Additional contract wins

RNS Number : 0376B

Coms PLC

27 February 2014

 



27 February 2014

Coms plc

("Coms" or the "Company")

Additional contract wins strengthen Coms' growth

Coms plc (AIM: COMS) is delighted to announce further business wins across the Company.  These will contribute to the revenue targets for the Company's financial year ending January 2015 and complement the recently published Trading Statement.

Recent contract awards total in excess of £1.73m worth of revenue and include:

·     Significant contract wins from a number of new channel partners worth a total of £696,000 revenue per annum. Primarily delivering hosted lines and calls, they also include the transference of IP traffic via SIP trunks.

·     Through its Redstone subsidiary, the Company has been awarded a contract totalling £499,000 to supply a Cisco converged network to a large commercial property company. Through this contract award, it consolidates the Company's ICT business to support its leading position in infrastructure provision.

·     Through its Redstone subsidiary, Coms was also awarded further infrastructure installations for:

o  two leading financial services client with a combined contract value of £128,000;

o  an energy company with a contract value of £55,000;

o  leading retailer. Contract worth £51,000;

o  a healthcare provider with a contract value of £39,000.

·     Coms' recent acquisition of CloudXL is already delivering additional revenue; the Company has secured a three month implementation of a new telephone system for a leading housing trust. With over 15,000 tenants and 8,100 homes, the diverse nature of the environment required the Company's specialist implementation programme. This contract is worth £111,000 in revenue and covers hardware provision and managed service support for the period.

·     Additionally, CloudXL has secured additional contract wins worth £25,000 with many recognisable high street names through the implementation of hardware and telephony services.

·     Coms Media has recently been awarded a contract to deliver a new season of 11 episodes of a documentary to an engaging, vivid and interesting satellite television channel. This award win is worth over £50,000, and puts the Company's creativity in front of a dedicated audience.

·     Additional contract wins including providing Computer Generated imagery (CGi) to a world renowned innovator in the field of home electronics, providing filming expertise to an unrivalled accountancy and consultancy firm and highly specialised Augmented Reality (AR) expertise and innovation to a global corporation who specialise in the provision of home security. Collectively, these contracts are worth £85,000

Dave Breith, CEO of Coms, commented: "Across our Company, we are being recognised in our abilities in delivering a range of services which are being utilised by a range of businesses across the world - from SME to multinational blue chip.  The revenue these contracts give us maintains the momentum we've developed. What is also extremely encouraging is the speed at which our new acquisitions have settled into our structure and the opportunities they are presenting to teams across the Company."

For further information, please contact:

Coms plc                                                              [phone]

David Breith (CEO)

Iain Ross (Chairman)

Newgate Threadneedle                                    [phone]

(PR)

Robyn McConnachie

Notes to Editors

About Coms

Established in 2005, Coms is an end-to-end provider of telecommunications and IT services to business and industry. From hosted VoIP telephony to smart buildings to broadband to business infrastructure, Coms offers an unrivalled service built on innovation, passion and dedication. Unlike most VoIP providers, Coms does not rely on third party providers and we own and operate a UK based Carrier Class telephony platform. For more information, please visit www.coms.com.

 

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