Journeo PLC New purchase orders (5329M)
22 Enero 2021 - 1:00AM
UK Regulatory
TIDMJNEO
RNS Number : 5329M
Journeo PLC
22 January 2021
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 ("MAR").
22 January 2021
Journeo plc
("Journeo" or "the Group")
Public transport information display systems GBP1.3m purchase
orders
Journeo plc (AIM: JNEO), the information systems and transport
technical services group, is pleased to announce that it has
received purchase orders for the supply of its advanced public
transport information Systems from a Northern Transport
Partnership.
The purchase orders worth GBP1.3m in total are part of tranche
2, announced on 10 December 2019, of the Transforming Cities Fund
(TCF) and include the supply of the company's latest double-sided
thin-film transistor (TFT) display systems. Approximately GBP1m is
expected to be delivered in the current financial year.
Russ Singleton, Chief Executive of Journeo plc, commented: "We
are delighted to be working with this forward-looking transport
partnership and help them realise their vision of a modern,
efficient and increasingly more sustainable public transport
information systems estate.
These new displays systems equipped with remote condition
monitoring extend the core platform for our Content Management
Software which was delivered during last year as part of the
GBP1.9m award announced in February 2020. Our innovative design
approach reduces the need for periodic maintenance visits which not
only reduces travel and associated pollution, but importantly,
reduces whole life cycle costs for our customers".
A digital copy of this announcement will be available on the
Groups' 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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