RedstoneConnect extends IBC and DAS deployment

RNS Number : 7688R

RedstoneConnect PLC

26 September 2017

 

26 September 2017

RedstoneConnect plc

("RedstoneConnect" or "the Company")

CONTRACT WIN

RedstoneConnect extends IBC and DAS deployment

RedstoneConnect (AIM: REDS), a leading provider of technology and services for smart buildings and commercial spaces, has secured two new agreements for its In-Building Cellular ("IBC") and Distributed Antenna Systems ("DAS")solutions,further extending the Company's reach into the Financial Services sector.

The first agreement is to both install and manage an IBC solution at the new London headquarters of a leading global investment bank. This will deliver reliable and continuous mobile coverage across the entire of the 850,000 sq. ft. site forall 6,500 staff, as well as visitors and support teams, across all mobile networks. Construction is scheduled for completion by mid-2018.

The IBC solution utilises CrossFire distributed antenna technology, of which RedstoneConnect are exclusive distributors, and will enable the customer to provide the same service across its additional office locations within a 70km radius, while housing the mobile network operator equipment in the original location.

The second contract is for RedstoneConnect to provide an IBC and DAS solution for a global financial institution across two sites in Central London. The two offices occupy a combined area of almost 300,000 sq. ft. across 18 floors and accommodate over 5,000 people, ensuring reliable access to secure voice and data services.

The DAS and IBC solutions will be deployed to ensure reliable continuous mobile coverage across both sites and for all staff and visitors, with RedstoneConnect's unique service allowing the majority of the operator equipment to be housed at just one location and the IBC solution remotely deployed to the additional location.

Mark Braund, Chief Executive Officer, commented:

"RedstoneConnect's ability to deploy future-proof technology in a seamless and cost-efficient manner has been central in securing these high-profile contracts.

"Both our DAS and IBC products continue to gain sales momentum across our client base, further positioning our business as the provider of choice as enterprises further seek to future-proof their in-building mobile connectivity."

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.

 

END

 

 

NRAKELFLDKFZBBQ