Elektron Technology plc

("Elektron" or the "Company")

Change of Name

Further to the announcement on 3 September 2019, Elektron Technology plc is pleased to announce, that it has received the change of name certificate from Companies House and accordingly it has changed its name to Checkit plc.

With effect from 8:00am on 4 October 2019, trading will commence under the Company's new name and new ticker, 'CKT'. The ISIN and SEDOL codes remain unchanged.

The new website will also be available from 4 October 2019 at www.checkit.net.

Additionally, Next Control Systems Limited which was acquired in May 2019 will change its name to Checkit UK Limited.

The change of name reflects the fundamental transformation of the Group, from an electronics manufacturer to a SaaS (software as a service) company focussed on the fast growing field of real-time operations management.

Commenting Keith Daley, Executive Chairman, said:

"The Checkit/Next integration is progressing to plan and a new management team is in place to take the business to the next level. We relish the opportunities ahead of us."

For further enquiries:

Elektron plc                                                                                                         +44 (0) 1223 371 000 

Keith Daley (Executive Chairman)                                                                                                                

Andrew Weatherstone (Chief Financial Officer & Company Secretary)   

Yellowstone Advisory (Investor Relations)

Alex Schlich                                                                                                                      +44 (0) 7710 164 120

N+1 Singer (Nominated Adviser & Broker)                                            

Shaun Dobson / George Tzimas (Corporate Finance)                                          +44 (0) 20 7496 3000 

Rachel Hayes (Corporate Broking)                                                            

Notes to Editors:

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. https://www.checkit.net