CTP.L Regulatory News (CTP)

29 May 2007 07:01

Redstone PLC29 May 2007 Redstone plc ("Redstone" or "the Group") Redstone wins 5 year SAN project with University College Dublin 29th May 2007 - Redstone, the national IT and Communications solutions provider,today announces that it has received orders to deliver the initial stage of afive year project to supply University College Dublin ("UCD") with a completeHewlett Packard ("HP") storage solution. As Ireland's preferred HP supplier, Redstone Technology will be supplying asolution capable of scaling up to a capacity of 300 terabytes and willultimately be one of the largest HP storage solutions installed in Ireland. Thevalue of the initial stage of the project is €730,000, with an ultimate projectvalue of up to €4.5m over 5 years. Redstone and UCD are implementing the solution to support the academic, teachingand research activities of the University's 3,000 staff and 22,000 under & postgraduate students across the 5 colleges and research institutes. Shaun Kennedy, CTO from UCD commented, "We evaluated all the options that wereopen to us to put in place a major storage solution that could fulfill ourexisting needs and, importantly, our future needs. Redstone put together themost compelling package combining excellent service levels, an understanding ofour requirements and trustworthy HP architecture. We look forward to workingwith them as preferred supplier and being able to securely store the wealth ofdata we generate here at UCD." Martin Balaam, CEO Redstone commented, "Following Redstone Converged Solutions'successful bid for the £16m Lancashire "Building Schools for the Future"project, I am delighted that our Technology division is also able to demonstratethat it can meet one of our key objectives and secure long term contracts ofsignificant value to the Group. "We have now shown that the Converged Solutions, Managed Solutions andTechnology divisions are all capable of winning these types of contracts - bothindependently and through collaboration with each other. The recent addition ofComunica to our Converged Solutions division increases our strengthsignificantly in bidding for large projects and I hope that we will continue oursuccess in these areas." 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