Redstone Connect is the new name for COMS - Link to old thread

RedstoneConnect Plc is focused on technologies that make real estate more efficient and organisations more effective.
Our businesses, Redstone and Connect IB, provide the infrastructure capabilities and the software applications to deliver Smart Buildings and Smart Workspace Solutions for commercial businesses, public sector organisations, real estate owners and managers.
We achieve great results for our customers through the design and implementation of tailored infrastructure that enables a building’s operational technology to be integrated into a single platform; through the on-site management of our customers’ infrastructure, such as desk top and data centre support; and through innovative software solutions such as sophisticated wayfinding platforms or those that help our customers analyse occupancy data to make their buildings and their businesses more efficient.

Our technologies directly support the drive for improvements across an organisation, be it leadership that are looking for efficiencies and improved margins, facility teams looking to manage flexible work spaces, employees wanting greater freedom to work the way they want to work, whilst security and networking teams look to protect data integrity and physical access control.


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Redstone Connect Fundamentals (REDS)

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Recent News :- RedstoneConnect extends OneSpace™ solution to UBM's US Headquarters

RedstoneConnect (AIM: REDS), a leading provider of technology and services for smart buildings and commercial spaces, announces the deployment of its award-winning workspace management software solution, OneSpace™, with UBM, a leading global events and marketing communications specialist, at their US head office in New York City.

The new agreement is the result of a highly successful OneSpace™ pilot, which is helping UBM to meet their real-estate and sustainability objectives at their European head office in central London.

OneSpace™ provides real-time monitoring and analysis of occupancy trends, enabling organisations to optimise the utilisation of space, ultimately reducing capital and operational costs whilst improving work force engagement and the working environment. It is a pure software solution that can be rapidly configured to any space anywhere in the world.

The newly agreed Software as a Service (SaaS) contract provides UBM with a flexible pricing model based on the number of desks being managed by OneSpace™, with the latest project for UBM seeing the deployment of OneSpace™ for integrated room booking and desk monitoring across 174 desks and 17 meeting rooms at UBM's New York office.

OneSpace™ has enabled UBM to adapt and optimise the use of its office space. As a result of the implementation of OneSpace™ at UBM's 11,000 Sq Ft office in London, staff have been able to work more flexibly, enabling the business to operate at a ratio of 10 desks to every 14 employees, with occupancy rates in excess of 80%.

31million sell wow

Hey, 31 million is only £300k.. small beer for a fat cat!

I am a long term (small) holder and still in profit as is. Watching now.

1.35p +0.175p

RedstoneConnect inks OneSpace deal with Philips Lighting - Thursday 5 January 2017 |

http://www.redstoneconnectplc.com/redstoneconnect-signs-exclusive-uk-partnership-for-distribution-of-cutting-edge-in-building-cellular-technology/

By leveraging each others strengths in the Smart Space, Smart Buildings, Smart Cities markets, end customers will benefit from both Company's joint product knowledge, product integration and ongoing research & development. The partnership will see Philips Lighting systems being integrated with RedstoneConnect̵7;s award winning OneSpace(tm) software platform.

The software provides real time measurement and analysis of occupancy trends, delivering optimisation of office space environments. Ultimately OneSpace(tm) aids the reduction of operational costs at the same time as improving work force engagement, empowering employees and managers alike. RedstoneConnect̵7;s London Head Quarters shall become a showcase for the very latest power over ethernet Philips Lighting systems, giving visitors the ability to see an integrated connected lighting systems in action.

Growth & Innovation Forum 2017


Tuesday 31st January 2017

MEET YOUR NEXT GROWTH COMPANY INVESTMENT

Click here to REGISTER now


Share price performance of some of the companies that attended the last event include:

Cyan +43%

Instem + 44%

Satellite Solutions Worldwide +79%

Summit Therapeutics +32%

XLMedia +46%


The Growth and Innovation Forum, organised in partnership with Cenkos Securities and Shares, is in its 5th year and is the UK's only growth and technology company investment show.

Thousands of investors have attended our previous shows. This year attendees will be able to:

· Learn from industry experts and influencers about the markets, the technology sector and individual companies

· Find out from fund managers how they view the future in 2017 and beyond

· Meet the directors of up to 40 listed growth companies

· Listen to presentations from our expert team of Shares journalists


Key note Speakers at the Show include:

Daniel Coatsworth, Editor - Shares

Russ Mould, Investment Director - AJ Bell

Richard Penny, Senior Fund Manager - Legal & General UK Alpha Trust

Simon Strong, Head of Research, Growth Companies - Cenkos Securities

Further keynote speakers to be announced.


