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Snipp Interactive (TSXV:SPN) announces US$2 million contract renewal

Technology
TSXV:SPN
13 September 2022 15:15 (EDT)

Snipp (SPN) has signed a US$2 million renewal agreement with a U.S. multinational beverage company.

The agreement is through Snipp’s partnership with a top 5 global research and consulting firm.

After a successful pilot deployment of SnippREWARDS, the consulting firm has installed the software for the beverage company across 9 countries in the past 12 months, with additional countries planned over the next year.

SnippREWARDS allows clients to implement omni-channel, objectives-led, ROI-driven programs to incentivize and engage customers. It includes over 3,500 rewards available in over 45 countries and currencies.

Snipp is focused on additional growth opportunities through its consulting partner’s end customers.

“We are excited by the progress we have made over the past year with this leading American multinational beverage company and our client in the marketing research space,” stated Atul Sabharwal, Founder of Snipp. “The renewal order today is evidence that we are solving a problem for global brands who are showing increasing confidence in our ability to grow with them.”

Snipp Interactive is a global customer loyalty and promotions company developing disruptive engagement platforms that generate insights and drive sales.

Snipp (SPN) is up by 5 per cent, trading at $0.21 per share as of 3:03 pm EST.


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