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Monday, December 18, 2006
REDSTONE CLOSES CONTRACT FOR PHASE ONE OF LANCASHIRE'S BUILDING SCHOOLS FOR THE FUTURE PROJECT

  >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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SHEELAGH CONNELLY MCIPR
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