Presenting at the Show and available to meet during the day will be a number of listed company CEOs and Directors:

Andrew Newland, CEO - ANGLE

Alastair Smith, CEO - Avacta

Rachel Elias-Jones, CFO - Bango

Keith Butcher, CFO - Blancco Technology Group

Terry Hart, CFO - CityFibre

Simon Cleaver, CEO - CloudCall

Jamal Rushdy, CEO - Collagen Solutions

John Cronin, Executive Chairman - CyanConnode

Philipp Prince, CFO - Defenx

Frontier IP Group

Phil Reason, CEO - Instem

Steve Flavell, co-CEO - LoopUp

Jose Luis Vazquez, CEO - Mirada

Ian Smith, CEO - One pm Finance

Plastics Capital

Mark Braund, CEO - RedstoneConnect

Simon Kings, Executive Director - TP Group

David Richards, Interim Chairman, President, CEO & Co-founder - WANdisco

More companies to be announced.


For more information go to the event website here

Business Update

- Strong trading continued in H2
- Adjusted EBITDA* for the year ended 31 January 2017 at upper end of market expectations**
- Smart software solutions, infrastructure and managed services all experiencing strong demand
- Order book and sales pipeline underpinning medium term growth expectations

RedstoneConnect (AIM: REDS), a leading provider of technology and services for smart buildings and commercial spaces, is pleased to announce that trading has continued to be strong in the second half of the current financial year and consequently the Board now expects Adjusted EBITDA* for the year ending 31 January 2017 to be at the upper end of market expectations**.

Smart software solutions

The Company's smart software solutions continue to gain market traction with encouraging levels of customer engagement. RedstoneConnect's ability to secure new software income, which is typically achieved through annuity based contracts with higher margins, is a key constituent of the Company's growth strategy.

OneSpaceTM, the Company's occupancy management tool, is now ready for full commercial deployment following investment during 2016 and an experienced sales force has been recruited. Notable milestones include its deployment at UBS's new flagship London office at 5 Broadgate, deemed to be the smartest building in London and the extension of the Company's relationship with UBM to upgrade and extend OneSpaceTM to UBM's offices in New York.

The Company also signed an agreement with Philips Lighting under which it will integrate Philips Lighting systems into OneSpaceTM and together market and deliver connected smart office solutions.

In addition, following the success of the initial design phase RedstoneConnect has secured the mandate for the deployment of its smart parking, smart retail and wayfinding applications as part of the smart city project in Milton Keynes.

Network infrastructure and managed IT services

RedstoneConnect continues to see strong demand from both new and existing blue chip customers for its design and installation of network infrastructure and managed IT services. This demand underpins a considerable order book and sales pipeline. Having already signed a 5 year contract renewal in the first half with one of the world's leading financial institutions, the Company has expanded an existing managed services contract with the same customer to include the provision of IT infrastructure management services across a number of campus buildings. The contract extension is valued at £8.4 million over three years.

In addition, the Company has also signed the renewal and expansion of a three year managed services contract, worth approximately £5.4 million, with a tier one global investment bank.

Acquisition of Commensus

The Company is also pleased to report that Commensus, a leading provider of fully managed IT support services, which was acquired in November 2016, is now fully integrated. Commensus has already won three important new customers since its acquisition and will be earnings enhancing in its first full year of ownership.

Mark Braund, CEO of RedstoneConnect, commented:

"We are delighted to report excellent progress across the Group with significant momentum continuing in the second half. We have secured a number of new business mandates within our infrastructure and managed IT services division and continue to deliver high quality contracts through our software solutions for smart buildings. The Board is confident that this will, in time, transform the future earnings potential of the Company.

"We now have a well-structured and cost efficient operational base and a substantial new business pipeline. The board therefore looks forward to the future with great confidence."

All very encouraging and looking good! onward and upwards! (imho)

another good start to the day.

StockMarketWire.com
RedstoneConnect has been awarded a multi-year contract for the design, installation and management of an In-Building Cellular ("IBC") solution at the new London headquarters of a leading global technology company specialising in internet-related services.

The IBC solution will provide high quality cellular mobile connection across any network for all staff as well as visitors to the customer's offices.

This will provide excellent indoor coverage and consistent coverage with no drops-outs when moving between floors or when travelling in elevators.

The multi-million pound contract will be delivered in stages with the initial installation phase due for completion in March 2017 and a subsequent roll-out over the next two years.

