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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 aide 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.”

DB left 16 months ago, therefore it would be POINTLESS to have further contact with him. Move on and look forwards not backwards. It also seems pointless posting on REDS as every comment I've posted there has been deleted. It is clearly not worth the time or effort in posting anything.

Most of us who are shareholders have been keeping up with the REDS news and are patiently waiting as MB turns the company around. Clearly non-shareholders only embarrass themselves by posting out of date info. LOL

This is no surprise, many of us have been predicting this failure for over 2 years. Piers Linney has proved himself totally incompetent and no one should ever trust him again.

Vodafone may be funding it just because it would have an adverse effect on some of their customers if it failed now. Then eventually just before it goes out of business Vodafone will buy it for a nominal sum.

Katie The answer is: "NO"

Sadly under the old regime we saw many acquisitions that cost huge amounts to integrate but failed to deliver any tangible benefits. It is imperative following an acquisition to demonstrate how it fits in with the core business of the company and how it can lead to new contracts being obtained. The new BoD are clearly focussed at incorporating Connect IB's expertise within Redstone's core business to deliver something unique. I expect that we will see further similar contract wins particularly after news of this goes public in August.

Jamesy You say that the BoD experience is "Impressive"??????? I really think that you ought to do a bit more research, particularly with regard to what occurred at COMS. Impressive is not the word that COMS shareholders would use.

Fully agree, this is only going one way

I have never seen an RNS released for such a small amount. Less than £3,000 a week in revenue once it is in full operation. Surely this is just everyday business. Smacks of desperation sharing this in an RNS.

I made a small loss here after buying in May 2013 at £1.21 and selling 4 weeks later at £1.20, after concluding the company had no substance and that buying was based on PL's "Dragon" status. In between these dates it did reach £1.40 but has been on a downward spiral ever since. There has been some serious mismanagement here resulting is some big losses for shareholders. PL's reputation is in tatters, along with this business venture.

Hargreave Hale clearly saw this coming hence their selling large amounts of stock in February. I'd be surprised if OUT last another year. The end certainly is nigh.

I can see the MM's marking up the SP sharply on opening tomorrow.

The way this has been yo-yoing recently has encouraged me to do some short term trading with the intention of buying when under 450p and selling near to 500p. bought a week ago at 433p and sold today at 520p. Now waiting to buy back in again on the next drop.

A great article and a must read for ever COMS Shareholder or prospective COMS Shareholder. My favourite bit wasas followqs: "A major benefit of IoT gathering pace at the moment is the potential for transforming working environments; making them more cost effective, intelligent and agile. In fact, Gartner predict smart commercial buildings will account for 35% of the smart city market, driven through BIoT (Buildings Internet of Things) sensors. Between 2015 and 2020, IoT endpoints (or connected sensors) will increase five-fold, from an estimated 4.9 billion to 25 billion units while smart commercial buildings will accumulate 1,663% increase in installed IoT sensors over the same period, from 206.2 million units to 3.43 billion".

Chris Eldridge the new CEO of Interquest, Mark's old company and was interviewed by Proactive Investors. The following part of the interview relates to MB. "On the whole, Eldridge has been impressed with what he has inherited from predecessor Mark Braund. The management team is strong, while the company is very definitely in the “right working space”, he says. He is full of praise for Braund, who he points out had successfully driven the company into the real growth areas of technical recruitment – sectors such as security, analytics, big data and programmatic advertising. You can read the full interview at: http://www.proactiveinvestors.com/companies/news/124365/interquest-group-plc-s-new-chief-upbeat-on-prospects-for-specialist-recruiter-124365.html

I think today could well have been the bounce point leading us back up towards 2p+. If we reach 2.5+ during the rest of this year, 4p+ during 2017 and 5.5+ during 2018, I guess that most of us will be happy. Especially the Directors who should then be able to take up ALL their options.

Great timing mate, looks like you got back in below the price that the institutions paid.

Maybe not, but it would have been a serious blow had we not got the recertification.

Thanks Silver, another golden string to our bow. May the flow of good news continue.