>Lancashire’s young people are set to get state-of-the-art school facilities
Redstone plc, a national provider of IT and communications solutions, today announced that it has successfully concluded contract negotiations for the design, implementation and managed IT services for the Lancashire Building Schools for the Future project (BSF).
BSF is a Government initiative seeking to support a transformation of secondary education by ensuring children and young people of secondary age have access to facilities of 21st Century standards. The intention is to renew and/or replace all secondary schools over the next 10 to 15 years, which is the biggest investment from a Government in more than 50 years.
Lancashire has been included in the first wave of the BSF programme, which will cover schools in Burnley and part of Pendle.
Working in a consortium with Catalyst Lend Lease, Capita Symonds Group and financiers, Halifax Bank of Scotland; Redstone Converged Solutions and Redstone Managed Solutions will be providing the complete integrated IT and communication systems for nine new schools to be built in Lancashire, along with a seven-year managed IT services contract.
The project, which is part of the initial wave of the Government’s Building Schools for the Future programme, will be completed in three phases between 2008 and 2010, and is worth a total of £16m. Orders to the value of £6.3m have been placed with Redstone for the first phase of the contract and the managed IT services.
Martin Balaam, CEO, Redstone plc, comments: "This contract demonstrates the value of the combined skills of Redstone Converged Solutions and Redstone Managed Solutions, and further cements the group as one of the leading IT and communications integrators in the UK and Ireland. It is also satisfying to see that the investment Redstone has made in tendering for major long term project is paying dividends and underpinning future revenues."
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About Lancashire Building Schools For the Future
Building Schools for the Future (BSF) is the largest single schools capital investment programme for over 50 years. The aim is to rebuild or renew every one of England’s 3,500 state secondary schools during the 15-year lifetime of the £40 billion programme. For more information see http://www.lancashire.gov.uk/education/bsf.
About Redstone plc
Redstone is a national provider of IT and Communications solutions for businesses and organisations of all types and sizes. Redstone is uniquely positioned as the only IT and Communications provider within the UK and Ireland to be able to offer all core competencies in house. Each division is recognised as a market leader in its own right: Redstone Telecom offers fixed line telephony, Redstone Mobile offers mobile telephony, Redstone Converged Solutions offers Contact Centre solutions, IP Communications and IP Networks. Redstone Managed Solutions offers Microsoft applications, server/desktop and network integrity and Redstone Technology offers enterprise server and storage area networks. For information see http://www.redstone.co.uk.
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Partnership brings scalable and flexible Information Assurance
Oxford, UK, 13th December 2006: Managed security services provider and information assurance specialist, Vistorm, has created a virtual security practice with Reed Professional Services (Reed PS), the leading provider of business and IT consulting services to the top tier of UK industry.
The partnership - implemented as a true network business model - allows each of the companies to benefit from the other's expertise. Vistorm gains a virtual partner practice, enabling greater scalability and bandwidth for the security services that is offered to its clients, while Reed PS creates its own specialist security practice.
During the first year, Vistorm expects to deliver more than 5,000 man days of highly skilled engineers on projects of 3-6 months. This more than doubles its previous capability.
Of the partnership, George Walker, Managing Director, Reed PS, said: "This is a very important partnership for Reed Professional Services as it means that we can now offer a specialist security service to our clients, benefiting from Vistorm's specialist security expertise and reputation in the market, and means we have a joint approach to taking this offer to market."
According to Jim Kent, Chief Executive of Vistorm, the agreement has been driven by increasing awareness of the need for an information security strategy from its clients.
"Our clients face ever increasing security threats. The implications of good corporate governance means there is a need for a clearly thought through Information Assurance strategy, without it, how can any company have confidence. Recent experiences in the Financial Services and Public Sectors only serve as reminders that securing the information assets of a company is vital."
"Vistorm is experiencing increased demand for its services and we have responded to that increase by ensuring that we have an industrial strength delivery capability which continues to deliver the right consultants. This partnership will allow us to benefit from a scalable set of skilled professionals which directly supports our clients and our business needs."
Vistorm, formed in 1991, has experienced 13.5 per cent year-on-year over the past two years, and is targeting 26 per cent growth in the current year. It has a portfolio of impressive clients, including, Liverpool Direct Limited, Nottinghamshire Healthcare NHS Trust and CODA.
Reed Professional Services was started in 2003 and has since become a market leading consortium brand delivering Business & IT Consulting services to the top tier of UK and US industry. Passionate about leading a transformation in collaborative solutions partnering our ethos, formed to meet the market demand to "get things right - first time", has rapidly acquired Reed PS a high profile delivery reputation.
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About Reed Professional Services
Reed PS provide Workforce Management, Business, & IT Consulting services to the top tier of UK industry. As part of the £680m turnover Reed Group, the technology and consulting organisation is established within the UK's foremost provider of workforce management services to industry. Reed PS can point to the success of their IT consulting and workforce operation within such household names as Barclays, Synstar, NAAFI, Cairn Energy, and government organisations such as the National Audit Office.
Founded in 1991, Vistorm is a specialist in delivering industry leading security solutions. Partnering with leading manufacturers, Vistorm combines specialist Consulting, Technology and Managed Services capabilities to offer a complete portfolio of secure infrastructure services and solutions.
