TIDMTOOP
RNS Number : 5466O
Toople PLC
10 February 2021
For release: 07.00, 10(th) February 2021
Toople PLC
("Toople" or the "Company")
New Five Year Contract win with specialist engineering firm
Toople PLC (LSE: TOOP), a provider of bespoke telecom services
to UK SMEs, is delighted to announce that it has won a new five
year contract to provide a unified telecoms solution to a
specialist engineering firm that designs and manufactures mercury
and LED UV curing systems for the printing, coating and converting
industries.
Toople will provide secure high speed/bandwidth and dedicated
data connectivity supporting the firm's purpose-built premises to
deliver a unified telecoms solution, which includes multiple mobile
connections and additional sites.
The firm is based in the UK, but has global reach, with
subsidiaries in Europe and North America. Toople will provide
critical high speed secure data connectivity as the firm continues
to supply equipment for use on many of the world's most advanced
printing machines. The firm has modern office locations, customers
around the world and is supported by a global network of agents and
distributors - all of whom will benefit from enhanced technology
delivered by Toople. As well as producing precision equipment, the
firm also provides customer service and support, which will also be
facilitated by Toople's infrastructure.
Toople will provide the firm with a 1Gb/1Gige secure data
connection into their purpose-built premises, alongside 34 business
mobile connections, as well as an upgrade and redesign of another
secure data connection to an additional site, substantially
increasing bandwidth from 30MB to 100MB on a five year term.
Commenting on the contract win, Andy Hollingworth, CEO at
Toople, said:
"We are pleased that momentum at Toople continues, as we win new
contracts and extend existing relationships. We are very proud that
this leading British engineering firm, and winner of a Queen's
Award, has trusted us to partner with them to provide essential
telecom solutions. Toople will keep the firm connected with its
international subsidiaries and numerous customers, agents and
distributors as it continues to roll out its world class products,
services and support. This is another strong endorsement for our
brand and service offering."
This announcement contains information which, prior to its
disclosure, was inside information as stipulated under Regulation
11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310
(as amended).
-Ends-
For further information :
Toople PLC Tel: 0800 0499 499
Andy Hollingworth, Chief Executive
Officer
Paul White, Chief Financial
Officer
Novum Securities Limited Tel: 020 7399 9400
David Coffman
Colin Rowbury
Belvedere Communications Tel: 020 3687 2754
John West / Llew Angus
About Toople PLC
Toople PLC is incorporated in the UK and listed on the main
market of the London Stock Exchange. The business currently trades
under four main brands: toople.com ; dmsluk.co.uk ;
broadbandandphones.co.uk ; checkthatcompany.co.uk .
Toople.com provides bespoke telecoms services for its fast
growing target market of UK SMEs with between one and 500
employees. Services offered by the Group include business
broadband, fibre, EFM and Ethernet data services, business mobile
phones, cloud PBX and SIP Trunking and Traditional Services (calls
and lines) all of which are delivered and managed via the Group's
proprietary software platform.
In February 2020, Toople completed the acquisition of DMS
Holding (DMSL) . DMSL commenced trading in 2002 and provides
unified communication services in the UK, ranging from a single
phone line to a multi-site unified comms VoIP platform, delivered
via a network of telecoms and IT carriers and content providers
across the UK including BT Business, BT Global Services, Gamma, EE,
Vonage, TalkTalk Business and O2. DMSL acts as a BT Premier
re-seller for broadband connectivity, mobile and fixed voice and
cloud services and is responsible for over 250,000 BT customers and
over 400,000 Revenue Generating Units.
The acquisition of DMSL was transformational for Toople, as it
also expanded the Group's reach into the UK residential market,
which is experiencing a period of rapid change, as operational
automation further develops and more people choose to (or are
forced to) work from home.
The Company also owns a telecoms price comparison website and a
service offering company credit reference checking and reports.
These complement the Group's IT and telecoms services.
All the Group brands seek to differentiate themselves by
offering IT, telecoms and broadband solutions, with robust and
reliable packages, that enhance a customers' business and are based
on trust and transparency, with no hidden fees within pricing
policies. This provides customers with a clear understanding of
cost and fixed prices for the duration of their contracts.
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END
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