Indian deal proves sky’s the limit for Lightstep
Published 08/06/2010 | 11:36
Lightstep Technologies has secured its first installation in what is set to become India’s tallest building.
The revolutionary evacuation system, developed in Northern Ireland, will be installed in the five-star Shristi Hotel in Calcutta.
Work has already commenced on the 150 metre high building, which is due to open for business at the end of next year.
The hotel will have a wrap-around shopping and entertainment arcade with a mix of live entertainment, dining outlets, speciality retail and state-of-the-art cinemas.
Although the Dunmurry-based firm has not divulged any financial details, it is believed to be a multi-million pound contract.
The lucrative deal came on the back of a distribution agreement with BCL Secure Premises, part of the giant Shristi Corporation in Delhi.
The agreement gives BCL Secure Premises exclusive rights to sell the Lightstep system and suite of products throughout the Indian marketplace. Kieran Patterson, executive chairman of Lightstep Technologies said: “Last week we had our first site meeting regarding the installation of our technology into the Calcutta hotel. It will be our first major installation anywhere in the world in what is being billed as the ‘safest hotel in the world’.”
Award-winning Lightstep Technologies also has other orders in the pipeline spanning the next three years including a major deal within the mining industry.
Mr Patterson said: “The distribution deal with BCL is really opening up markets that we would not have been able to reach without that partnership.”
Lightstep is also working on new products to add to its existing intelligent LED light technology range which includes Pathfinder, Stairfinder, Hallfinder and Doorfinder.
Nicholas Watts, international marketing director for Lightstep Technologies, stated: “Geographically this is a key strategic agreement. It gives us access to a market serving 1.2 billion people, within a rapidly growing infrastructure. It has helped deliver part of our marketing strategy to create a global presence.”
Mr Patterson added that the team in Belfast was committed to making this new agreement hugely successful for all involved. He said: “It is fantastic for the economy to have a company such as ours to buck the international trends and reinforce real global opportunities that still exist despite the economic downturn. The company’s order pipeline confirms that such opportunities do exist.”