Vistorm believes that a clear information assurance strategy is fundamental to good corporate governance. In today's business environment, stakeholder value can be too easily and often unwittingly damaged by information-based risks. Information capital needs to be compliant, secure, available, reliable and accurate. Without this assurance, there is a real danger of financial loss or damage to reputation.
Vistorm is headquartered in Daresbury, Cheshire with 200 employees nationwide.
> Ultracapacitors Provide Reliable, Low-Maintenance, Backup Power for Wind Turbine Blade Pitch Systems
Rossens, Switzerland - Maxwell Technologies Inc. (Nasdaq: MXWL) announced today that a leading European producer of wind energy systems has placed a purchase order for 3 million BOOSTCAP BCAP0350 E "D cell" ultracapacitors to provide backup power for wind turbine blade pitch systems.
Alain Riedo, senior vice president and general manager of Maxwell's Swiss subsidiary, Maxwell Technologies SA, noted that the order, which is expected to be drawn down over two years, is for double the quantity of the company's previous largest D cell order, a 1.5 million-cell order for a wind energy application in February 2006.
The ultracapacitors are used for backup energy storage and power delivery in wind turbines ranging in output up to 2.5 MW. Each of the turbines' three blades has an independent braking and pitch adjustment mechanism incorporating a bank of from 200 to 700 BOOSTCAP cells for backup power to ensure continuous operation in the event of a power failure.
"Strong global demand for wind energy systems is driving increased demand for ultracapacitors, and we are pleased that one of the world's largest and most innovative wind turbine producers has selected our BOOSTCAP products to enhance the performance and reliability of their systems," Riedo said.
Industry sources reported that approximately 11,400 MW of new wind energy generation capacity was installed in 2005, an increase of more than 40 percent from 2004. The worldwide installed base now stands at approximately 60,000 MW, and industry sources estimate the value of the wind energy market is expected to exceed $130 billion over the next five years. Riedo noted
that MW class installations are expected to account for an increasing share of new capacity, and said that ultracapacitors' high reliability, robustness and long operating lifetime have now been proven in daily operation over the last three years in wind farms around the world.
Maxwell is a leading developer and manufacturer of innovative,cost-effective energy storage and power delivery solutions. Our BOOSTCAP ultracapacitor cells and multi-cell modules and POWERCACHE® backup power systems provide safe and reliable power solutions for applications in consumer and industrial electronics, transportation and telecommunications. Our CONDIS high-voltage grading and coupling capacitors help to ensure the safety and reliability of electric utility infrastructure and other applications involving transport, distribution and measurement of high-voltage electrical energy. Our radiation-mitigated microelectronic products include power modules, memory modules and single board computers that incorporate powerful commercial silicon for superior performance and high reliability in aerospace applications. For more information, please
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Restructure of Group brings stability, growth and success
4th December 2006 - Redstone (AIM:RED.L), a leading provider of IT and communications solutions in the UK and Ireland, announced its financial results for the six months ended 30 September 2006, and announces a recommended offer for IDN Telecom plc.
During the period, Redstone also successfully acquired Symphony Telecom Holdings plc and the Tolerant group of companies. Further highlights include:
* Revenue up by 42% to £47.4m**
* Gross Profit up by 43% to £17.5m**
* Gross Profit percentage up to 36.8% from 36.4%**
* As a result of continued cost control EBITDA increased to £2.9m* for the period compared with a £2.0m loss for the corresponding period last year
* Profit after tax for the period of £1.0m (second profitable half in succession)
* Net cash generated from operating activities of £1.8m underpinning a strong balance sheet.
* Redstone has achieved significant customer wins across divisions with organisations such as Xansa and examination boards from England, Northern Ireland and Wales.
The recommended offer for IDN Telecom announced separately, will add not only additional critical mass to the fixed line Redstone Telecom business, but will also bring with it in excess of 2,000 B2B customers and a strategic alliance with the Federation of Small Businesses. Redstone will continue to seek acquisition opportunities that add scale and skills and extend the customer base.
Martin Balaam, chief executive officer, Redstone, commented: "Following the transformation of the Group last year, I am delighted to report that the Group has continued to build on the sound fundamentals of generating profits, growth and cash. We have focused on reducing expenditure to allow the business to generate cash from its existing revenue base and this has been achieved by the re-organisation which has also given us a firm footing from which to develop its strategy for growth. We believe that the outlook for the Group is positive and the Board remains committed to delivering growth both organically and acquisitively in the developing and consolidating telecoms and IT sector."
Balaam added: "The strategic acquisitions to date, including the recommended offer for IDN Telecom, are key parts of a growth strategy that is designed to take full advantage of the developments within the Group's target market. Of particular note is the requirement for companies to IP-enable their telecoms networks."
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* before IFRS 2 charges and holiday pay accrual
** compared with six months ended 30 September 2005
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About Redstone plc - Redstone is a leading provider of IT and Communications solutions for businesses and organisations of all types and sizes. Redstone is uniquely positioned as the only IT and Communications provider within the UK and Ireland to be able to offer all core competencies in house. Each division is recognised as a market leader in its own right: Redstone Telecom offers fixed line telephony, Redstone Mobile offers mobile telephony, Redstone Converged Solutions offers Contact Centre solutions, IP Communications and IP Networks. Redstone Managed Solutions offers Microsoft applications, server/desktop and network integrity and Redstone Technology offers enterprise server and storage area networks. http://www.redstone.co.uk