# RedstoneConnect Plc Five Year Contract Win

- Link: https://www.directorstalkinterviews.com/redstoneconnect-plc-five-year-contract-win/412729269
- Published: 2017-05-17T07:12:24+01:00
- Author: Giles Arbor

**RedstoneConnect Plc** (LON:REDS), a leading provider of technology and services
for smart buildings and commercial spaces, is has today announced 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 £500,000 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 Plc, 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.”

Share on: