TIDMREDS

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 GBP500,000 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                      via Vigo Communications 
  Mark Braund (CEO) 
  Spencer Dredge (CFO) 
 Cantor Fitzgerald Europe (Nominated 
  Adviser & Joint Broker) 
  Marc Milmo/Phil Davies/Catherine        +44 (0)20 7894 
  Leftley/Callum Butterfield               7000 
 Whitman Howard Limited (Joint Broker)    +44 (0)207 659 
  Nick Lovering                            1234 
 Vigo Communications (Financial 
  Public Relations) 
  Jeremy Garcia / Ben Simons / Antonia 
  Pollock                                 +44 (0)20 7830 
  reds@vigocomms.com                       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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May 17, 2017 02:00 ET (06:00 GMT)

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