Journeo PLC Framework Agreement
RNS Number : 4276O
08 October 2021
08 October 2021
("Journeo", "Company" or "the Group")
Framework Agreement - Transport Technology and Associated
Journeo plc (AIM: JNEO), the information systems and transport
technical services group, is pleased announce that it has been
awarded a framework agreement with Crown Commercial Services.
The framework has an initial two-year term with the option of up
to two additional years extension.
The framework allows the company to be considered for call-off
contracts and direct catalogue-style purchasing, providing a
procurement route for Local Authority and Government organisations
in England and the devolved administrations in Wales, Scotland and
Northern Ireland, to place orders directly for transport and
pedestrian control, transport data services and sustainable
Crown Commercial Service is an executive agency and trading fund
of the Cabinet Office of the UK Government, responsible for
managing the procurement of common goods and services, increasing
savings for the taxpayer by centralising buying requirements, and
leading on procurement policy on behalf of the government.
Russ Singleton, Chief Executive of Journeo plc, commented:
"Securing a place on the TTAS framework was an important objective
as we were not on the predecessor framework, where we supplied over
GBP4m of our technology through Tier-1 framework holders. TTAS
provides local authorities and Government organisations direct
access to our cloud-based bus, rail and coach applications; and our
low-power, off-grid passenger information systems."
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
October 08, 2021 02:00 ET (06:00 GMT)
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