If you would like to learn more about future focusIR related events and roundtables, please submit your details here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSMRT.L Regulatory News (SMRT)

  • There is currently no data for SMRT

Additional contract wins

27 Feb 2014 07:00

RNS Number : 0376B
Coms PLC
27 February 2014
 



27 February 2014

Coms plc

("Coms" or the "Company")

 

Additional contract wins strengthen Coms' growth

 

Coms plc (AIM: COMS) is delighted to announce further business wins across the Company. These will contribute to the revenue targets for the Company's financial year ending January 2015 and complement the recently published Trading Statement.

 

Recent contract awards total in excess of £1.73m worth of revenue and include:

 

· Significant contract wins from a number of new channel partners worth a total of £696,000 revenue per annum. Primarily delivering hosted lines and calls, they also include the transference of IP traffic via SIP trunks.

· Through its Redstone subsidiary, the Company has been awarded a contract totalling £499,000 to supply a Cisco converged network to a large commercial property company. Through this contract award, it consolidates the Company's ICT business to support its leading position in infrastructure provision.

· Through its Redstone subsidiary, Coms was also awarded further infrastructure installations for:

o two leading financial services client with a combined contract value of £128,000;

o an energy company with a contract value of £55,000;

o leading retailer. Contract worth £51,000;

o a healthcare provider with a contract value of £39,000.

· Coms' recent acquisition of CloudXL is already delivering additional revenue; the Company has secured a three month implementation of a new telephone system for a leading housing trust. With over 15,000 tenants and 8,100 homes, the diverse nature of the environment required the Company's specialist implementation programme. This contract is worth £111,000 in revenue and covers hardware provision and managed service support for the period.

· Additionally, CloudXL has secured additional contract wins worth £25,000 with many recognisable high street names through the implementation of hardware and telephony services.

· Coms Media has recently been awarded a contract to deliver a new season of 11 episodes of a documentary to an engaging, vivid and interesting satellite television channel. This award win is worth over £50,000, and puts the Company's creativity in front of a dedicated audience.

· Additional contract wins including providing Computer Generated imagery (CGi) to a world renowned innovator in the field of home electronics, providing filming expertise to an unrivalled accountancy and consultancy firm and highly specialised Augmented Reality (AR) expertise and innovation to a global corporation who specialise in the provision of home security. Collectively, these contracts are worth £85,000

 

Dave Breith, CEO of Coms, commented: "Across our Company, we are being recognised in our abilities in delivering a range of services which are being utilised by a range of businesses across the world - from SME to multinational blue chip. The revenue these contracts give us maintains the momentum we've developed. What is also extremely encouraging is the speed at which our new acquisitions have settled into our structure and the opportunities they are presenting to teams across the Company."

 

For further information, please contact:

 

Coms plc +44 (0) 207 148 3000

David Breith (CEO)

Iain Ross (Chairman)

 

Newgate Threadneedle +44 (0) 207 653 9858

(PR)

Robyn McConnachie

 

Notes to Editors

 

About Coms

 

Established in 2005, Coms is an end-to-end provider of telecommunications and IT services to business and industry. From hosted VoIP telephony to smart buildings to broadband to business infrastructure, Coms offers an unrivalled service built on innovation, passion and dedication. Unlike most VoIP providers, Coms does not rely on third party providers and we own and operate a UK based Carrier Class telephony platform. For more information, please visit www.coms.com.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
NRAQKADNOBKDPBB
Date   Source Headline
4th May 20201:50 pmRNSHolding(s) in Company
30th Apr 20202:27 pmRNSHolding(s) in Company
28th Apr 202011:05 amRNSSecond Price Monitoring Extn
28th Apr 202011:00 amRNSPrice Monitoring Extension
28th Apr 20207:00 amRNSSwipedOn Lockdown Activity
24th Apr 20203:36 pmRNSHolding(s) in Company
23rd Apr 20207:00 amRNSCovid-19 & Trading update
21st Apr 20205:54 pmRNSHolding(s) in Company
18th Mar 20208:22 amRNSHolding(s) in Company
9th Mar 20205:48 pmRNSHolding(s) in Company
12th Feb 20204:37 pmRNSHolding(s) in Company
11th Feb 20207:00 amRNSNext Generation Panel Launch via Evoko Partnership
31st Jan 20205:03 pmRNSHolding(s) in Company
30th Jan 20207:00 amRNSHolding(s) in Company
28th Jan 202012:10 pmRNSHolding(s) in Company
28th Jan 202011:00 amRNSHolding(s) in Company
23rd Jan 20207:00 amRNSTrading Statement
4th Nov 20192:01 pmRNSHolding(s) in Company
4th Nov 201912:14 pmRNSHolding(s) in Company
31st Oct 20197:00 amRNSInterim Results
31st Oct 20197:00 amRNSAcquisition and Placing
14th Oct 20197:00 amRNSAppointment of Joint Broker
29th Jul 201910:17 amRNSPresenting at Annual Growth Conference
26th Jul 20191:30 pmRNSResult of AGM
23rd Jul 20197:00 amRNSStrong progress at SwipedOn
3rd Jul 20197:00 amRNSNotice of AGM
14th Jun 20192:21 pmRNSHolding(s) in Company
13th Jun 201910:30 amRNSAvailability of 2019 Report & Accounts
8th May 20197:00 amRNSFinal Results
25th Apr 20197:00 amRNSNotification of Final Results
15th Apr 20197:00 amRNSChange of Registered Office
4th Mar 20197:00 amRNSTrading Update
30th Jan 20194:00 pmRNS£1.25 million Hospitality Contract Win
28th Nov 20187:00 amRNSContract Win with Leading International Bank
27th Nov 20187:01 amRNSBoard Changes
27th Nov 20187:00 amRNSChange of Adviser
26th Nov 20187:00 amRNSInternational Partnering Agreement
18th Oct 20184:45 pmRNSGrant of, and amendments to, Share Options
16th Oct 20187:01 amRNSAcquisition of Swiped On Limited
16th Oct 20187:00 amRNSHalf-year Report
9th Oct 201812:19 pmRNSNotice of Results
1st Aug 20185:08 pmRNSGrant of EMI Options
30th Jul 20182:51 pmRNSResult of AGM and Change of Name
6th Jul 20183:56 pmRNSNotice of AGM
18th Jun 20183:09 pmRNSCompletion of Disposal
15th Jun 201810:51 amRNSResult of General Meeting & Completion of Disposal
15th Jun 20187:00 amRNSDirectorate Change
29th May 20187:01 amRNSFinal Results
29th May 20187:00 amRNSProposed £21.6m cash disposal & Notice of GM
30th Apr 20187:00 amRNSTrading Update

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.