RedstoneConnect PLC RedstoneConnect to deploy smart software platform

TIDMREDS

RedstoneConnect PLC

21 June 2017

21 June 2017

RedstoneConnect Plc

("RedstoneConnect" or the "Company")

Contract win

RedstoneConnect to deploy smart shopping centre software platform in Munich

RedstoneConnect (AIM: REDS), a leading provider of technology and services for smart buildings and commercial spaces, announces that it has secured a consulting and software mandate worth EUR0.75 million with TH Real Estate, one of the world's largest real estate investment managers, to develop and install a smart software solution for its PEP shopping centre in Munich, Germany.

The initial phase of the contract will see RedstoneConnect provide consultancy services in order to design the framework for a smart solution in the retail space. The project will culminate in RedstoneConnect's software platform 'Connect' being deployed as part of a major multi million euro refit of the shopping centre, due to go live in 2018.

The 'Connect' platform will enable shoppers to find shops, services or locate their car using in-centre wayfinding kiosks and a location aware smartphone app. All data generated through digital channels, including online and interactive directories, as well as the smartphone app will be managed by the Company's Wayfinding, CMS, CRM and MIS modules available through the 'Connect' platform. Key services including smart parking, location based services, Wi-Fi usage and audience measurement analytics will not only deliver greater operational insight but also improve the shopper experience.

Mark Braund, CEO of RedstoneConnect, commented:

"RedstoneConnect's track record in the design and installation of smart solutions across some of the highest profile commercial spaces was central in securing such a prestigious contract.

"Our unique ability to future-proof the retail experience for shoppers, coupled with our diverse range of solutions, which are capable of unlocking additional economic benefit for real estate owners, is a robust market proposition. We continue to succeed in securing contracts through our offering of consultancy, software platforms and applications, reinforcing the need for smart innovation within buildings, destinations and cities."

Enquiries:

 
 RedstoneConnect Plc                      via Vigo Communications 
  Mark Braund (CEO) 
  Spencer Dredge (CFO) 
 Cantor Fitzgerald Europe (Nominated 
  Adviser & Joint Broker) 
  Marc Milmo/Phil Davies/Catherine        [phone] 
  Leftley/Callum Butterfield               7000 
 Whitman Howard Limited (Joint Broker)    [phone] 
  Nick Lovering                            1234 
 Vigo Communications (Financial 
  Public Relations) 
  Jeremy Garcia / Ben Simons / Antonia 
  Pollock                                 [phone] 
  [e-mail]                       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.

About TH Real Estate

TH Real Estate, an investment affiliate of Nuveen (the investment management arm of TIAA), is one of the largest real estate investment managers in the world with c.$99bn in AUM. Managing a suite of nearly 80 funds and mandates spanning both debt and equity across diverse geographies, sectors, investment styles and vehicle types, we provide access to every aspect of real estate investing. With offices in 20 cities throughout the US, Europe and Asia-Pacific, over 500 professionals and 80 years of investing experience, the platform offers impressive local expertise coupled with a sophisticated global perspective.

Our investment, asset management and corporate strategies grow from a deep understanding of the structural trends that we believe will shape the future of real estate and responsible investing beyond market cycles. This 'Tomorrow's World' approach sits at the core of our investment process and business operations, informing our long-term view of real estate investments for the enduring benefit of both clients and society. www.threalestate.com

This information is provided by RNS

The company news service from the London Stock Exchange

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June 21, 2017 02:00 ET (06:00 GMT)