Contract update
(Thomson Reuters ONE) -
MILESTONE GROUP PLC
"Milestone" or the "Company"
Contract update
AIM quoted Milestone Group PLC (AIM:MSG), the digital solutions and technology
agency, announces that, following the announcement on 28 June 2010 that it had
entered into a consultancy contract with UK company, Ultra Green Oil Recovery
Limited ("UGOR"), it has now entered into an agreement with UGOR to provide UGOR
with the mobile applications required to co-ordinate its environmental cleanup
operations in the Gulf of Mexico using the JumpStart Wireless technology.
The agreement with UGOR represents the first major contract to be entered into
by Milestone using the JumpStart Wireless technology following Milestone's
investment in and licence agreement with JumpStart Wireless Corporation
("JumpStart") in October 2009. Under the JumpStart licence agreement, Milestone
will receive a percentage of the gross revenues pursuant to the UGOR agreement.
UGOR, a British-based environmental research and development company has used
its international team of scientists, logistics experts and engineers, including
those approved by the US military and the US Department of Energy, to develop a
potentially rapid and scalable method of clearing-up and collecting oil from the
sea surface in the Gulf of Mexico following the BP Deepwater Horizon oil
disaster.
JumpStart Wireless uses artificial intelligence technology to meet UGOR's
demanding requirements which include, co-ordinating a diverse fleet of ships and
workforce, being able to rapidly adapt to changing conditions and evolving
plans, together with the ability to provide real time status and data reports
from the field. JumpStart provides proven enterprise mobile applications for
enterprise software such as Sage, Primavera and SAP.
Tony Blakey, Chairman of UGOR, commented: "With companies coming together to
make the cleanup in the Gulf of Mexico a reality, finding a way to link all the
teams from all over the world and throughout the USA on land and sea, was
proving incredibly difficult without military standard communications. This
agreement with Milestone for the provision of JumpStart Wireless technology,
will enable our logistics team via both hand held devices and satellite phones
with a virtual data hub, to receive real time data and fleet positioning and
GPS-positioning of oil slicks, without which we would not be able to coordinate
our operations."
Dr Jeffrey Bonar, CEO of JumpStart Wireless commented: "JumpStart Wireless
technology was designed to meet the demanding flexibility, reliability, and
coordination needs of organisations like UGOR. We are delighted to bring the
power and productivity of mobile software to UGOR's sophisticated operations.
We are pleased that our systems are being used not only for productivity and
profits, but also to assist with critical environmental operations."
Deborah White, said; "We are pleased to announce our first agreement using the
JumpStart Wireless technology. JumpStart's applications are ideally suited to
this type of situation. Using the artificial intelligence capabilities of this
technology allows a secure custom built, agile and scalable solution to be
deployed in a fraction of the time more traditional technologies would require.
We are delighted to be able to assist the team at UGOR in their efforts."
For further information:
Milestone Group PLC
Deborah White, Chief Executive Tel: 020 7929 7826
Strand Hanson Limited
Richard Tulloch / David Altberg Tel: 020 7409 3494
Hybridan LLP
Claire Louise Noyce Tel: 020 7947 4350
[HUG#1429886]
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Source: Milestone Group PLC via Thomson Reuters ONE
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"Contract update"
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