Journeo PLC Framework agreement contract extension (7520U)
07 Diciembre 2021 - 01:00AM
UK Regulatory
TIDMJNEO
RNS Number : 7520U
Journeo PLC
07 December 2021
07 December 2021
Journeo plc
("Journeo", "Company" or "the Group")
Framework agreement contract extension
Journeo plc (AIM: JNEO), the information systems and transport
technical services group, is pleased to report a 1-year extension
to a framework agreement with Arriva UK Bus which is expected to
generate GBP1.6m in revenue.
The extension, which will continue to April 2023, includes the
provision of high-definition CCTV systems and nationwide
engineering support, along with technical design, new technology
evaluation and project management services.
Russ Singleton, Chief Executive Officer of Journeo plc,
commented: "We are delighted to continue the long-standing
relationship with Arriva UK Bus through this framework contract
extension. Our safety critical CCTV and associated on-board IT
systems are designed to assist Arriva in protecting their
passengers, drivers and members of the public and enhance the
passenger travel experience".
A digital copy of this announcement will be available on the
Group's website: www.journeo.com .
For further information, please contact:
Journeo plc
Russ Singleton/ Nick Lowe +44 (0) 844 871 7990
WH Ireland - Nominated Adviser and Broker
Mike Coe/ Sarah Mather +44 (0) 207 220 1666
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 over GBP5m in
research and development, enabling it to design and supply advanced
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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