Pinnacle Technology Group PLC Mobile Digital Services Agreement (2478I)

TIDMPINN

RNS Number : 2478I

Pinnacle Technology Group PLC

24 March 2015

Pinnacle Technology Group PLC

("Pinnacle" or the "Company")

Mobile Digital Services Agreement

Pinnacle, the AIM listed provider of converged technology solutions, is pleased to announce that is has entered into a partnership agreement with O2, part of Telefonica (UK) Limited, enabling the Company to provide O2's mobile, digital and accredited public sector solution services to Pinnacle's client base. As part of the agreement, Pinnacle will be joining the exclusive category of O2's direct partner network and receive commercially advantageous terms.

The deal builds on the existing relationship between Pinnacle and O2 whereby, as an accredited supplier of mobile telephony solutions for O2, Pinnacle offers a wide range of flexible tariffs and contracts, with a variety of package options available.

This new agreement means that Pinnacle will partner with O2 in supporting its digital ambitions and also be able to access its digital supplier relationships- such as those with Microsoft and McAfee.

This agreement also enables Pinnacle to provide public sector organisations with a complete turnkey solution through the Public Services Network (PSN) framework. O2, as the first mobile network provider to become CAS(T) certified will, through its partnership with Pinnacle, enable the Company to offer enhanced IT security to the public sector. Taken together, Pinnacle's service offering represents a strong proposition to the public sector and the opportunity for the Company to meet the increasing market demand for heightened security capabilities to deal with electronic security threats.

Pinnacle CEO, Nicholas Scallan, said: "Our exciting partnership with O2 is another demonstration of our on-going commitment to offering clients technology, digital products and services that will significantly enhance their business.

We further believe that being able to offer both existing and new public sector clients PSN-assured services is highly appropriate in the current climate, where cyber security is increasingly important to both the public and private sectors."

 
For further information please contact: 
Pinnacle Technology Group plc 
 Nicholas Scallan, Chief Executive 
 James Dodd, Non-Executive Chairman           0208 185 6393 
 
  N+1 Singer (Nominated Adviser and Broker) 
  Ben Wright 
  Richard Salmond                               020 7496 3000 
 
  Beattie Communications                        0844 842 5490 
Chris Gilmour 
 David Walker 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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