CloudTag updates market after share price movement

CloudTag (CTAG:LN), the company that brings personal monitoring to wellbeing, fitness and digital health markets notes the recent increase in the Company’s share price.

The Company continues to actively progress its business strategy of commercialising its proprietary IP and technology, including the CloudTag Track wearable device. The Company will provide a quarterly commercial update to shareholders in due course following the previous Commercial Update on 9 June 2016.

Further to this announcement, the Company can clarify that Second Chance Limited (“Second Chance”) maintain their exclusivity to distribute the CloudTag Track in the EU and UK. The Commercial Update dated 9 June 2016 stated that the initial product delivery requirements with retailers and etailers had not then been concluded and, accordingly, orders for Q1 and Q2 agreed with Second Chance were allocated to H2 2016. These requirements have now been concluded and the current discussion is focussed on launch exclusivity periods.

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