January 3, 2007
First Customer Contract Signed at IXEuropeâs forthcoming London4 IXDatacentre
IX Europe plc (“IXEurope”, AIM: IXE), Europe's specialist datacentre services company with 14 IXDatacentres across four countries, has signed its first customer contract for its new London4 IXDatacentre, which is currently under construction to the west of London.
The contract, for the provision of several hundred rack spaces and associated support services, has an initial value of �20m over ten years excluding power usage.
The early signing of this contract reflects the very strong interest in this high specification facility, which is expected to open in summer 2007. Interest is coming principally from the financial services sector and from major internet companies.
IXEurope's London4 IXDatacentre is near Slough and complements the Group's existing London facilities in the City, Park Royal and West Drayton. This new IXDatacentre will initially deliver 5,000m2 of net datacentre space and could later be expanded by a further 5,000m2 of high specification net space with 24 megawatts of provisioned power.
Guy Willner, Chief Executive Officer of IXEurope said:
“This first customer contract and other sales bids currently in progress reflect the strong demand for professionally operated and highly specified datacentre services. A customer signature over six months ahead of space delivery is a record achievement for IXEurope and is testament to the trust our customers place not only in our ability to deliver but also on our ability to provide high quality professional services.”
For further details
IX Europe plc
Guy Willner, Chief Executive
Karen Bach, Chief Financial Officer
020 7689 1400
Adrian Duffield/Corinna Dorward
020 7457 2020
IXEurope is one of Europe's fastest growing providers of datacentre services. Its principal activities include primary datacentre services, connectivity services and business continuity solutions.
IXEurope works with enterprise and internet customers to provide resilient datacentre infrastructure to house their IT systems far more cost-effectively than through in-house provision. The benefits include optimised IT performance, improved systems availability and reduced corporate risk through improved regulatory compliance. By continually focusing on quality, IXEurope also gives clients exceptional service levels and on-site access to a high level of technical expertise.
With award winning datacentre facilities in key European cities, broad technology expertise and a proven track record, IXEurope provides solutions that give customers the confidence that their operations are protected. The Company has over 450 customers in the enterprise, internet and networking markets including Merrill Lynch, Network Rail and France Telecom.
IXEurope was listed on the London Stock Exchange in April 2006.
For more information please visit the website at www.ixeurope.com
Forward Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, the challenges of acquiring, operating and constructing IBX centers and developing, deploying and delivering Equinix services; unanticipated costs or difficulties relating to the integration of IXEurope into Equinix; a failure to receive significant revenue from customers in recently built out data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; the results of any litigation relating to past stock option grants and practices; and other risks described from time to time in Equinix's filings with the Securities and Exchange Commission. In particular, see Equinix's recent quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.
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