Last checked at 8 Oct 2014 07:00
8 October 2014
21st Century Technology plc
("21stCentury", "the Company" or "the Group")
Contract Award
21st Century Technology plc (AIM: C21), the specialist service providers of CCTV and monitoring systems to the fleet and network operators in the bus and rail industries, today announces that it has been awarded a four year contract worth 12.6m SEK (approximately £1.1m) by one of the largest passenger transport operators in Sweden to support on-vehicle mobile surveillance, safety and communication systems across their fleet in Stockholm.
In parallel with the above, the Framework Agreement for the supply, installation and maintenance of systems has been extended by two and a half years to be co-terminus at August 2018.
Commenting on the contract win 21st Century's Chief Executive, Russ Singleton, said: "We are delighted that our Swedish based team have been selected to continue our relationship with this major client and look forward to supporting them on over 850 Stockholm buses in the coming years."
Enquiries:
21 Century Technology plc | Russ Singleton/Glenn Robinson | Tel: 0844 871 7990 |
finnCap Limited | ||
Nominated Adviser | Julian Blunt/Henrik Persson | Tel: 0207 220 0500 |
Corporate Broking
Media enquiries | Malar Velaigam | |
Communications Portfolio | Ariane Comstive/Helen Carpanini | Tel: 07785 922354
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Notes to editors:
21st Century Technology plc's (AIM: C21) principal activities are the provision of CCTV and monitoring systems to the fleet and network operators in the bus and rail industries. The Group's business model is in transition; from providing individual solutions for the supply and installation of CCTV, telematics and monitoring systems, towards highly integrated on-board technologies with connected & web based back-office software management applications.
The Group is currently preferred suppliers of mobile CCTV to two of the UK's largest bus operators; Arriva UK Bus & First Group UK Bus. It also provides installation, maintenance & support services to Keolis and Arriva in Stockholm, Sweden and is deploying a novel passenger comfort-oriented driver behaviour system to Keolis throughout France.
In the rail sector, 21st Century has also recently gained new customers; including GB Rail Freight and one of the UK's leading train operating companies.
These strengthening client relationships demonstrate the growing adoption of the 21st Century's systems in the bus and rail market, supporting the Group's multi-modal approach to servicing fleet customers throughout the UK and into Continental Europe.
The Group was admitted to trading on AIM in 2005.