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Gas Detection Leader Announces Contract Expansion and Renewal

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%SafetyMonitoring devices are a critical need for many industries—to prevent injuries, to comply with applicable laws and regulations and to reduce costs. This leader in connectivity safety technology company just secured a large renewal.

%BlacklineSafety ($BLN) announced in its press release today that a leading western Canada-based energy, utility and transportation company renewed and expanded its contract with the company.

According to the firm’s Chief Growth Officer, Sean Stinson, “This renewal and expansion of our now 10-year customer relationship is continued proof of the value of our hardware-enabled software-as-a-service model. Not only do customers renew their investments with Blackline, but they expand them to bolster their safety programs with the latest technology.”

While shares initially rose on the news, the downward trend of today’s markets pushed prices down, and BLN was trading at $1.55.

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