Journeo PLC Contract Award
RNS Number : 7840L
15 September 2021
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 ("MAR").
15 September 2021
("Journeo", "Company" or "the Group")
Contract award - Airport bussing management software and
passenger information systems
Journeo plc (AIM: JNEO), the information systems and transport
technical services group, is pleased announce that it has signed a
contract with Transdev Airport Services to provide real-time
information systems and on-vehicle hardware for public and staff
shuttle services used across car parks and inter-terminal
operations at a major UK international airport.
The total value, including software and support services over
the five-year term is expected to be GBP2.5m. Delivery of the first
tranche of new vehicles is due to commence in the first quarter of
2022, with approximately GBP1m of Journeo's equipment, software and
services being commissioned during FY2022.
Journeo will be providing its latest airport car park and
inter-terminal operation management software which allows systems
installed on-board vehicles, including new android-based
interactive driver terminals, CCTV, Wi-Fi and passenger counting
systems to communicate in real-time with the Journeo Transit
Portal, a highly secure and scalable SaaS solution.
Transdev are a world-class player in the mobility market with
83,000 employees, 42,000 vehicles and operations in 17 countries.
They provide 11 million passenger trips a day and are committed to
the production of unrestricted, environmentally friendly forms of
travel suitable for all types of passenger. With a growing market
share in airport mobility, they are leaders in the airport shuttle
segment in the USA and have been providing mobility solutions at
airports in the UK for over 50 years.
Russ Singleton, Chief Executive of Journeo plc, commented: "This
is the third UK airport, following on from Gatwick and Stansted,
where our products, software and real time information management
are being deployed to improve the passenger travel experience as
part of a drive to enhance airport mobility".
A digital copy of this announcement will be available on the
Group's website: www.journeo.com .
For further information, please contact:
Russ Singleton/ Nick Lowe +44 (0) 844 871 7990
WH Ireland - Nominated Adviser and Broker
Mike Coe +44 (0) 117 945 3470
Notes to editors:
Journeo plc is an information systems and technical services
business focussed on public transport and related infrastructure
within towns, cities, airports, and local authorities. The Company
works extensively with local government departments, combined
authorities, and many of the largest multinational transport
operators, supporting them as systems converge towards a more
efficient and sustainable smarter-cities future.
The business currently comprises two segments:
-- Fleet operator solutions: CCTV video surveillance to improve
passenger & driver safety, telematics for vehicle and driver
performance monitoring, real-time communications for remote
condition monitoring and automatic passenger counting.
-- Passenger transport infrastructure solutions: design,
manufacture, installation, and management of hardware and software
for electronic public transport information systems, in and around
towns, cities, ferry terminals and airports which includes
smart-ticketing and wayfinding.
In the last few years, the Company has invested around GBP5m in
research and development, enabling it to design and supply the very
best solutions for customers' complex requirements and the demands
of modern public transport. With an Internet of Things (IoT)
approach and open standards, together with field-proven and
reliable engineering, Journeo is able to offer flexible, scalable
products and services that can integrate with existing technology
while preparing for future advancements.
- Ends -
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(END) Dow Jones Newswires
September 15, 2021 02:00 ET (06:00 GMT)
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