RENFE-Operadora awards its e-notification contract to Lleida.net

Rhea-AI Summary

RENFE has awarded Lleida.net (OTCQX: LLEIF) a two-year e-notification contract, enhancing its service to communicate with customers and suppliers.

This contract underlines the growing acceptance of Lleida.net's technology within Spain's key economic sectors, according to CEO Sisco Sapena.

The company achieved €16.42 million in sales for 2020, a 20% increase from 2019, driven largely by a 59% growth in its SaaS segment.

Positive

• Awarded a two-year e-notification contract by RENFE, increasing business credibility.
• Achieved €16.42 million in sales for 2020, a 20% increase from 2019.
• SaaS segment grew by 59%, contributing €5.69 million to revenue.

Negative

• None.

MADRID, Feb. 16, 2021 /PRNewswire/ -- Spanish public railways operator RENFE has awarded Lleida.net (BME: LLN) (EPA: ALLLN) (OTCQX: LLEIF) its e-notification contract, for a period of two years.

From now on, the public company will use the Spanish technology company's patented technology to communicate reliably with customers and suppliers. 

"This new contract with RENFE-Operadora represents, once again, the success of the penetration of our technology among the most important players in the Spanish economy, which are so necessary for the improvement of competitiveness and processes, both internal and external," explained Sisco Sapena, CEO and founder of the company.

With 200 patents, it currently has one of the largest intellectual property portfolios in the digital signature industry worldwide.

Investment in intellectual property has given the company decades of rights to exploit its technology in more than 50 countries on five continents.

Today, its patented methods are recognised as valid for certifying legal notices in procurement processes by authorities in more than 75 countries.

The company recorded sales of €16.42 million in 2020 or 20 per cent more than in 2019.

This significant advance in the company's turnover was mainly a consequence of the boom in its Software as a Service (SaaS) line, which recorded an increase of €2.11 million, or 59 per cent, to €5.69 million.

The company is listed on the OTCQX index in New York, BME Growth in Madrid and Euronext Growth in Paris.

Media Contact:
The Paloma Project
Media
rpl@thepalomaproject.com
+356 7946 7486
https://Lleida.net

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SOURCE Lleida.net

FAQ

What is the significance of the RENFE contract for Lleida.net (LLEIF)?

The RENFE contract enhances Lleida.net's credibility and expands its customer base in Spain.

How much did Lleida.net (LLEIF) earn in 2020?

Lleida.net reported sales of €16.42 million in 2020, a 20% increase from the previous year.

What growth did Lleida.net (LLEIF) experience in its SaaS segment?

The SaaS segment grew by 59%, contributing €5.69 million to Lleida.net's total revenue.