TIDMSMRT

RNS Number : 5488C

Smartspace Software PLC

11 February 2020

11 February 2020

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

SmartSpace Software Plc

("SmartSpace" or the "Company" or the "Group")

PARTNER EVOKO LAUNCHES NEXT GENERATION MEETING ROOM PANEL 'NASO'

-Creates significant opportunity for SmartSpace-

SmartSpace Software Plc, (AIM:SMRT) the leading provider of 'Integrated Space Management Software' for smart buildings, commercial spaces and hospitality, is pleased to announce a new channel for the sale of its software on a SaaS basis through its partnership with Evoko, the market leading manufacturer of meeting room panels.

Evoko has today announced the launch of Naso, its next generation meeting room panel. Naso will be showcased to Evoko partners from around the globe attending the ISE trade show in Amsterdam.

As well as offering enhanced meeting room functionality built into the new Naso panel, Evoko will offer integrated software on a subscription basis enabling users to manage bookings via Microsoft Outlook and a new Naso App. In addition, users can subscribe for additional modules to help them manage desks and provide visitor management functionality, giving customers a completely integrated workplace management solution.

SmartSpace has worked with Evoko as its exclusive software partner to create the Naso software suite and its share of the revenues expected to be generated from the sale of Naso panels and associated software subscriptions helps support the Group's expectations for the 2021 financial year.

Commenting on today's news Richard Gluckman, CEO of Evoko, said: "Evoko Naso is our next generation product and builds on the success and experience from having developed room booking systems since 2009. It takes us beyond room booking and brings pleasurable professional advantages to the entire modern workplace. Naso has been in development since 2018 so we are now very happy to finally be able showcase it to our partners for the first time".

Frank Beechinor, CEO of SmartSpace, said: "We have made a considerable investment over the past two years developing the software platform for Naso. We share Evoko's excitement at seeing this new generation meeting room platform finally launch in the market. This partnership exposes SmartSpace to Evoko's significant user base around the globe. The reputation of the Evoko brand combined with its direct and indirect channels create a potentially significant opportunity for SmartSpace".

Enquiries

 
 SmartSpace Software Plc                        via Lisa Baderoon 
  Frank Beechinor (CEO)                          - Head of Investor 
  Bruce Morrison (CFO)                           Relations 
 
  Lisa Baderoon (Head of Investor Relations) 
  lbaderoon@smartspaceplc.com                    +44(0) 7721 413 
                                                 496 
 N+1 Singer (NOMAD & Broker) 
  Shaun Dobson, Head of Corporate Finance 
  Lauren Kettle, Corporate Finance              +44 (0)20 7496 3000

Canaccord Genuity (Joint Broker) +44 (0) 20 7523 8000

Adam James

Georgina McCooke

About SmartSpace Software Plc

SmartSpace Software plc is a SaaS-based technology business, designing and building smart software solutions. The Company's software solutions in workspace and hospitality help transform employee and customer engagement with modules which include: desk management, meeting room management, wayfinding, car parking, visitor management, frictionless vending, ticketing, loyalty management and analytics. For more information go to: www.smartspaceplc.com

About Evoko

Evoko is a Swedish tech company who develop, market and sell innovative products that help modern meeting spaces to become more efficient. The first generation of Evoko room managers emerged in 2009 and received numerous awards for innovation and design. Today Evoko meeting solutions are deployed in more than 80 countries. For more information go to: www.evoko.se

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