CTP.L Regulatory News (CTP)

7 Nov 2007 07:01

Redstone PLC07 November 2007 Redstone plc ("Redstone" or "the Group") Redstone secures £13m project for White City Shopping Centre 7th November, 2007, Redstone, a leading provider of integrated IT &Communications Services, today announces that it has been awarded the contractto provide the IP solution for the Westfield shopping centre development inWhite City which will be Europe's largest in-town retail centre. The project isworth £13m and is due to be completed by the end of 2008. The 40 acre Westfield centre will house over 250 retail outlets, a 14 screencinema and a health spa. Redstone has been brought in to provide a top-end IPand communications system for the entire centre. Redstone's OneNet solution wasdeveloped for this form of "intelligent building" project, whereby the IPsolution allows all of the buildings functions to be controlled centrally inaddition to a state of the art communications network. Using Cisco technology,Redstone's solution will even allow individual staff members to correspondthroughout the entire centre using lapel badges with built in communicationunits. This is another large contract win for Redstone in the Converged Solutions area.Last year the Group announced a contract with Lancashire Building Schools forthe Future (BSF) worth up to £16m over 3 years for the initial stage involvingnine new schools out of a total of 60 to be built in the scheme. The Group alsoannounced last month the winning of a regional support services contract withJPMorgan worth up to £13.4m over a period of up to five years. Having acquiredComunica in February this year to enhance the Group's Converged Solutionsdivision, Redstone is in an enviable position to be able to bid on and win theselarge scale, highly specialised IP infrastructure projects. Martin Balaam, CEO of Redstone plc, commented, "Being selected to provide ourOneNet solution to the largest in-town shopping centre in Europe shows how farRedstone has come in recent years. Our Converged Solutions division has shownthat it can repeat its success in winning these large contracts, particularlynow that the Comunica team has brought an additional array of expertise and keyrelationships, as with Westfield. Reaching the position where Redstone is able to announce over £30m in integratedIT & Communications contracts over the last 12 months is a great achievement. Weare active in bidding on similar projects and hope to repeat our successes inthis area." Redstone plc Tel. +44 (0)845 200 2200Martin Balaam, Chief Executive OfficerTim Perks, Chief Financial Officer Investec Tel. +44 (0)20 7597 4000James SandfordBen Poynter ICIS Limited Tel. +44 (0)20 7651 8688Tom Moriarty or +44 (0)7769 937 626Mike Smith This information is provided by RNS The company news service from the London Stock Exchange