CTP.L Regulatory News (CTP)

10 Oct 2006 07:02

Redstone PLC10 October 2006 Redstone plc ("Redstone" or "the Group") Redstone's class act wins 3 year contract extension with exam boards 10 October 2006 - Redstone, a leading provider of IT & Communications solutionsin the UK and Ireland, today announces that its Managed Solutions division hasbeen awarded a three year contract with exam boards from England, Wales andN.Ireland expected to generate revenues in the region of £1 million per annum. Redstone's WebXchange, a high security web-based file transfer system developedin-house has been selected by a group of leading UK examination boards, for thesecure transfer of examination results. WebXchange is a highly encrypted Electronic Data Interchange system specificallyadapted to allow educational organisations to transfer large volumes of highlysensitive results data between examination boards and schools with high levelsof accuracy and speed whilst being cost efficient. WebXchange's encryption andreporting facilities enable the progress of candidates' results to be trackedand allow users to ensure that all data is delivered safely to the specifiedlocation. Last academic year, WebXchange ensured that over 11 million results representing56% of all results were received by schools in a timely and efficient manner. The simplicity of the WebXchange system means that it is easily and efficientlyincorporated into an education establishment's existing processes. In order tooperate the system, all that is required is an internet connection and astandard web browser, along with a user ID for the service. Currently it is theonly product of its kind that does not require an installation of software andruns solely through a web portal. Further information on the WebXchange systemcan be found at: www.webxchange.co.uk. Martin Balaam, Chief Executive of Redstone commented, "It is very satisfyingthat having worked with the examination boards to provide an online secure filetransfer system, we have demonstrated that Redstone can provide the level ofreliability and security that is demanded for the fast transfer of highlysensitive data. "This contract represents a key area for Redstone - that of public projects aswell as those in the B2B arena - and this is part of our continued effort togrow revenues from our business conducted with the public sector" Ends. ENQUIRIES:Redstone plc Tel. +44 (0)845 200 2200Martin Balaam, Chief Executive OfficerTim Perks, Chief Financial Officer ICIS Limited Tel. +44 (0)20 7651 8688Tom Moriarty or +44 (0)7769 937 626Paul Youens This information is provided by RNS The company news service from the London Stock Exchange