POL.L Regulatory News (POL)

18 Oct 2005 07:01

Polaron PLC18 October 2005 Polaron plc Controls division wins three contracts in excess of £1.7 million Polaron plc, ("Polaron" or the "Company") the two strand technology group,announces that its Controls division has won three contracts for the provisionof building management systems which includes heating, ventilation, and airconditioning, with ISG InteriorExterior, part of construction servicesspecialist Interior Services Group plc ("ISG"). The total value of thesecontracts to Polaron is in excess of £1.7 million. DMS Controls, which was acquired by Polaron in July 2005 and subsequentlyincorporated into Polaron's Controls division, has begun work on all threecontracts. The first contract is with Dresdner Kleinwort Wasserstein Bank ("DrKW") at itsoffice in Gresham Street, London, the value of which is £1.13 million. The workis expected to be completed and ready for occupation in early 2006. DMS Controls has also won a contract with the Union Bank of Switzerland ("UBS")at its offices at 1 Broadgate, London. The contract is for an initial value of£0.24 million. The final contract is with The Royal Festival Hall, based at the South Bank,London and is valued at £0.39 million. Work is expected to be completed inFebruary 2007. Commenting on the contract gains, Joe Stelzer CEO of Polaron plc said: "We are delighted that DMS Controls, a recent addition to the Company, has wonthree contracts which add to Polaron's high profile client list, furtherstrengthen the Controls division and underline the reputation of ourmarket-leading service and products." For further enquiries please contact: Polaron plc Tel: 01923 495 513Joe StelzerFraser Searle Financial Dynamics Tel: 0207 831 3113Juliet Clarke/Hannah Sloane Editor's notes: DMS Controls, which was founded in 2000, provides solutions over a number ofdisciplines: building management systems, HVAC, fire detection systems, voicealarm and public address, CCTV, access control and associated maintenanceservices. It is the largest UK installer of Automated Logic Corporation buildingmanagement systems product in the UK and is an accredited Trend buildingmanagement system technology centre. DMS has a large portfolio of clientsincluding Royal Bank of Scotland, Roche Pharmaceuticals, Cable & Wireless,Fujitsu, Hilton Hotels and the BBC. This information is provided by RNS The company news service from the London Stock Exchange