Tracsis PLC Contract Win (6675G)
28 Julio 2021 - 1:00AM
UK Regulatory
TIDMTRCS
RNS Number : 6675G
Tracsis PLC
28 July 2021
28 July 2021
Tracsis plc
("Tracsis" or "the Group")
Large RailHub Enterprise Software Contract Win / Updated
Forecast
Tracsis, a leading provider of software, hardware, data
analytics/GIS and services for the rail, traffic data and wider
transport industries, is pleased to announce it has been awarded a
new multi-year significant contract in the UK for its RailHub
software product suite. This is one of the large rail opportunities
that we highlighted in our Interim Results announcement that was in
the final stages of contract award.
RailHub* is a unique digital platform developed by Tracsis
subsidiary OnTrac that allows railway workers to plan and deliver
safer work on the railways by providing better and more visual
information. Improving safety is a key priority area for the rail
industry, which has an overriding focus on eradicating fatalities
on or near the railway line, reducing near misses and reducing lost
time accidents in rail and construction environments.
This contract will double RailHub's user base to over 30,000
individuals, reflecting the growing momentum in UK rail's shift to
digital, and underpins our confidence in the future of the RailHub
product with both rail infrastructure providers and
maintainers.
As a result of this large enterprise licence win, ongoing growth
in Rail Technology & Services and Data Analytics/GIS and a post
Covid recovery in business activity levels in our Traffic Data and
Events business units, we are now expecting full year EBITDA for
the Group to exceed market expectations.
Chris Barnes, Chief Executive Officer, commented:
"We are delighted to have secured this major new software
contract win, which strongly aligns with the industry's ongoing
investment in a digital railway as outlined in the recent
'William-Shapps Plan for Rail'. This win further cements RailHub as
an industry leading piece of software and reinforces the reputation
of Tracsis as a fast-to-market innovator of products and services
for the rail industry ."
*More information on RailHub is available on the OnTrac
website
Enquiries:
Tracsis plc Tel: 0845 125 9162
Chris Barnes, CEO
Andy Kelly, CFO
finnCap Ltd Tel: 020 7220 0500
Christopher Raggett/Charlie Beeson, Corporate
Finance
Andrew Burdis, Corporate Broking
Alma PR Tel: 020 3405 0205
David Ison/Hilary Buchanan/Joe Pederzolli tracsis@almapr.co.uk
Notes to editors:
-- Tracsis plc is a technology company and a leading provider of
software and hardware products, data capture and data analytic/GIS
services for the rail, traffic data and wider transport
industries.
-- Tracsis' products and services are widely used to increase
efficiency, reduce cost and risk, improve operational and asset
performance, improve safety management and decision making
capabilities and improve the overall customer experience for
clients and customers.
-- The Group is split into two principal operating areas built
around detailed industry knowledge and expertise:
- Rail Technology & Services: Software and
technology/product led business. Develops remote condition
monitoring hardware, data acquisition software and safety and risk
management software for rail infrastructure providers. Software
that solves complex resource, asset optimisation and control
problems for Train Operators and Smart Ticketing, Delay Repay and
other retail software to improve the customer experience for rail
users.
- Data, Analytics, Consultancy & Events : A largely services
led business that focuses on data capture, data analytics, GIS,
data insights, consultancy and event traffic management within a
range of transport and pedestrian rich environments. The business
provides technology/bespoke products and data that underpins large
scale intelligent transport system and smart city planning and
decision making.
-- Tracsis has a blue-chip client base which includes all major
UK transport owning Groups. The business also works extensively
with Network Rail, Train Operating Groups and Companies, the
Department for Transport, TfL, multiple local authorities, major
outdoor music and sporting event organisers, and a wide variety of
large engineering and infrastructure companies.
-- The business drives growth both organically and through
acquisition and has made fifteen acquisitions since 2008.
For more information on Tracsis please visit
http://www.tracsis.com
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