Contract Wins Put Lisburn Tech Firm On Track For £70m Turnover

An audio visual consultancy firm based in Lisburn, Northern Ireland is on track to reach its £70 million turnover target and triple its workforce by 2025 after winning four major contracts.

OKTO Technologies has been appointed to develop and deliver its bespoke 'smart building technologies' to residential developments currently under construction in London's West End.

Awarded by some of the world's top property developers, the new contracts will result in OKTO's specialist BMS technologies seamlessly controlling the environmental and lifestyle systems in the ultra-luxury residences - which sell for up to £100million per home. This includes everything from lighting and climate to AV and IT systems - and will ultimately appear as if the home has a virtual 'butler' which thinks and acts on behalf of its occupier.

The contracts include the provision of Lifestyle Technology Systems Integration for 25 new apartments and penthouses at The Peninsula Hotel & Residences, where OKTO has been appointed by the Hong Kong & Shanghai Hotel Group, along with Prime Developments and leading UK contractor, Sir Robert McAlpine. In an industry first, OKTO's BMS technology will deliver robust future proof systems via pre-installed AI-based infrastructure across each of the ultra-luxury apartments.

The second contract win is for Mayfair Park Residences, serviced and managed as part of the neighbouring Dorchester Hotel on Park Lane. Appointed by the luxury developer, Clivedale London, OKTO will design and install all home automation and AV technology across the development's 23 luxury apartments.

In the same development, OKTO will install its technology in an extensive triplex penthouse overlooking Hyde Park – one of the largest to be developed in Central London.

Finally, OKTO has been appointed by the CPC Group, owned by the renowned luxury property developer Christian Candy, to deliver its full suite of building technology systems to Duke's Lodge, the largest new residential development in Holland Park.

In addition to enabling residents to control the full range of high-end systems embedded in each of Duke's Lodge 25 luxury apartments, OKTO's Building Management System (BMS) will integrate and automate the back of house systems including lifts, swimming pool, access, security, energy management and lifts.

Once completed, residents will count Simon Cowell, the Beckhams and Elton John amongst their new neighbours.

"These are highly significant contract wins for OKTO and reflect the unique nature of the technologies we're developing and the solutions we're delivering," said Philip Dowds, owner of OKTO.

"We've always been highly regarded as AV experts – and this remains part of our service offering - but we now operate on a completely different level. Our team of experts in Northern Ireland have successfully harnessed Artificial Intelligence and developed Building Management Systems which meet the needs of the world's top property developers. As such we've earned our reputation as industry pioneers."



(JG/CM)