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Coms Shares Rise As Redstone Wins In-Building Cellular System Deal

Tue, 23rd Feb 2016 08:28

LONDON (Alliance News) - 'Smart building' services company Coms PLC on Tuesday said its Redstone division has won a contract to design and install an in-building cellular system in London.

The system will allow people to use their mobile phones and mobile-connected devices where signal would otherwise be a problem.

The project is worth around GBP750,000 and will cover the UK headquarters of an existing, unnamed Redstone client.

"By investing in skills and talent in late-2015, Redstone has quickly become first to market in the enterprise-scale smart building space with these solutions. We expect this market to grow rapidly in importance, providing Redstone with increased demand and helping us further extend our leadership position in providing smart building solutions," said Mark Braund, Coms' chief executive.

Shares in Coms were up 11% on the news to 1.84 pence.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2016 Alliance News Limited. All Rights Reserved.

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