Contract Win

RNS Number : 0945R

RedstoneConnect PLC

19 September 2017

 

19 September 2017

RedstoneConnect plc

("RedstoneConnect" or the "Company")

CONTRACT WIN

RedstoneConnect secures multi-million pound infrastructure contract

RedstoneConnect (AIM: REDS), a leading provider of technology and services for smart buildings and commercial spaces, is pleased to announce that it has secured a contract worth circa £5.5 million to provide IT infrastructure to a leading global financial institution ('the Client').

Part of this agreement will see the Company connect over 45,000 data points across a state of the art network housed within the Client's new flagship 850,000 sq. ft. London office.  Once completed, the building is expected to be one of the most technologically advanced in the UK.

The contract is expected to generate income for the Company in both the current financial year and the financial year ended 31 January 2019.

Mark Braund, CEO of RedstoneConnect, commented:

"This is a great win for RedstoneConnect and is our largest contract since we undertook the UBS installation in 2016. Having worked alongside the Client for a number of years, we are delighted to be contributing to what we believe will be one of the most technically advanced buildings in the UK.

"Given our track record and technical expertise in the field of smart technology, we hope to further support this highly prestigious client as they both evaluate and install additional infrastructure on this groundbreaking project."

Enquiries:

RedstoneConnect Plc Mark Braund (CEO) Spencer Dredge (CFO)	via Vigo Communications
Cantor Fitzgerald Europe (Nominated Adviser & Joint Broker) Marc Milmo/Phil Davies/Catherine Leftley/Callum Butterfield	[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 businesses, Redstone, Connect IB, Commensus and Anders + Kern 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. Visit our website at www.redstoneconnectplc.com.

 

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