Milestone Group PLC Milestone Group Plc : Legal Agreement Signed With Intervictus (UK) Ltd
September 23 2014 - 1:01AM
UK Regulatory
TIDMMSG
MILESTONE GROUP PLC
("Milestone" or the "Company")
Legal agreement signed with Intervictus (UK) Ltd
Milestone, the AIM quoted (AIM: MSG) provider of digital media and
technology solutions is pleased to announce that it has signed an
agreement with Intervictus (UK) Ltd ("Intervictus") to provide mobile
solutions to support the installation and monitoring of their Energy
Management Solutions.
Intervictus specialise in the supply of Energy Management Solutions,
offering bespoke and comprehensive real-time energy monitoring systems
that enable companies to manage all aspects of energy usage. This has
already been successfully trialled in a number of sectors including
Engineering, Construction, Education and Healthcare.
The Intervictus offering will be underpinned and delivered by
Intervictus and any third party workforce using Milestone mobile
technology throughout the process. It will combine the emotional
intelligence training in all training courses for new employees sourced
via Milestone, the Passion Project and / or any associated
introductions.
As a founder member of the Company's youth employment initiative, the
Passion Project, Intervictus will benefit from the cross promotion of
services across the programme's digital ecosystem whilst actively
utilising the programme's network of Youth Organisations to promote,
recruit and train young people to become job ready and form part of
their future workforce.
The initiative has a pilot commencing in October 2014 with a London
Housing Association ("LHA") whose current housing stock comprises of
9,000 dwellings. Following the pilot, it is anticipated that the
programme will be rolled out across all the LHA's properties and
interest is already being shown by a number of other housing
associations in the UK. It is anticipated that the delivery model to
survey and install into the 100 homes for the pilot would see 14
individuals being recruited and trained. Post successful pilot, it is
anticipated that this number would increase to 200 - 250 delivery
personnel.
The financial details of the agreement will see Milestone generating
revenues from the mobile solutions provided at a rate of GBP20 per user
per month, Passion Project engagement fees of GBP50 per young person,
GBP350 per person for emotional intelligence training and introducer's
fees for all new business introduced via its networks.
David Jones of Intervictus, commented:
"Milestone Group's activities with the Passion Project are able to
accelerate and realise relevant commercial opportunities for
Intervictus. The provision of cutting-edge training programmes and
mobile solutions adds value to our proposition."
Deborah White, CEO of Milestone Group PLC, commented:
"We are delighted to be joining Intervictus in a phase of growth and
possibilities, with Intervictus as a key solution provider to our
commercial network, whilst adding value by providing them with valuable
mobile monitoring and training services. This type of arrangement is a
core tenet of the Passion Project eco-system that Milestone owns and
gives a flavour for the potential revenues on offer."
For further information:
Milestone Group PLC Tel: 020 7929 7826
Deborah White, Chief Executive
Cairn Financial Advisers LLP, Nominated Adviser Tel: 020 7148 7900
Liam Murray / Avi Robinson
Hybridan LLP, Broker Tel: 020 3713 4581
Claire Louise Noyce
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Milestone Group PLC via Globenewswire
HUG#1857587
http://www.milestonegroup.co.uk/
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