TIDMREDS

RNS Number : 4681Y

RedstoneConnect PLC

05 December 2017

5 December 2017

RedstoneConnect Plc

("RedstoneConnect" or the "Company")

Multi-million pound OEM for OneSpace

OneSpace(TM) to be embedded into global technology organisation's product stack

RedstoneConnect (AIM: REDS), a leading provider of technology and services for smart buildings and commercial spaces, is pleased to announce it has signed an OEM ('Original Equipment Manufacturer') contract for OneSpace(TM), the Company's workspace occupancy management software solution, with a market-leading global technology business (the "Client").

The contract is worth in excess of GBP2 million and allows the Client to embed OneSpace(TM) into their hardware solutions.

Mark Braund, CEO of RedstoneConnect commented:

"Not only is this the single largest contract we have signed for OneSpace(TM), but it is also our first major contract to embed our software into a third party solution. We have previously made the market aware of our ambitions to sell OneSpace(TM) through both direct and indirect channels and this is the first of what we believe to be a number of deals as we look to build our distribution network internationally.

"To secure a contract with an organisation with the scale and market reach of the Client is a fantastic endorsement of the quality of our OneSpace(TM) platform. It also aligns with our ambition to become a leading solutions provider in the smart workplace market, as we continue to experience positive momentum across RedstoneConnect's business divisions."

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 Plc

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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