CTP.L Regulatory News (CTP)

8 May 2006 07:01

Redstone PLC08 May 2006 Redstone plc ("the Company") HP Ireland Awards 3 Year Outsourcing Contract to Redstone Technology Dublin, Ireland, 8th May 2006: Hewlett Packard Ireland Ltd and RedstoneTechnology Ltd, a subsidiary of Redstone plc, have signed a three year contractcovering the transfer of an element of HP's break-fix maintenance activity toRedstone. The transfer became effective from the 1st May 2006 and has a minimum contractterm of 3 years which will generate significant recurring revenues for Redstone. Redstone Technology will be providing support for HP's customers within theRepublic of Ireland and Northern Ireland as well as providing ad hocinstallation services. Martin Balaam, Redstone plc's CEO comments: "This is a significant contract forRedstone. It demonstrates Redstone's services excellence when a leading worldmanufacturer has the confidence to outsource some of its customer supportservices to you. I am delighted." Declan Van Esbeck, Redstone Technology MD stated: "This contract is anaffirmation of Redstone's position as a leading provider of HP-based services inIreland. I look forward to working closely with the HP Ireland team and welcomeaboard the transferring staff to Redstone Technology." ENQUIRIES: Redstone plc Tel. +44 (0) 845 200 2200Martin Balaam, Chief Executive ICIS Limited Tel. +44 (0) 20 7651 8688Tom Moriarty or +44 (0) 7769 937626Paul Youens This information is provided by RNS The company news service from the London Stock Exchange