The solution utilises CrossFire technology, of which RedstoneConnect is the exclusive distributor, that will enable the customer to provide the same service across its additional office locations within a 70km radius, while housing the mobile network operator equipment in the original location.

very nice trading statement, not quite in profit yet but getting there.

Yep, been topping up over the past few weeks. All very encouraging and looking good! onward and upwards! (imho)

RedstoneConnect has announced that it has entered into a Conditional Agreement to acquire the entire issued share capital of Easter Road Holdings Limited and its subsidiary, Anders + Kern U.K Limited for cash consideration of GBP1.4 Million. The Company has also announced a proposed Placing of up to 433,333,334 new Ordinary Shares of GBP0.001 each in the capital of the Company at a price of GBP0.015 per Placing Share to raise up to GBP6.5 Million. As a result of the very large number of RedstoneConnect Shares in issue, the Board believes that it would be appropriate and beneficial to both the Company and its Shareholders to undertake a Share Consolidation. Therefore, following completion of the Acquisition and the Placing, at the Company’s next Annual General Meeting, the Board has decided that it will seek Shareholder approval for a Share Consolidation, based on every 100 existing Ordinary Share of GBP0.001 each being consolidated into one new Ordinary Share of GBP0.10 each. The Placing Shares will form part of the Shares to be consolidated as part of the Proposed Share Consolidation. The Board will seek Shareholder approval to effect a Capital Reduction at the same time as the Proposed Share Consolidation, as the Board believes cancellation of the legacy Deferred Shares (which have no voting rights or value), the Company`s share premium account and the capitalisation of the Company’s merger reserve and subsequent cancellation of the capital reduction share to be issued on such capitalisation will allow the Group to eliminate the accumulated losses and will provide distributable reserves giving greater flexibility for the payment of dividends in the future, the purchase by the Company of its own shares and for other corporate purposes, if required.
Terms: Every 100 existing Ordinary Share of GBP0.001 each will be consolidated into 1 new Ordinary Share of GBP0.10 each.
Further information may follow in due course.

1:100 share consolidation today.

StockMarketWire.com
RedstoneConnect has been awarded a contract to install an IT cabling infrastructure throughout Tottenham Hotspur's new 61,500-seat stadium.

Tottenham Hotspur's new stadium was expected to be the most technologically advanced of its kind, utilising the most innovative technology to ensure flexibility for future demands and development requirements of the space.

TAKEOVER
RedstoneConnect has announced that it received a proposal from A P Systems for an All Share Offer of unlisted securities in A P Systems, a Private Company, at an implied valuation per RedstoneConnect Ordinary Share that represents a discount to the prevailing price of a RedstoneConnect Share.
The Board has considered the proposal from A P Systems, together with its financial adviser Cantor Fitzgerald Europe.
The Board believes the proposal by A P Systems to be totally inadequate and therefore there is no basis upon which to engage in discussions. The Board has informed A P Systems of its conclusion.

StockMarketWire.com (25.01.18)
RedstoneConnect, a provider of technology and services for smart buildings and commercial spaces, expects trading for the year ending 31 January 2018 to be in-line with the board's expectations.

It said all three business divisions (Software, IT Managed Services and Systems Integration) have traded strongly in the second half of the financial year.

The company has secured a number of contract wins and smart infrastructure consultancy mandates. These included a consultancy project for a multinational banking and financial services company to determine how best to utilise OneSpace, RedstoneConnect's workspace occupancy management software solution, within its London headquarters.

In addition, RedstoneConnect secured a number of further contract wins in the financial services and real estate sectors for projects seeking to ascertain how enterprises can best use location-based services from the RedstoneConnect software portfolio.

The company has developed its first independently deployable module of OneSpace, OneSpaceLink.

Mark Braund, CEO of RedstoneConnect, said: "We are delighted to have secured a number of important contract wins across both our smart software solutions and network infrastructure divisions, building on the considerable momentum we have achieved across the business in the current financial year.

"Having successfully deployed our solutions in some of the smartest buildings and spaces in Europe, our team is now optimally placed to support a growing number of customers as they seek to understand how the implementation of smart software can significantly improve both the utilisation of their real estate and the working environment for their employees."

RedstoneConnect has announced that all resolutions at its Annual General Meeting held on 30 July 2018 were duly passed.
As a result, the Company confirms that as of 08.00am on 31 July 2018, its Shares will trade under the new name Smartspace Software Plc.

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