Home / Knowledge / News / Information Technology / Beacon bags RF contract from leading apparel retailer
Beacon bags RF contract from leading apparel retailer
11
Mar '10
Beacon Enterprise Solutions Group, Inc. an emerging global leader in the design, implementation and management of high performance Information Technology Systems (“ITS”) infrastructure solutions, announces two new engagements with consumer companies.

The first engagement is with one of the world's largest specialty apparel retailers, for whom Beacon performed site surveys and detailed radio frequency (“RF”) analysis on two large distribution center campuses in the United States in May 2009. The new engagement covers two of the retailer's new distribution centers, one in Canada and the other in the United Kingdom, where Beacon will be responsible for the customer's RF wireless infrastructure, including assessment, design and implementation. Work on this project is scheduled to begin in March 2010. The value of this engagement is approximately $400,000.

The second engagement is with a new customer, a leading producer and marketer of beer and other beverage products in the United States. The engagement, which was completed in February, required Beacon to perform a network assessment, design and installation in one of the customer's manufacturing facilities located in the Midwest. The value of this engagement is approximately $120,000 and will be included in fiscal 2010, second quarter results.

Bruce Widener, Chief Executive Officer of Beacon Enterprise Solutions, said, “These engagements represent two elements of Beacon's growth strategy, which includes expanding the scope of our relationships with existing clients and signing new clients. Agreements such as these contribute to our Projected Value of Contract Backlog (as defined below) of over $60 million, and we are well on our way to reaching our goals for fiscal 2010 and beyond. We look forward to broadening our business with our existing global client base, demonstrating our capabilities to new clients, and affecting acquisitions that complement our business.”

The Company has posted a new presentation on its website, in accordance with Reg. FD, that will be given to potential institutional investors during upcoming road shows. The presentation addresses the Company's current business strategy, its global ITS infrastructure service offerings, future plans for growth and historical increases in quarterly sales and assets.

Projected Value of Contract Backlog (“Backlog”) reflects the projected revenue impact of existing engagements over a one to three year period and is subject to change as work is completed and/or the scope of various engagements changes over time. Backlog includes the projected value of recently announced, multi-year ITS managed services engagements as well as short-term projects for which the Company has been engaged to provide network design, engineering, implementation and/or project management services.

Beacon Enterprise Solutions Group Inc

Must ReadView All

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X