings. Checkit users operate in many sectors including retail, hospitality, healthcare, real estate management and manufacturing. Checkit is headquartered in Cambridge, UK with its operations centre in Fleet, UK and a sales and service office in California, USA. Find out more.

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