Journeo PLC New Purchase Orders (4770S)
17 Marzo 2021 - 1:00AM
UK Regulatory
TIDMJNEO
RNS Number : 4770S
Journeo PLC
17 March 2021
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 ("MAR").
17 March 2021
Journeo plc
("Journeo", "Company" or "the Group")
Public transport information display systems GBP1.1m purchase
orders
Journeo plc (AIM: JNEO), the information systems and transport
technical services group, is pleased to announce that it has
received new purchase orders for the supply of its advanced public
transport information systems.
The purchase orders worth GBP1.1m in total include the supply of
the Company's latest double-sided solar powered display systems.
Approximately GBP0.7m is expected to be delivered in the current
financial year.
Russ Singleton, Chief Executive of Journeo plc, commented: "We
have been investing in renewable energy powered technologies for
some time now and we are delighted that the orders being announced
today, include a number of our latest low energy solar-powered
systems.
We have had an encouraging start to FY21, following RNS
announcements made in January, with a strong and growing pipeline
of sales opportunities for the Company's technologies, software,
and services.
The DfT announcement of 15 March 2021 of the first National bus
strategy for England is a significant market driver. The Enhanced
Partnerships envisaged by the bus strategy announcement will forge
a closer relationship between local authorities and fleet
operators, aligning with our core capabilities in each customer
segment".
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/ Chris Savidge +44 (0) 117 945 3470
Communications Portfolio
Ariane Comstive +44 (0) 7785 922 354
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 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
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