Journeo Regulatory News (JNEO)

RNS Reach

23 March 2023

Journeo plc

("Journeo", "Company" or "the Group")

Gatwick Airport 5-year software and support services contract

Journeo plc (AIM: JNEO) a leading provider of information systems and technical services to transport operators and local authorities, is pleased to announce a new 5-year software and support services contract, initially valued at £0.5m at Gatwick Airport.

This is the natural extension of the project Journeo began working on at Gatwick Airport in 2017, following the announcement on 14 November 2016 of a £1m contract to provide integrated real-time passenger information systems with OFJ Connections, subsequently ABM.

In November 2022, the management of the airport buses transferred from ABM to NCP, and this new 5-year software and support services contract is between Journeo and Gatwick Airport directly, with NCP's operations team handling the day-to-day services.

Russ Singleton, Chief Executive of Journeo plc commented: "We are delighted to extend our relationship with Gatwick Airport where our software and systems will continue to deliver high quality information services to members of the travelling public and staff at the airport through to 2028.

Interest in our suite of airport-based software applications is growing, and in addition to London's three main airports of Gatwick, Heathrow and Stansted, we will shortly be commencing work at Bristol and Dublin airports".

A digital copy of this announcement will be available on the Group's website: www.journeo.com.

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Notes to editors:

Journeo plc is a leading Intelligent Transport Systems provider, delivering solutions in towns, cities, airports and the public transport networks that connect them. The Company works extensively with local and combined authorities, Network Rail and many of the largest multinational transport operators, supporting them as systems converge towards a more efficient and sustainable future.

The business currently has three operating companies:

· Journeo Fleet Systems Ltd: 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.

· Journeo Passenger Systems Ltd: 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.

· Infotec Ltd: design, advanced manufacture, installation and software management of information displays hardware for rail applications in stations, on-platform and on-vehicle.

In the last 4 years, the Company has invested over £5 million in research and development, enabling it to design and supply powerful innovative 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.