Last checked at 26 Oct 2012 07:00
26th October 2012
Pinnacle Technology Group plc (AIM: PINN)
("Pinnacle" or the "Company")
Successful trial of Super Wireless High-Speed Broadband service for the Cheltenham area.
Pinnacle Technology Group plc, the AIM listed provider of cloud based technology solutions, is delighted to announce that it has successfully completed its testing of a new high-speed wireless broadband technology, which was offered to 15,000 users in the Cheltenham area. The trial delivered speeds up to 100Mbs, over distances of up to 6 kilometres utilising 5.8 GHz, whilst smartphone users received up to 20Mbs, utilising 2.4 GHz over distances of up to 1 kilometre.
Pinnacle transmitters were sited in the city centre and out towards the Racecourse, where tests were run to identify where the new service could be offered commercially. The service was installed by Pinnacle, whose customers include the BBC for outside broadcast connectivity and Cheltenham Festivals for connectivity and Wi-Fi.
The Company will now evaluate whether a new Cheltenham area commercial service should be offered. The new service would use high capacity fibre links to the Internet, allowing businesses and homes across the city to be connected in a variety of ways. Customers close to a main transmitter would be able to log onto the Pinnacle system direct from a computer, tablet, smartphone or other device. Others would be able to connect using a small Pinnacle receiver, making it possible to use the service at up to 5 miles from a Pinnacle base station.
London Stock Exchange Investor Show
Shareholders are reminded that Alan Bonner, CEO of Pinnacle, will present Pinnacle's strategy for growth, to investors at the London Stock Exchange, AIM Auditorium, London Investor Show, today at 3:15pm.
This one-day event held at London Olympia, is geared towards providing education and information to traders and investors of all levels. Alan Bonner will be available to speak with individual investors after the formal presentations. More information can be found at http://www.londoninvestorshow.com
Alan Bonner, CEO of Pinnacle, said:"Traditional broadband in the Cheltenham area is very poor. Pinnacle's successful developments in high-profile outdoor events, coupled with our envious capability in the deployment of IT Security, will allow us to create a new service, which will deliver secure high-speed Internet access over wireless technologies, at speeds up to 100Mbs, over distances of up to 5 miles, and at a very competitive cost to the customer."
All Company announcements & news can be found on http://www.pinn.uk.com
For further information please contact: | |
Pinnacle Technology Group plc | |
Alan J Bonner, Chief Executive | 0845 180 74 74 |
Zeus Capital Limited | |
Ross Andrews | 0161 831 15 12 |
Newgate Threadneedle | |
Caroline Evans-Jones/ Robyn McConnachie | 0207 653 98 50 |
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.
Broad experience, innovation and impartial expertise puts Pinnacle in best place to design and deliver cost effective new technology solutions for its customers. Pinnacle work with some of the most prestigious organisations in the UK, who rely on us to deliver robust technical solutions that deliver value.
The Company has very strong capability in advanced IT Security and is the UK and Ireland McAfee Partner of the Year, the EMEA CA Partner of the Year and a Platinum Partner for Sophos.
Pinnacle is a fully licensed Public Telephone Operator, has its own telephone network and interconnects with BT, Cable and Wireless and Virgin Media. 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 its revenues by 886% since Pinnacle's involvement on the Alternative Investment Market in 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.