Contract Win

RNS Number : 4595F

RedstoneConnect PLC

28 July 2016

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014

28 July 2016

RedstoneConnect Plc

("RedstoneConnect" or the "Group")

RedstoneConnect secures three year agreement with UBS for

OneSpace™ Smart Working Solution

RedstoneConnect Plc (AIM: REDS), a leading provider of technology and services for smart buildings and commercial spaces, announces a new three year contract with UBS, the global financial services firm, to deploy the Group's award-winning workspace management software solution, OneSpace™, into a second UBS London office. OneSpace™ will manage all desks in the London campus with additional scope to broaden its deployment.

The newly agreed Software as a Service (SaaS) contract provides UBS with a flexible pricing model based on the number of desks being managed by OneSpace™, allowing UBS to rapidly add new desks and office locations, as required, throughout their global estate of 788 offices.

The new agreement follows a highly successful six month OneSpace™ pilot at UBS's Golden Lane offices in the City of London, which demonstrated that accurate analytics, delivered through a scalable software platform, can materially aid space optimisation. UBS has achieved increased occupancy levels and reduced operational costs at Golden Lane, with employees benefitting from a digitally enhanced work environment with real-time workspace management tools that improve mobility and productivity.

The next OneSpace™ installation as part of the new global services contract will be at UBS's new flagship London office at 5 Broadgate. The building will open shortly and is set to be one of Europe's leading smart buildings, providing an optimal location to demonstrate the full potential of OneSpace™.

Mark Braund, CEO of RedstoneConnect Plc, commented on the announcement:

"This annuity contract win is another significant milestone in our planned rollout of OneSpace™ as a next-generation software solution, bringing to life the material benefits of smart building technology. This expanded deployment for UBS demonstrates OneSpace's™ capability in both new-build and legacy real estate structures, and across both individual offices and portfolios of properties.

"Early adopters of OneSpace™ have significantly benefitted in the optimisation and productivity of their office space, ultimately reducing operational costs as well as improving work force engagement and working environment."

Enquiries

RedstoneConnect Plc Mark Braund (CEO) Spencer Dredge (CFO)	[phone]
Panmure Gordon (UK) Limited (Nominated Adviser and Joint Broker) Karri Vuori / Adam James / James Greenwood	[phone]
Whitman Howard Limited (Joint Broker) Nick Lovering	[phone]
Vigo Communications (Financial Public Relations) Jeremy Garcia / Ben Simons / Antonia Pollock [e-mail]	[phone]

About RedstoneConnect Plc

RedstoneConnect is focused on technologies that make real estate more efficient and businesses more effective. Its core businesses, Redstone and Connect IB, provide the infrastructure capabilities and the software applications to deliver smart building and smart workspace solutions for commercial businesses, public sector organisations, real estate owners and managers. 

About OneSpace™

OneSpace™ is a software solution, available as a SaaS offering or on a traditional licence basis. The software provides real time measurement and analysis of occupancy trends, delivering optimisation of office space environments. This enables organisations to maximise the utilisation of space, ultimately reducing operational costs at the same time as improving work force engagement and the working environment. OneSpace™ is a functionally rich software platform, enabled over any device, empowering both employees and managers alike, resulting in a more collaborative and effective work environment. OneSpace™ is a pure software solution that requires no significant investment in hardware, making it cost effective and rapidly configurable for any space anywhere in the world.

About UBS

UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. The operational structure of the Group is comprised of its Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. UBS's strategy builds on the strengths of all of its businesses and focuses its efforts on areas in which it excels, while seeking to capitalize on the compelling growth prospects in the businesses and regions in which it operates, in order to generate attractive and sustainable returns for its shareholders. All of its businesses are capital-efficient and benefit from a strong competitive position in their targeted markets.

 

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