CloudCoCo Regulatory News (CLCO)

20th June 2012

Pinnacle Technology Group plc

("Pinnacle" or the "Company")

Contract Win - BBC Radio1 Big Weekend

Pinnacle selected to deliver the BBC's largest event ever broadcast over IP technology.

Pinnacle Technology Group plc (AIM: PINN) the AIM listed provider of cloud based technology solutions, announces that it has been awarded a contract to provide the data connectivity for BBC Radio 1's Big Weekend, which will be held at Hackney Marshes on 23rd and 24th June 2012.

BBC Radio 1's Hackney Weekend is the UK's biggest free-ticketed festival. The festival consists of over 100 acts which this year will include Rihanna, will.i.am, Kasabian, Jessie J, Florence + the Machine and Leona Lewis.

The event will be broadcast over BBC Radio 1, BBC Radio 1Xtra, BBC Three on TV and on the Red Button and will be the BBC's largest event ever broadcast over IP technology. All previous events have been broadcast using satellite services, but Hackney Weekend will use Pinnacle's fibre links to deliver the broadcast streams for both TV pictures and sound, delivered over IP technology.

This contract stems from Pinnacle's strong relationship with the BBC, for whom it has now completed over 150 contracts since the start of the current financial year; delivering complex broadcast solutions at significantly reduced costs in comparison to traditional broadcast methods. The events include Trooping the Colour, Cheltenham Gold Cup, the Grand National, Strictly Come Dancing, the London Marathon and the Scottish and Welsh Elections.

Queen's Jubilee Celebrations - At the recent Queen's Diamond Jubilee celebrations, Pinnacle successfully supplied secure data network services for BBC news, BBC International and BBC Events, CNN and Globecast. These organisations in turn supplied broadcasters from France, Germany and Australia using Pinnacle's services. Over 120 data circuits were installed at Buckingham Palace, Canada Gate, Green Park, Tower Bridge, Victoria Embankment, The Mall, Battersea Park, Tate Modern, Wellington Barracks, Knightsbridge Barracks, Billingsgate, Whitehall, The Palace of Westminster, St Paul's, Convoys Wharf and Trafalgar Square.

Commenting on the contract win, Alan Bonner, CEO of Pinnacle, said: "It's great to be delivering BBC Radio 1's Big Weekend again, the largest event ever broadcast over IP technology. Our ability to deliver mission critical secure data circuits for broadcast coverage for such complex and high profile events, is testament to the complex IP skills and knowledge within the enlarged Pinnacle organisation and just one area in which we are now consistently out-performing our peers. With a comprehensive product suite and a large customer base providing solid recurring revenue, we continue to view the future with confidence."

All Company announcements & news can be found on http://www.pinn.uk.com

Notes to editors

About Pinnacle

Pinnacle Technology Group plc (AIM: PINN) focuses on the business market across the UK. Driven by leveraging organic opportunities as well as through targeted acquisitions, we provide a wide range of converged managed solutions including Managed Support Services, Unified Communications and Collaboration, Communications and Mobility, Software as a Service (SaaS) and Infrastructure services.

Pinnacle is a fully licensed Public Telephone Operator, has its own telephone network and interconnects with BT, Virgin Media and THUS. It has its own hosted voice (VoIP) platforms and engineers and owns Scotland's oldest ISP (and a founder member of Nominet), operating from its data centres in Glasgow, London and Brighton. 

The Group has grown revenues 740% since 2007 and aims to build a £50m business, by leveraging organic opportunities as well as through targeted acquisitions. We create solutions that join together a company's three core networks (IT network, telephony network and mobile network). Our strategy of cross-selling the five elements of our converged managed services offering is now delivering positive results.