Source - SMW
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." 

At 8:58am: (LON:REDS) RedstoneConnect PLC share price was +13p at 107p