Update on New Contracts

RNS Number : 8877W

Coms PLC

06 January 2014

 



6 January 2014

Coms plc

("Coms" or the "Company")

Coms plc announces multiple contract wins

Coms plc (AIM: COMS) is delighted to announce the recent award of a number of new contracts that focus on the delivery of its innovative connectivity and communication services.  With work beginning early in the New Year, these contracts will start making a contribution to the Company during the year ending January 2015.

In summary, the contracts awarded include:

·      a contract to supply telecommunications solutions including hardware, hosted seats and broadband to a brand new division of a blue-chip multinational company.  Providing services to over 1000 users, this contract will be worth £850,000 per year;

·      a data centre project for a leading UK university worth £460,000, with the design process starting in Spring 2014;

·      an infrastructure project worth £330,000 at the headquarters of a major commercial law firm;

·      an infrastructure project worth £250,000 for the London offices of an international bank, with installation scheduled for completion in March 2014;

·      a contract to supply 600+ broadband lines each month for the next 12 months, starting today with estimated annual revenues of £108,000.

Dave Breith, CEO of Coms, commented: "We are delighted to announce the award of these contracts. Across our business, we are being chosen for our expertise and application of innovative techniques.  These contracts enable Coms to start 2014 with confidence in our ability to deliver end to end communication and connectivity solutions to UK industry.  We anticipate 2014 will be a transformational year for Coms and we look forward to announcing more contract wins as the year progresses."

For further information, please contact:

Coms plc                                                          [phone]

David Breith (CEO)

Iain Ross (Chairman)

Charles Stanley Securities                           [phone]

(Nominated Adviser and Joint Broker)

Karri Vuori / Philip Davies

SI Capital Limited                                           [phone]

(Joint Broker)

Andy Thacker / Nick Emerson

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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