RedstoneConnect to install 'smart solution' in Munich shopping centre

Smart buildings technology and services provider RedstoneConnect announced on Wednesday that it secured a consulting and software mandate worth €0.75m with real estate investment manager TH Real Estate, to develop and install a smart software solution for its PEP shopping centre in Munich, Germany.

The AIM-traded firm said the initial phase of the contract would see RedstoneConnect provide consultancy services in order to design the framework for a smart solution in the retail space.

It said the project would culminate in RedstoneConnect's software platform 'Connect' being deployed as part of a major multi-million euro refit of the shopping centre, due to go live in 2018.

The 'Connect' platform would enable shoppers to find shops, services or locate their car using in-centre wayfinding kiosks and a location aware smartphone app.

All data generated through digital channels, including online and interactive directories, as well as the smartphone app would be managed by the company's wayfinding, CMS, CRM and MIS modules available through the 'Connect' platform.

Key services - including smart parking, location based services, Wi-Fi usage and audience measurement analytics - will both deliver “greater operational insight” and improve the shopper experience, the board claimed..

“RedstoneConnect's track record in the design and installation of smart solutions across some of the highest profile commercial spaces was central in securing such a prestigious contract,” said CEO Mark Braund.

“Our unique ability to future-proof the retail experience for shoppers, coupled with our diverse range of solutions, which are capable of unlocking additional economic benefit for real estate owners, is a robust market proposition.

“We continue to succeed in securing contracts through our offering of consultancy, software platforms and applications, reinforcing the need for smart innovation within buildings, destinations and cities.”