RCS - RedstoneConnect PLC - Contract win for smart retail software platform <Origin Href="QuoteRef">REDS.L</Origin>

Smartspace SoftwareAnnouncement

17/05/2017 07:06

RNS Number : 3513F
RedstoneConnect PLC
17 May 2017
17 May 2017
RedstoneConnect Plc
("RedstoneConnect", the "Group" or the "Company")
CONTRACT WIN
RedstoneConnect deploys proprietary
smart retail software platform in Milton Keynes
RedstoneConnect (AIM: REDS), a leading provider of technology and services for smart buildings and commercial spaces, is pleased to announce it has secured a five year software licence agreement to deploy its proprietary Connect Digital Platform retail solution at thecentre:mk in Milton Keynes. 
The agreement, awarded by owners of thecentre:mk, Hermes, will see RedstoneConnect support new smart car parking, wayfinding, customer data management as well as CRM driven loyalty applications, reaching the 30 million visitors to thecentre:mk per annum. The contract will generate approximately 500,000 in both annuity and volume driven licence income for the Company over the term of the licence agreement.
Prior to this agreement, RedstoneConnect carried out a detailed digital feasibility study and audit in conjunction with thecentre:mk, from which a comprehensive smart digital framework has been defined, agreed and is now being implemented. This seamless approach adopted by RedstoneConnect highlights the Company's end-to-end smart solution capabilities and is complementary to the wider redevelopment project to develop Milton Keynes into the UK's first 'smart city'. 
Mark Braund, CEO of RedstoneConnect, commented:
"This is an exciting win for RedstoneConnect as we deploy our smart software applications following a detailed period of consultation by both the Company and thecentre:mk. Once installed, our smart solutions will revolutionise the retail experience for both customers and retailers alike at thecentre@mk. 
"Retail and leisure remain key sectors for our business as we seek to deploy our smart office and smart city solutions globally."
Enquiries:
RedstoneConnect Plc
Mark Braund (CEO)
Spencer Dredge (CFO)
via Vigo Communications
Cantor Fitzgerald Europe (Nominated Adviser & Joint Broker)
Marc Milmo/Phil Davies/Catherine Leftley/Callum Butterfield
+44 (0)20 7894 7000
Whitman Howard Limited (Joint Broker)
Nick Lovering
+44 (0)207 659 1234
Vigo Communications (Financial Public Relations)
Jeremy Garcia / Ben Simons / Antonia Pollock
reds@vigocomms.com
+44 (0)20 7830 9700
About RedstoneConnect 
RedstoneConnect is focused on technologies that make real estate more efficient and businesses more effective. Its businesses, Redstone, Connect IB, Commensus and Anders + Kern 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.

This information is provided by RNS
The company news service from the London Stock Exchange
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