Cybit awarded contract renewal with Fowler Welch
13 Julio 2009 - 1:00AM
UK Regulatory
TIDMCYH
RNS Number : 5136V
CybIT Holdings PLC
13 July 2009
Date:13 July 2009
On behalf of: Cybit Holdings Plc ('Cybit' or 'the Company' or 'the
Group')
Embargoed until: 0700hrs
Cybit Holdings Plc
Cybit awarded contract renewal with Fowler Welch
Cybit Holdings Plc (AIM: CYH), the international provider of telematics based
products and services for the management and control of land and sea based
assets, is pleased to announce that it has signed a new contract with Fowler
Welch, part of Dart Group plc, one of the UK's leading distributors of fresh,
chilled and ambient consumer products.
Cybit will deploy Fleetstar Online across the Fowler Welch trailer fleet for a
five year contract term. The agreement is valued at circa GBP1m in revenues, to
be recognised over the life of the contract.
Cybit's solution will enable Fowler Welch to optimise fleet operations and help
maintain its award winning customer service
levels. The solution will integrate with Fowler Welch's Transport Management
System, enabling trip and consignment data to be monitored against delivery
plans to ensure optimum performance, plus a live reporting screen will highlight
vehicles in relation to their jobs and planned delivery windows. This will
enable Fowler Welch to manage its supply chain operations in real time and at an
exceptional standard with operational staff having the tools to quickly react as
events unfold. For compliance purposes they will also receive alerts if trailer
temperatures rise or fall outside of pre-set thresholds.
Richard Horsman, Chief Executive of Cybit said:
"We are delighted to announce this extensive contract renewal with such a
prominent brand and valued customer. This contract endorses Cybit's position as
a leading telematics service provider to the logistics supply chain sector, and
illustrates the Cybit's capability to produce a tailored solution to meet the
demanding and very specific requirements of Fowler Welch.
"Telematics is increasingly seen as a business critical tool to help
organisations reduce operational expense, raise efficiency, customer service
levels and aid legislative compliance. This contract demonstrates Cybit's
continued position as the trusted partner of choice within the telematics sector
and we look forward to continuing to provide strength and experience to our
current and future customers."
Lee Juniper, Operations Director for Fowler Welch said:
"Cybit's next generation of software and systems integration will provide us
with tactical and strategic business tools to manage our fleet effectively and
efficiently, and ensure that we can continue to provide the exceptional customer
service that we are renowned for.
"The solution enables us to continue to achieve the corporate objectives of
delivering highest quality of service at lowest cost to meet the sophisticated
requirements of our customer base."
-ends-
For further information, please contact:
+----------------------------+----------------------------+------------------------+
| Cybit Holdings Plc | Redleaf Communications | Cenkos Securities Plc |
+----------------------------+----------------------------+------------------------+
| Richard Horsman, Chief | Emma Kane/ | Stephen Keys/ |
| Executive | Rebecca Sanders-Hewett / | Elizabeth Bowman |
+----------------------------+----------------------------+------------------------+
| Kevin Lawrence, Finance | Anna Dunkin | |
| Director | | |
+----------------------------+----------------------------+------------------------+
| | | |
+----------------------------+----------------------------+------------------------+
| Tel: +44 (0)1480 455489 | Tel: +44 (0)20 7566 6700 | Tel: +44 (0)20 7397 |
| | Email: cybit@redleafpr.com | 1930 |
| | | |
+----------------------------+----------------------------+------------------------+
Notes to Editors:
* Cybit operates within three core sectors: Vehicle Telematics Solutions;
Maritime Solutions; and Private Mobile Radio (PMR) based tracking and precise
positioning solutions. Its products and services enable companies to monitor and
position mobile assets, manage service level agreements, enhance employee duty
of care and comply with legislation.
* In the Vehicle Telematics sector, Cybit is one of Europe's leading Telematics
Service Providers (TSPs). Approximately 2,000 business-to-business clients use
our fleet and asset management solutions to manage more than 50,000 mobile
assets. Solutions include in-vehicle technologies, workflow management and
internet-based monitoring and reporting software. The Company also provides
consulting services to advise on legal issues such as duty of care and working
hours.
* Cybit's Maritime Solutions business, BlueFinger, is recognised as one of the
world's leading suppliers of Fisheries Vessel Monitoring Systems. Bluefinger
provides the fisheries authority with the necessary tools for managing their
licensed fishing fleets and coordinating the activity of the fisheries patrol
vessels that enforce national fisheries policy throughout an Economic Exclusion
Zone (EEZ). BlueFinger's Saffire-Online system is ideal for race organisers to
track the position, direction and speed of each vessel in ocean going or inshore
races.
* Our PMR business, Cybit Positioning Solutions, provides asset-tracking and
security solutions for both maritime and land-based applications including
exploration and mining. Our precise positioning solutions assist in the location
and exploitation of oil, gas and mineral reserves around the globe.
* Cybit's Fleetstar-Online works via an unobtrusive GPS device located inside the
vehicle that provides real-time positioning information which is transmitted via
O2's GPRS network to Cybit's servers. This data is processed into a broad
spectrum of user defined and configurable reports, providing real-time fleet
visualisation or historical analysis. The system can be accessed from any
web-connected PC.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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