Restore PLC Significant contract win with the BBC (2362B)
September 30 2022 - 2:00AM
UK Regulatory
TIDMRST
RNS Number : 2362B
Restore PLC
30 September 2022
30 September 2022
Restore plc
("Restore" or the "Group" or "Company")
Significant contract win with the BBC
Restore wins largest contract in its history
Restore (AIM: RST), the UK's leading provider of digital and
information management and secure lifecycle services, is pleased to
announce that the Group has signed a contract with the UK's
national broadcaster, the BBC. The contract is to manage the BBC's
archive of entertainment related assets, with an expected value of
GBP22 million over ten years. The contract award is the largest in
Restore's history.
The BBC's archive consists of approximately 10.2m archived
assets made up of a number of distinct collections which currently
take up a total of 74,000 linear meterage of storage in temperature
controlled vaults. The assets consist of audio, moving images,
photographic stills, vinyl, and sheet music collected over the last
century.
Restore will build a dedicated vault in one of the Group's
existing facilities (which will be the size of c.250k equivalent
storage boxes) and then throughout 2023 manage the migration of the
assets from an existing BBC facility. In addition to Restore
Records Management (part of the Digital and Information Management
division) providing the long-term storage, manage and retrieval
services, Restore Harrow Green (part of the Secure Lifecycle
Services division) will manage the migration project to plan,
manage and migrate the collections from the BBC's existing
facilities. This combination of services with two of Restore's
business units coming together was instrumental in winning the
contract with the BBC and demonstrates the Group's ability to offer
a unique full service data management solution to its
customers.
CHARLES BLIGH, CEO, COMMENTED:
"I am delighted the BBC has awarded Restore the contract to
manage its archive of assets which are incredibly important to the
whole nation. It is the largest contract win in the Group's history
with an anticipated value of GBP22m over ten years.
"This contract win demonstrates not only the Group's preeminent
position in the market, bringing large, long-term and essential
services to our customers, but also Restore's ability to
effectively combine our Digital and Information Management and
Secure Lifecycle Solutions to offer a compelling proposition to
gain the trust of customers like the BBC and win in the
market."
For further information:
Restore plc www.restoreplc.com
Charles Bligh, CEO
Neil Ritchie, CFO +44 (0) 207 409 2420
Investec (Nominated Adviser and Joint www.investec.com
Broker)
Carlton Nelson
James Rudd +44 (0) 207 597 5970
Canaccord Genuity (Joint Broker, Corporate www.canaccordgenuity.com
Advisor) )
Max Hartley
Chris Robinson +44 (0) 207 523 8000
Citi (Joint Broker) www.citigroup.com
Stuart Field
Luke Spells +44 (0) 207 986 4074
Buchanan Communications (PR enquiries) www.buchanan.uk.com
Charles Ryland
Stephanie Whitmore +44 (0) 207 466 5000
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END
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