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22 Jan 2021 07:00
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 £1.3m 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 £1.3m 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 £1m 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 £1.9m 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 |
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WH Ireland - Nominated Adviser and Broker Mike Coe/ Chris Savidge | +44 (0) 117 945 3470 |
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Communications Portfolio Ariane Comstive | +44 (0) 7785 922 354
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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 £5m 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.
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