SMRT.L Regulatory News (SMRT)

29 September 2016

RedstoneConnect Plc

("RedstoneConnect" or the "Company")

RedstoneConnect to design smart city retail solution for Milton Keynes

RedstoneConnect(AIM: REDS), a leading provider of technology and services for smart buildings and commercial spaces, has been awarded a contract to help define a digital framework that will shape a smart retail and car parking offering, including the development of a digital retail centre wayfinding app, in Milton Keynes City Centre.

The contract is part of a wider Milton Keynes City Centre redevelopment project that will include refitting existing retail space and developing new car parking facilities, which forms an important component towards Milton Keynes' ambition of becoming a smart city.

The initial phase will see RedstoneConnect set out a framework for the future digital platform for the retail space, covering key aspects such as smart car parking and payment, customer relationship management and digital wayfinding solutions.

In addition, RedstoneConnect has been contracted to develop a digital wayfinding mobile application and interactive kiosk directories, which will support visitors to the existing Milton Keynes retail centre and the surrounding area.

This initial consulting phase of the contract will be completed by October 2016 with additional scope for RedstoneConnect to participate in the build and maintenance of the project during 2017.

Mark Braund, CEO of RedstoneConnect commented:

"We are delighted to be collaborating on what we believe is fast becoming one of the most important smart city initiatives in the UK. The integrated nature of this project, with its blend of smart car parking, payment, wayfinding, retail loyalty and customer relationship management solutions, is testament to RedstoneConnect's ability to provide a diverse range of solutions and marks an important milestone in the Company's ambition to deliver future smart city solutions around the world."

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About RedstoneConnect Plc

RedstoneConnect is focused on technologies that make real estate more efficient and businesses more effective. Its businesses, Redstone and Connect IB, provide the infrastructure capabilities and the software applications to deliver smart building and smart workspace solutions for commercial businesses, public sector organisations, real estate owners and managers. Visit our website at www.redstoneconnectplc.com.