Journeo PLC Purchase Orders
RNS Number : 8367E
12 July 2021
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 ("MAR").
12 July 2021
("Journeo", "Company" or "the Group")
Cloud-based video management and software services for
Journeo plc (AIM: JNEO), the information systems and transport
technical services group, is pleased to report that further to the
announcement on 3 August 2020 regarding a 3-year framework contract
renewal with Abellio London Bus, it has received purchase orders to
install Journeo Edge IoT gateways to connect Abellio's entire fleet
of over 900 vehicles over 4G to Journeo's cloud-based video
management software and services.
The value of the order and additional monthly software and
services revenue is GBP0.5m of which GBP0.3m is expected to be
delivered and recognised in the current financial year.
Abellio won Bus Operator of the Year at the 2020 London
Transport Awards. Operating 852 buses and 77 ancillary vehicles on
53 London routes they have around 9% of the market in the capital
and played a key role in keeping key workers moving during the
pandemic, with Transport for London adapting services to reflect
both customer demand and staff availability.
Jon Eardley, Engineering Director of Abellio London bus
commented "Journeo's innovative technology, software and services
have been integrated into our business systems for a number of
years, helping us to improve safety and efficiency at the same time
as enhancing the passenger travel experience. The addition of the
Journeo Edge gateway and advanced modules unlocks further system
integration potential and will serve as a fantastic platform for
future IoT technologies to keep our fleet connected".
Russ Singleton, Chief Executive of Journeo plc, commented: "We
are delighted to be working as technology partners with Abellio and
deliver the first fleet-wide bus deployment in London of
cloud-based video management and software services. A growing
number of operators are adopting our SaaS based solutions to
improve performance and drive down costs where we are able to
combine end-to-end security and scalable architecture with
intuitive software and responsive support services".
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
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 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
July 12, 2021 02:00 ET (06:00 GMT)
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