CTP.L Regulatory News (CTP)

1 Oct 2007 07:01

Redstone PLC01 October 2007 REDSTONE PLC ("Redstone" or "the Group") Redstone to provide Meteor Mobile Communications with €1.2m HP technology 1st October 2007, Redstone plc (AIM:RED.L), the national IT & Communicationssolutions provider, today announces that it has agreed to provide Meteor MobileCommunications ("Meteor") with an HP-based server and storage platform worth€1.2m. Redstone Technology, a division of Redstone, will be responsible for designing,installing and supporting the platform of a new billing system for Meteor,Ireland's fastest expanding mobile operator. Tony Stewart-Lord, Meteor Mobile Communications IT Director, said, "Meteor,Ireland's fastest growing network now has over 875,000 customers and over 18%market share. Our partnership with a reputable company like Redstone and theinstallation of the new HP platforms again reinforces our dedication toproviding the optimum customer experience to all of our customers." Martin Balaam, Chief Executive Officer, Redstone, commented, "I am pleased tosee that, following our successes with the winning of large contracts byRedstone Converged Solutions, this division, Redstone Technology, is alsosecuring business that is significant for the Group. "Our aim with Redstone Technology is to expand its scale beyond that of theRepublic of Ireland and begin to secure business in the UK. The fact thatRedstone is the leading provider of HP related technologies in Ireland andcapable of winning significant contracts strengthens my belief that we will besuccessful in doing so." 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 626Mike Smith Investec Tel. +44 (0)20 7597 4000James SandfordBen Poynter This information is provided by RNS The company news service from the London Stock Exchange