Beacon Solutions Lands New Purchase Order from Fortune 500 Pharmaceutical Company04003005

Beacon Enterprise Solutions Group, Inc., a global provider in the high performance provision of advanced IT solutions, announced the execution of a new purchase order with a Fortune 500 Pharmaceutical Company that will encompass both domestic and international locations.

In a release, the company noted that the new order relates to Layer 1 infrastructure services for a recently acquired entity of the pharmaceutical company. This international Fortune 500 client is an existing Beacon customer and is now utilizing Beacon's IT infrastructure provisioning expertise to assist it in assessing and integrating the network of its recently acquired entity in the medical space.

Beacon will service the acquired entity's facilities located throughout the United States, in addition to international facilities located in: Germany, Spain, Italy, France, Canada, Australia, the Netherlands and the UK.

"This most recent order is a testament to our excellent reputation and our client's willingness to continue to engage Beacon and our experienced team of IT infrastructure professionals," said Bruce Widener, CEO of Beacon Solutions. "This project further expands our reach throughout Europe and into previously un-serviced countries such as Australia. We look forward to continuing to work with this Fortune 500 client as they undergo the task of integrating their recent acquisition, in addition to servicing their future IT infrastructure needs."

Beacon Solutions Expands Contract With Pharmaceutical Client

Beacon Enterprise Solutions Group, Inc. (Current Market Cap: US$16.84 Mil.) has added four new projects worth around $600,000 to an existing IT infrastructure management contract with an undisclosed New Jersey-based pharmaceutical and consumer health products firm.

The new projects are in Arkansas, Florida, Michigan and Juarez, Mexico. Beacon said that the combined value of the new projects is estimated to be around $600,000, which is in addition to the current $19.5 million, three-year infrastructure management contract Beacon has closed with this client for the North American region.

Beacon said that the size of the agreement is expected to grow in the coming weeks as both companies near the finalization of a new international contract that would encompass locations in over 35 additional countries throughout Europe, Africa and the Middle East.

Louisville, Kentucky-based Beacon Enterprise Solutions Group offers telecom infrastructure design, software development, systems integration, system installation and maintenance, as well as long distance, VoIP and internet access service.

The company's clients include state and local agencies, educational institutions, and more than 4,000 companies.

Beacon Solutions Expands Previously Announced $19.5 Million Contract with Fortune 500 Pharmaceutical Company

Beacon Enterprise Solutions Group, Inc. (OTCBB: BEAC), a global leader in the high performance provision of advanced IT solutions, announced today that it has added four new projects to its previously announced IT infrastructure management contract with one of the world's largest pharmaceutical and consumer health products companies.
The new projects in Arkansas, Florida, Michigan and Juarez, Mexico have been awarded to Beacon as it continues to expand its infrastructure management services within the customer’s facilities. The combined value of these new projects is estimated to be approximately $600,000, which is in addition to the recently announced $19.5 million, three-year infrastructure management contract for the North American region.
The size of the agreement is expected to grow significantly in the coming weeks as both companies near the finalization of a new international contract that would encompass locations in over 35 additional countries throughout Europe, Africa and the Middle East.
“In the current quarter, we have seen the potential value of this contract accelerate beyond the initial $19.5 million as we’ve secured new highly-sophisticated IT infrastructure projects in Arkansas, Florida, Michigan and Juarez, Mexico,” said Bruce Widener, CEO of Beacon Solutions. “In addition to these specific project wins, Beacon is working closely with the customer’s senior IT management team to finalize the terms and conditions of a new international contract to service dozens of facilities spanning over 35 countries throughout Europe, the Middle East and Africa. This game-changing contract should lead to significant revenue increases for Beacon Solutions and we look forward to providing more details in the coming weeks once the agreement is completed.”
Within 90 days from the beginning of the implementation phase of the infrastructure management service agreement with this Fortune 500 pharmaceutical company, Beacon has achieved an approximate 50% penetration rate for the expected service load at full implementation. In effect, this equates to 186 separate IT infrastructure related service tickets processed in the month of April alone.
Headquartered in New Jersey, this customer is a global research driven pharmaceutical company. The customer discovers, develops, manufactures and markets vaccines and medicines to address unmet medical needs.