23 Feb 2016 07:00
Coms plc
(the "Company" or the "Group")
Contract win
Coms plc (AIM:COMS), the leading provider of infrastructure and smart building solutions, is pleased to announce that its core operating division, Redstone, has won a strategically significant contract to design and install an in-building cellular system serving nearly one million square feet of office space in the city of London. The contract is for the UK Headquarters of one of Redstone's existing clients.
In-building cellular systems allow users to use their mobile phones and mobile-connected devices where signal would otherwise be an issue, so is relevant to all buildings and organisations where a connected workforce is important.
This in-building cellular project, worth some £0.75million, will see Redstone design and install technology from leading global wireless technology provider CommScope.
The deal is significant for Redstone on many fronts: the Company is the first smart building technology integrator to win an in-building cellular contract of this scale in the UK; it represents an example of one of our new range of smart building technology offerings; and it demonstrates Redstone's ability to cross-sell and upsell to its existing customer base.
The deal is also significant for Redstone's partnership with CommScope, because it represents the first sale of CommScope's ION-E technology in the UK. ION-E provides a number of advantages over other systems including its ability to make use of existing infrastructure and digital technology within a building, thereby reducing costs and simplifying installation.
Mark Braund, CEO of Coms plc, commented:
"In-building mobile coverage is important as mobility and BYOD (bring your own device) becomes the expected norm in today's smart working environments. Steel, concrete and infrastructure limits signal strength, often to zero, creating strong demand for increasingly sophisticated solutions to overcome this. In-building cellular systems are the answer.
By investing in skills and talent in late-2015, Redstone has quickly become first to market in the enterprise-scale smart building space with these solutions. We expect this market to grow rapidly in importance, providing Redstone with increased demand and helping us further extend our leadership position in providing smart building solutions."
-Ends-
For further information, please contact:
Coms plc
Mark Braund (CEO) +44 (0)207886 2976
Panmure Gordon & Co +44 (0)207886 2500
(Nominated Adviser and Joint Broker)
Karri Vuori or Mark Taylor
Whitman Howard Limited +44 (0)207659 1234
(Joint Broker)
Nick Lovering